Solution for mismatch in GSTR 1 and GSTR 3B
Solution for mismatch in GSTR 1 and GSTR 3B Taxpayers are confused as to what should be taken as the primary source (GSTR 1/GSTR 3B/ Books of Accounts) for filing [Read More…]
Error in GSTR 1 or GSTR 3B correct in GSTR 9
Error in GSTR 1 or GSTR 3B correct in GSTR 9 As GST was new for everyone, numerous errors have been made in filing the GST returns for the financial [Read More…]
TDS on cash withdrawal – Some Unanswered Questions
TDS on cash withdrawal – Some Unanswered Questions In the Union Budget 2019, the FM mentioned some measures for promoting less cash economy. One of the important provisions among them [Read More…]
TDS on cash withdrawals – Invalid provision? Fair?? or double taxation??
TDS on cash withdrawals – Invalid provision? Fair?? or double taxation?? Union Budget 2019, in order to encourage cashless transactions; imposed Tax Deducted at Source (TDS) at 2% on the [Read More…]
Buy Electric Vehicle & Save Tax
Buy Electric Vehicle & Save Tax (Newly inserted section 80EEB) In the Union Budget 2019, there were no major changes made to boost the auto sector, but announcements made to [Read More…]
Deduction for interest on home loan (Sec 80EE)
Deduction for interest on home loan (Sec 80EE) In the financial year 2013-14, Section 80EE was introduced for allowing a deduction for interest on the home loan for a period [Read More…]
Deduction for interest on home loan (Sec 80EEA)
Deduction for interest on home loan (Sec 80EEA) With the view to promote/achieve the goal “HOUSING for ALL” Government has announced additional deduction for interest on loan taken for [Read More…]
Income Tax Slab Rates – FY 2019-20(AY 20-21)
Income Tax Slab Rates – FY 2019-20(AY 20-21) Applicable for AY 20-21 After the `announcement of Union Budget 2019, on 5th July 2019, the slab rates will remain the [Read More…]
Surcharge on Income Tax FY 2019-20
Surcharge on Income Tax FY 2019-20 (AY 2020-21) Surcharge TAX on TAX is called SURCHARGE. The surcharge is applicable only if the total taxable income exceeds a certain prescribed limit. [Read More…]
Income Tax Slab Rates – FY 2018-19 (AY 2019-20)
Income Tax Slab Rates – FY 2018-19 (AY 2019-20) In India, income tax slab rates are dependent upon the age of the assessee as well as the residential status. Upto [Read More…]