CBDT provides relaxation for application of lower/NIL deduction TDS certificates w.r.t. FY 2020-21 Due to the outbreak of the COVID-19 pandemic and the lock down has caused disruption in [Read More…]
Companies Fresh Start Scheme, 2020 Government has issued a General Circular No. 12/2020 dated 30th March 2020 in order to revive the non-compliant companies. As per part of the government initiative [Read More…]
Standard Deduction for salaried Individuals It is a deduction allowed to salaried individuals. It is mainly a flat amount that is subtracted from the salary income before the calculation of [Read More…]
Income Tax Slab Rates – FY 2020-21(AY 21-22) Applicable for AY 21-22 After the announcement of Union Budget 2020, on 1st February 2020, the slab rates have drastically changed [Read More…]
Budget 2020 : Highlights Budget Highlights: What is changing? On 1st Feb 2020 the Finance Minister Ms. Nirmala Sitharaman presented the Union Budget. This budget announcements will be applicable for [Read More…]
Penalty of Rs 5000 per day for non-compliance with section 269SU by 31st January 2020 Businesses having turnover more than Rs. 50 cr. in the immediately preceding previous year are [Read More…]
Budget 2020 Expectations : “Populist” or “Mixed Bag” ? The Financial Year 2019-20 saw many Budget announcements by the FM. Starting with Interim Budget in February 2019, then Union Budget [Read More…]
Can you file a delayed tax return after 31st December? Generally, individuals and HUFs without tax-audit requirement, are required to file their income tax returns by 31st July or 30th [Read More…]
Tax Exemptions on Electronic Vehicles – Section 80EEB Introduction The rising pollution levels in our country has forced our government to take some steps to curb this monster’s multiplying steps [Read More…]
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