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…]
5% TDS on Net Receipts from Life Insurance Policy Budget 2019 has brought in some important amendments. One of them is the amendment of Sec 194DA providing that TDS applicable [Read More…]
Consequences of non-filing of ITR on the due date Generally, 31st July is the due date to file tax returns of certain taxpayers. Considering the COVID-19 pandemic the due date [Read More…]
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?? Union Budget 2019, in order to encourage cashless transactions; imposed Tax Deducted at Source (TDS) at 2% on the [Read More…]
Union Budget 2019 Budget Highlights: What is changing for FY 19-20? On 5th July 2019 for the first time in India, a woman Finance Minister Ms. Nirmala Sitharaman presented the [Read More…]
Deduction for interest on deposits in a savings account Deduction u/s 80TTA & 80TTB Sec 80TTA: Deduction in respect of “ interest on deposits in a savings account” Income Tax [Read More…]
Some FAQs related to the filing of Income Tax Return 31st July is the deadline to file the ITR for most of the tax-payers including salaried people. The filing Income [Read More…]
US announces new sanctions on Iran On Monday, 24th June 2019, US president Mr. Donald Trump signed and confirmed the imposition of new sanctions on Iran in its effort to [Read More…]
Income Tax Calendar for FY 2019-20 (AY 2020-21) The filing of tax return is an annual activity. However, the income tax department has outlined various deadlines for the activities a [Read More…]
Pre-budget memorandum: Suggestions by ICAI Finance Minister Nirmala Sitharaman will be presenting the full-year Union Budget for the financial year 2019-20 on 5th July, 2019. This Union Budget will be [Read More…]
RBI rate cut – Its impact and detailed analysis Rate Cut and Rate Hikes are regular parameters tackled by RBI in its monetary policy. To understand what is a rate [Read More…]
UDIN will be mandatory for GST & Tax Audit Reports from 1st April 19 UDIN ( Unique Document Identification Number ) was made mandatory after the decision was taken in [Read More…]
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