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24/10/2019

TDS -As per Income Tax Act, there are certain payments including salary, interest etc. in which the one who makes such payment is liable to deduct tax known as Tax Deducted at Source. At the end TDS is adjusted with taxes payable at the time of making final computation of income.

03/02/2019

*HIGHLIGHTS OF BUDGET 2019*

*Tax*
1. Within 2 years, Tax assessment will be done electronically
2. IT returns processing in just 24 hours
3. Minimum 14% revenue of GST to states by Central Govt.
4. Custom duty has abolished from 36 Capital Goods
5. Recommendations to GST council for reducing GST rates for home buyers
6. *Full Tax rebate upto 5 lakh annual income after all deductions.*
7. Standard deduction has increase from 40000 to 50000
8. Exempt on tax on second self-occupied house
9. Ceiling Limit of TDS u/s 194A has increased from 10000 to 40000
10. Ceiling Limit of TDS u/s 194I has increased from 180000 to 240000
11. Capital tax Benefit u/s 54 has increased from investment in one residential house to two residential houses.
12. Benefit u/s 80IB has increased to one more year i.e. 2020
13. Benefit has given to unsold inventory has increased to one year to two years.
*Other Areas*
14. State share has increased to 42%
15. PCA restriction has abolished from 3 major banks
16. 2 lakhs seats will increase for the reservation of 10%
17. 60000 crores for manrega
18. 1.7 Lakh crore to ensure food for all
19. 22nd AIIMS has to be opened in Haryana
20. Approval has to be given to PM Kisan Yojana
21. Rs. 6000 per annum has to be given to every farmer having upto 2 hectare land. Applicable from Sept 2018. Amount will be transferred in 3 installments
22. National kamdhenu ayog for cows. Rs. 750 crores for National Gokul Mission
23. 2% interest subvention for farmers pursuing animal husbandry and also create separate department for fisheries.
24. 2% interest subvention for farmers affected by natural calamities and additional 3% interest subvention for timely payment.
25. Tax free Gratuity limit increase to 20 Lakhs from 10 Lakhs
26. Bonus will be applicable for workers earning 21000 monthly
27. The scheme, called Pradhan Mantri Shram Yogi Mandhan, will provide assured monthly pension of Rs. 3,000 with contribution of Rs. 100 per month for workers in unorganized sector after 60 years of age.
28. Our government delivered 6 crores free LPG connections under Ujjawala scheme
29. 2% interest relief for MSME GST registered person
30. 26 weeks of Maternity Leaves to empower the women
31. More than 3 Lakhs crores for defence
32. One lakh digital villages in next 5 years
33. Single window for approval of India film makers

30/06/2018

BYE BYE to june.....ITR due date is not so far, .....File ur ITR now...
Msg directly through my page page it #.....

17/06/2018

Mid of June...ITR DUE DATE REACHING U....File ur return now...now..
Like page # share page # msg details at one click from page....

GET UR ITR FILED BEFORE DUE DATE.

14/06/2018

LATE FEE ON DELAY IN FILING INCOME TAX RETURN FOR THE YEAR ENDED 31ST MARCH, 2018 (Asst.Yr: 2018-19) under sec. 234F:

1. If Return filed during 01/04/2018 – 31/07/2018 : Late Fee NIL

2. If Return filed during 01/08/2018 – 31/12/2018 : Late fee Rs. 5000

If total income does not exceed Rs.5 Lakhs then this Late fee will be restricted to Rs. 1000

3. If Return filed during 01/01/2019 – 31/03/2019 : Late Fee Rs. 10000

If total income does not exceed Rs.5 Lakhs then this Late Fee will be restricted to Rs. 1000 only.

13/06/2018

Don't Wait ... File Your ITR just now # Like Page # Share Page # Connect more & more....

13/06/2018

As the deadline to file income tax return (ITR) for FY 2017-18 is approaching so are the last minute jitters for many. The last day for filing ITR is July 31, 2018, and you must not miss the deadline at any cost. Filing returns on time is proof of tax compliance and financial prudence.

13/06/2018

File ur return before due dates....like page # msg details for ITR directly through page #

12/06/2018

ITR Benefits:

Self-employed: Businessmen, consultants and partners of firms do not get Form 16. Hence, ITR receipts become an even more important document for them, provided their annual income exceeds the basic exemption limit of Rs 2.50 lakh. For all sorts of financial transactions, ITR receipts will be the only proof of income and tax payment for the self-employed.

12/06/2018

Benefits of filing ITR:

For Loan Purpose: Having filed the ITR will help individuals, when they have to apply for a vehicle loan (two-wheeler or four-wheeler) or Home Loan. All major banks can ask for a copy of tax returns.

12/06/2018

12/06/2018

Get Income Tax Return done before time....msg details at click