Skip to main content

All India ITR - Your Personal Tax Expert

Search This Blog

Showing posts with the label bad

Posts

5 Common Mistakes While Making Investment Declaration

December 13, 2016

2017 bad black money calculator demonetisation deposits e-filing efiling property property tax RBI return. filing

+

Get link
Facebook
X
Pinterest
Email
Other Apps

200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing

November 23, 2016

alternate currecy ATM atm bus bad ban banks black money currency deposits fraud govt of india GST guidelines income income tax notice ITR long queue

+

Get link
Facebook
X
Pinterest
Email
Other Apps

Currency Ban: Copies of ID Proof Not Required for Exchanging Old Notes, Says RBI

November 16, 2016

alternate currecy atm bus bad banks black money central bank currency deposits exchange exchange of cuurency exchange of notes good govt of india

+

Get link
Facebook
X
Pinterest
Email
Other Apps

10 More Days Given To Use Old Notes For Paying Utility Bills, Taxes & Fees

November 16, 2016

alternate currecy atm bus bad ban black money central bank currency exchange exchange of cuurency exchange of notes finance govt of india

+

Get link
Facebook
X
Pinterest
Email
Other Apps

Use Old Notes To Pay Taxes

November 16, 2016

alternate currecy atm bus bad ban black money central bank deposits exchange exchange of cuurency exchange of notes govt of india guidelines income tax return Indelible Ink ITR long queue monetization

+

Get link
Facebook
X
Pinterest
Email
Other Apps

The Good, The Bad And the Bizarre of Currency Ban

November 15, 2016

alternate currecy bad ban banks currency good guidelines monetization november 24 RBI

+

Get link
Facebook
X
Pinterest
Email
Other Apps

Alexa Widget

Popular Posts

CBDT extends ITR filing deadline for Audit Cases by a month to 31 October 2019

The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return filing deadline for audit cases from 30 th September 2019 to 31 st October 2019. As per the Income Tax Act Rule, the ITR should be file by those entities who are assessed under section 44AB of the income tax such as companies, partnership firms & proprietorship. In addition, those businesses whose total sales, turnover or gross receipts exceed Rs 1 crore in the financial year is eligible for Tax Audit. The income tax department took to microblogging site Twitter and shared the post, saying "on consideration of representations received from across the country, CBDT has decided to extend the due date for ITR Filing & Tax Audit Reports from 30th Sep 2019 to 31st of Oct, 2019 in respect of persons whose accounts are required to be audited," the CBDT said in a late-night statement. Look at the applicability in Tax Audit under the following conditions- Must be a person under t...

NITI Aayog Moots Extension of 10% Income Tax Slab to Rs 7 Lakh

The country’s premier policy think-thank is keen on extending the 10 percent income tax slab from Rs 5 lakh to Rs 7 lakh while keeping the threshold for exemption at Rs 2.5 lakh. The report quoted a National Institution for Transforming Indian (NITI) Aayog official as saying that instead of expanding the exemption limits, the body wants to enable more people to pay taxes. The report added that the think-thank has also recommended that job creation be the central theme of the Budget. The three existing tax slabs include 10 percent for annual income between Rs 2.5 lakh and Rs 5 lakh, 20 percent on annual income from Rs 5 lakh to Rs 10 lakh, and 30 percent on income above Rs 10 lakh. Niti Aayog has also batted for social sector spending to be increased three-fold. The roadmap involves partially cutting down on mega subsidies as well as diverting extra revenues to sectors such as health and education. The report added that the NITI Aayog will unveil a three-year action plan aft...

Small Businesses Accepting Payment By Digital Mode Will Pay Low Income Tax On Profit

As soon as calendar strikes April 1st, the financial year will end and everyone will be occupied by calculating and efiling income tax. This time scenario is a bit different as Indian Government is a lot more focused on building a cashless economy of this nation. To promote this view, the government has taken few initiatives to attract small businesses like local stores and grocery shops as they are a big part of our economy. Small businesses across India, which are involved in manufacturing or retail or wholesale trading tend not to maintain a proper account book. Thus, they measure their income as deemed profit during efiling income tax. So, the new announcement to promote cashless transactions is that the deemed profit rate will be decreased to 6% from 8% if small businesses turn digital. This 8% rule was mentioned in Section 44D of Income Tax Act which is now changed to 6% of gross rate. So how you will be getting the tax benefit during efiling income tax? Assume, you have...

Plurk

All India ITR

Labels

: e-filing
: itr filing
#accounting
#allindiaitr
#audits
#bookkeeping
#capitalgains
#capitalgainstax
#efile income tax return
#efileincometaxreturn

Show more Show less

Powered by Blogger

All India ITR 2017