INCOME TAX UPDATES

DUE DATE FOR FILING INCOME TAX RETURN FOR F.Y. 18-19 HAS BEEN EXTENDED TO 31st JULY, 2020 / DATE FOR TDS AND TCS RETURN HAS BEEN EXTENDED TO 31st JULY,2020 / DATE FOR INVESTMENT UNDER SECTION 80C, 80D, 80G ETC IS EXTENDED UPTO 31st JULY, 2020 / WAIVER OF INTEREST U/S 234 A IN CASE WHERE SELF ASSESSEMENT TAX IS UPTO 1 LAC

                                                                  MINISTRY OF FINANCE                                       

DUE DATE FOR FILING INCOME TAX RETURN FOR F.Y. 18-19 HAS BEEN EXTENDED TO 31st JULY, 2020 / DATE FOR TDS AND TCS RETURN HAS BEEN EXTENDED TO 31st JULY,2020 / DATE FOR INVESTMENT UNDER SECTION 80C, 80D, 80G ETC IS EXTENDED UPTO 31st JULY, 2020 / WAIVER OF INTEREST U/S 234 A IN CASE WHERE SELF ASSESSEMENT TAX IS UPTO 1 LAC Read More »

Press Release dated 13 May 2020 – Income tax Date Extended, Audit date extended, Collateral Free loan to MSME, MSME definition is revised, TDS/TCS rate is reduced by 25% on all sections and many more

*Important points of the Press conference of Honorable FM:*  *Six major steps for MSME*1. Collateral Free Automatic Loan to MSME. No guarantee required. Period 4 Years. No principal repayment for 1 year. 2. Stressed MSME: Subordinate Debt 20,000 crore3. MSME doing viable business: 50,000 cr. equity infusion for expansion 4.     Definition of MSME changed: a. Micro:

Press Release dated 13 May 2020 – Income tax Date Extended, Audit date extended, Collateral Free loan to MSME, MSME definition is revised, TDS/TCS rate is reduced by 25% on all sections and many more Read More »

INCOME TAX CALCULATOR F.Y. 2020-21|CALCULATE YOUR INCOME TAX 2020-21 YOURSELF AND COMPARE OLD VS. NEW SLAB RATE TAX

BELOW IS INCOME TAX CALCULATOR F.Y. 2020-21|CALCULATE YOUR INCOME TAX 2020-21 YOURSELF AND COMPARE OLD VS. NEW SLAB RATE TAX. CLICK HERE TO CALCULATE: https://www.incometaxindiaefiling.gov.in/Tax_Calculator/index.html?lang=eng THANKS TEAM LEAGAL SAHAYAK

INCOME TAX CALCULATOR F.Y. 2020-21|CALCULATE YOUR INCOME TAX 2020-21 YOURSELF AND COMPARE OLD VS. NEW SLAB RATE TAX Read More »

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