The announcement of the finance minister regarding the reduction of rate of Income-tax in respect of Domestic Companies to 22% has created lot of interest amongst all entrepreneurs to go into corporate form of business considering the tax benefits. The below table is a comparison of tax liability for various types of Organisations for different […]
The Central Board of Direct Taxes (CBDT) vide its Order u/s. 119 of the Income-tax Act,1961 , dated 23rd July 2019 has extended the due date for filing the Income-tax returns in respect of all taxpayers who are liable to file Income tax returns. The extended due date is 31st Aug 2019 (earlier due date
Due date for filing Returns (Non Audit) extended Read More »
The due date for payment of Advance tax for the year 2019-20 (AY 2020-21) falls on 15th June 2019. Click here to open a tool which will help you calculate your Advance tax liability. Click here for the link for Payment of Advance Tax online. Please ensure to give your correct PAN , Address ,
Advance Tax Calculator for AY 2020-21 Read More »
The following are the statutory obligations for the month of April 2018 [table id=21 /]
Statutory Obligations for the month of April 2018 Read More »
The following are the Statutory obligations for the month of January 2018. [table id=16 /]
Statutory Obligations for the month of January 2018 Read More »
As per Section 139 AA of the Income-tax Act,1961 , all the taxpayers are mandatorily required to link their PAN with their Aadhaar Numbers. The earlier due date was 31st August 2017, which was extended to 31st December 2017. In view of the representations received and also on account of the difficulties faced by the
Time limit for linking Aadhaar & PAN extended to 31st March 2018 Read More »
The Income-tax Department had recently made linking of Aadhaar & PAN madatory for assessees. A facility for the same was also introduced in the income tax efiling website www.incometaxindiaefiling.gov.in. Now the Income-tax Department vide its Notification No S O 1513(E) dtd 11th May 2017 has exempted the following assessees :- Persons residing in the States of
Exemption from Aaadhaar – PAN Linking Read More »
The Government of India had recently announced that the PAN numbers shall be linked to the Aadhaar mandatorily. Accordingly, the Income tax department had provided a facility in online efiling account , a facility to link aadhar card to the PAN. In most of the cases, as the Name of the Assessee as per PAN
HOW TO LINK AADHAAR TO PAN Read More »
If you have habit of making high value cash purchases (including jewellery/bullion) its time to shell out more money for your purchases. As per the recent Finance Bill 2017 (which is yet to be passed by the Parliament), you may have to pay TCS (Tax Collected at Source) @ 1% on your Cash purchases exceeding
ARE U MAKING CASH PURCHASES (INCLUDING JEWELLERY) EXCEEDING RS. 2 LAKHS? Read More »
The following are the various statotory obligations for the month of September 2016 :- [table id=14 /]
Statutory Obligations for the month of September 2016 Read More »
The following are the Various Statutory Obligations for the month of May 2016. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2016 is 5th of May 2016. In case of e-payment, the due date is 6th of May 2016. In case of payment by Challan
Statutory Obligations for the month of May 2016 Read More »
The Budget 2016 was presented in Parliament recently. The detailed analysis of Budget 2016 Tax Proposals is provided below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2016/03/budget2016.pdf”]
Budget 2016 – Tax Proposals Read More »
The Central Board of Direct Taxes (CBDT) has made significant changes in the requirement of submission of Permanent Account Number (PAN) in respect of certain specified transactions. As per new rule 114B, every person who enters into specified transactions shall quote his Permanent Account Number (PAN) in the documents pertaining to the transaction. The specified
New PAN Requirements Read More »
The Central Board of Direct Taxes (CBDT) has extended the last date of payment of Tax deducted at Source & Tax Collected at Source in respect of deductions or collections made during the month of November 2015 from 7th of December 2015 to 20th of December 2015 , in respect of deductors located in the
Last date for Payment of TDS (only for Tamilnadu) for Nov 2015 extended Read More »
The Income-tax Department has released the following e-filing utilities in respect of Tax Audit reports for the A.Y.2014-15 :- 1) Form 3CA-3CD – Audit Report under Section 44 AB of the Income-tax Act, 1961 in a case where the accounts of the business or profession of a person have been audited under any other law.
New e-filing Utility for filing Tax Audit Forms released Read More »
