Corona-Virus

No extension of Financial Year clarifies Finance Minister of India

Coronavirus

The Ministry of Finance issued a clarification that the Financial Year has not been extended. The clarification was issued to clear the confusion about the extension of the Financial Year caused after a notification was released by the Government of India about the amendments in the Indian Stamp Act. After …

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Don’t cancel your IRCTC e-ticket! Full & automatic refunds on cancellation of trains to be provided

CORONA-VIRUS

Recently, IRCTC which is the official e-ticketing arm of the national transporter issued a statement saying that passengers have raised their doubts regarding the cancellation of e-tickets subsequent to the halting of passenger train services.  Cancellation of IRCTC e-tickets: With the cancellation of passenger train services due to the novel …

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Banks cut branch timings amid total lockdown.

Income Tax Return

Several banks have revised their operating times and suspended non-essential banking services because of the rising novel coronavirus (COVID-19) cases in India. Banking services like passbook updates, counter cheque collections have been restricted as the banks promote social distancing. With India under complete lockdown for 21 days to curb the spread of coronavirus, …

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ITR-GST RETURNS DUE DATE EXTENDED UP TO 30TH JUNE 20 TO THE TAX PAYERS & RELIEF IN TDS INTEREST RATES

Income Tax Return Filling

 The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman …

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Coronavirus: Why next 2 weeks are crucial

C.M.of Govt of West Bengal

 Dr Trupti Gilada, infectious disease specialist at the Unison Medicare and Research Centre, south Mumbai, spoke to earlier this week. Part 1: ‘We are in for a disaster in 2 weeks if we don’t…’Part 2: ‘Only get out of home for essential things’ “We aren’t extremely well prepared for the …

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Latest Income Tax Slab Rates FY 2020-21 (AY 2021-22) With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20 & A.Y. 2020-21

Income Tax Revised Form 16 Part B

What are the Latest Income Tax Slab Rates FY 2020-21 (AY 2021-22) after Budget 2020? Is there any changes to applicable tax rates for individuals? Let us see the details. Therefore, covered the Budget 2020 related posts and you may refer them for your better understanding. In this post, my concentration is to …

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Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y. 2019-20 in Excel

Income Tax Form 10e

Did you receive any advance salary or arrears of salary? If yes, Therefore, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their …

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