Income tax Arrears Relief Calculator U/s 89(1) From the F.Y.2000-01 to F.Y.2020-2021 With U/s 115BAC in the Budget 2020 With New Tax Regime or Old – What should you pick?

Introduce new Section 115BAC in 2020 budget In the 2020 budget, Finance Minister Nirmala Sitraman announced a new tax system to further reduce tariffs and tax rates. It has long been claimed by most taxpayers, but it took up the issue of removing all available exemptions and exemptions. To add to this confusion, the finance […]

Download Automated Excel Based Income Tax Deposit Challan 280 FY 2019-20 AY 2020-21

Prevent from Coronavirus

Excel Challan 280 FY 2019-20 AY 2020-21. Download Income Tax payment Challan No. ITNS 280  in Excel. This excel Challan 280 for payment of Income Tax should be used for making payment of income tax on companies (corporation tax) or income tax other than companies.   Please note that Finance Act, 2013 w.e.f. 01/06/2013, had inserted […]

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 the notification was released many […]

Banks cut branch timings amid total lockdown.

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, top lenders like State Bank […]

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

 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 announced much-needed relief measures in […]

Coronavirus: Why next 2 weeks are crucial

 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 epidemic,” Dr Gilada tells […]

Corona-virus outbreak ,Govt of India suspends all tourist visas until April 15

The health ministry said all travelers, including Indians who visited China, Italy, Iran, Republic of Korea, France, Spain and Germany, and arrived in India after February 15 shall be quarantined for a minimum 14-day period. Therefore, the government said on March 11 that it will suspend all tourist visas in a sweeping attempt to prevent […]