Top 5 Points Remember while filing Income – Tax Return

Here We Have Mentioned Top 5 Points Remember while filing Income – Tax Return. 1st April 2019 is the beginning of the Financial Year 2018-19 like every year taxpayers are supposed to file Income Tax Returns by 31st July of the Financial Year. In that case here are some of the points that all the…

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8 Most Useful Documents For Filing Income Tax Return

1. Form16 On the off chance that you are a salaried person, this is one of the most vital documents for you to file your ITR. Xyz employee of an organization, says “Structure 16 is a TDS certificate issued to you by your employer to provide details of the payment paid to you and TDS…

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Income Tax AIR (Annual Information Return) Report

What is Annual Information Return (AIR)? ¬†According to the change to Section 285BA of the Income Tax Act, 1961, indicated substances (Filers) are required to outfit an Annual Information Return (AIR) in regard of determining budgetary exchanges enrolled/recorded by them amid the monetary year (starting on or after April 1, 2004) to the income tax…

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HIGHLIGHTS OF BUDGET 2019

Tax Benefit:  Tax nil up to Rs 500000/-.  Salary Std deduction raised from 40k to 50k. Deemed rental income exemption proposed on the second self occupied house.  TDS threshold increase from 10000/- to 40000/- under section 194A. TDS on rent increase from 180000/- to 240000/-. Section 54 limit can be claimed now in two houses. A capital gain of Rs 2 Cr once…

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Why Filing Income Tax Return for Businesses

Filing tax returns is a considerable errand, particularly on the off chance that you are a business proprietor and you need to deal with your business undertakings alongside filing your business tax returns. In any case, paying little respect to how dreary you discover filing your tax returns, it is essential that you record your…

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