2018-19: Annual income tax returns by June 30, 2020

Finance Minister (FM) Ms. Nirmala Sitharaman announced that tax payers could file their annual income tax returns by June 30 instead of the March 31 deadline for the financial year that ended March 31, 2019.  In this year’s Budget announced on February 1, 2020, the centre …

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DUE DATE TO FILE INCOME TAX RETURN EXTENDED FY 2018-19, AY 2019-20 to 31st August, 2019..!

DUE DATE TO FILE INCOME TAX RETURN EXTENDED FY 2018-19, AY 2019-20 to 31st August, 2019..! The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of certain categories of taxpayers…

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TAX FILE The 4 transactions will be mandated to file ITR..!

The 4 transactions will be mandated to file ITR..! The amendment will take affect from April 1, 2020. Individuals carrying the following transactions will be mandated to file ITR: 1. Payments towards electricity consumption bill of more than Rs 1 lakh per year. 2. Making depos…

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19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons

19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons By Mr. Amit Kumar, Apnaplan.com Changes in Income Tax (IT) laws from April 2017 The financial bill 2017 (commonly known as Budget) has been passed by the Lok Sabha with some amendments. This bill deal…

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Mandatory Quoting of Aadhaar for PAN Applications & Filing Return of Income

Mandatory Quoting of Aadhaar for PAN Applications & Filing Return of Income Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of inc…

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How to show Capital Gains on sale of House in Income Tax Return

How to show Capital Gains on sale of House in Income Tax Return If you have sold house / flat, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc.   This article talk…

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