Income tax returns (ITR) filing last date: In a surprise move today, the CBDT has extended due date for filing income tax returns for assessthe ment year 2018-19 for certain taxpayers by one month till August 31, 2018. The income tax website was down for many hours today and past few days too. Many users had […]
Basic updates about Income Tax Slab Rates for FY 2017-18: What is income tax: Revenue in the form of Income tax is the prime revenue of Indian Government.An income tax is a government tax collected from tax payers who earn various income or profits. Every Indian citizen/corporates who earns various income so as that it become tax paying necessary would
Step-by-step guide to file income tax return online through www.incometaxindiaefiling.gov.in : Income Tax Department gave a glimpse for 3 pages Income Tax Returns for AY 2017-18 and it will be issued very soon by Income Tax Department of India and IT returns filing will be initiated with the same effect. Some newbies are not knowing the procedure
Details and updates about Capital Gain Account Scheme: What is Capital Gains Account Scheme? Under Section 54 of the Income Tax Act provides exemption from tax on long-term capital gains arising out of sale of house if the gains are invested in purchase of another house either a year before or within two years from date of
One good news for Gujarat peoples: Income Tax e filling Due Date for Filing Returns in Gujarat has been Extended. It was earlier as normal 30th September 2013, but now it has been extended to 14th October 2013. The reason for such Income tax e filling due date extension is given as there is heavy
Every Assessee is allowed for deduction from the gross income for the payment made as per particular sections of the Income Tax Act, 1961. One of the example of such deduction is Medical based deductions which are given in Section 80D, Section 80DD, Section 80DDB & Section 80U of the Income Tax Act, 1961. Below