Income Tax News

The parameters for manual selection of returns for Complete Scrutiny during financial year 2019- 20 are as under.- (i) Cases involving...

In the recent times many people have started trading in intra day and future & options and the volume of...

After the budget announcement was made by Shri Piyush Goyal on 1st February 2019, many people were confused that do...

Depreciation rate used for section 32 of the Income Tax act is as follows: Depreciation in Income tax is to...

Before 4-5 years people used to receive notices from Income Tax Department via and post and from past 4-5 years...

In the budget Speech it was announced by our Finance minister that now people can quote their Aadhar number in...

Section 115QA was inserted by Finance Act 2013 to deal with buy back of securities but it only covered unlisted...

With Budget 2019 only two major amendments were made with regard to TDS: Under section 194A the limit for TDS...

Let’s discuss who can file ITR 1 and 4 and who cannot. Before starting with the details one must also...

When you see people winning 3,20,000 on KBC or when you win big on Dream 11 you might be having...

FAQ you must read before filing your return of income and providing some information: First let's talk about the questions...

Income Tax Slab Rate for resident Individual (i.e. men/women) below 60 Years of Age: Income Tax Slab Income Tax Slab...

As announced by the Finance Minister Nirmala Sitharaman in her budget speech on 5th July 2019, that Startup’s will get...