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Who can be eligible to use/file ITR 2
Who can be eligible to use/file ITR 2 For A.Y 2018-19, Form ITR 2 can be used by an individual and Hindu Undivided Family. Who is not eligible to file ITR-1 Sahaj and not having income from “profit and gains of business or profession”. Also not
Income Tax (8th Amendment) Rules, 2018
Income Tax (8th Amendment) Rules, 2018 On the 20th July 2018, the Government of India has issued a Notification in which the new amendments are applied in the Income Tax rules. The said amendments have to be referred to as “Income Tax (8th Amendment) Rules, 2018”. Following
Reporting of GST in Tax Audit
Reporting of GST in Tax Audit The time period of the filing of the income tax return is near. So, the tax audit is also be done in this time period. While doing the Tax Audit, we require to fill the information regarding the GST.
Who can file ITR-1 SAHAJ
Who can file ITR-1 SAHAJ The time for filing the ITR is now too close and time is very little. Every year, many youngsters start their earning and are confused regarding the filing of the ITR. There are So many formats for filing the return,
Supreme Court Judgement on Multinational Accounting Firms
Supreme Court Judgement on Multinational Accounting Firms The writ petition was filed against the order dated 3rd August 2015 of the High Court of Karnataka in the Supreme Court. The petition before the High Court seeking direction for the exercise of power under Section 21 of the Chartered
Calculation Under Section 80D
Calculation Under Section 80D People love the people near them and care about them. And for that reason, people mostly take the medical insurance for the loved ones to keep them more safe and secure. The medical insurance can cover the cost of the expenses incurred on
Calculation of Deduction u/s 80C, 80CCC, 80CCD
Calculation of Deduction under Section 80C, 80CCC, 80CCD The taxpayers have the tendency of making inappropriate assumptions regarding the deductions to be claimed under the Income Tax Act. While Calculating the deduction the taxpayers think in their benefits and miscalculate the deduction amount. But while
Section 80U of Income Tax Act
Section 80U of Income Tax Act Section 80U is the very important Part of the deduction available to Individual and HUF form their gross Income. Section 80U provides the deduction for the person with the disability in the previous year. Following is the bare act of Section
Section 80TTB of Income Tax Act
Section 80TTB of Income Tax Act Section 80TTB is the very important Part of the deduction available to Individual and HUF form their gross Income. Section 80TTB provides the deduction for the interest on deposits in case of senior citizens as the taxpayer in the previous year. Following
Section 80TTA of Income Tax Act
Section 80TTA of Income Tax Act Section 80TTA is the very important Part of the deduction available to Individual and HUF form their gross Income. Section 80TTA provides the deduction for the interest on the deposits in the savings account by the taxpayer in the previous year.
Income Tax ComplianceSection 80RRB of Income Tax Act
Section 80RRB of Income Tax Act Section 80RRB is the very important Part of the deduction available to Individual and HUF form their gross Income. Section 80RRB provides the deduction for the royalty received for the patents by the taxpayer in the previous year. Following is the bare
Section 80QQB of Income Tax Act
Section 80QQB of Income Tax Act Section 80QQB is the very important Part of the deduction available to Individual and HUF form their gross Income. Section 80QQB provides the deduction for the royalty received for the books(Other than Text Books) by the taxpayer in the previous year. Following