ITR-6 & ITR-7 utilities are modified to fix bugs identified while filling Schedule FSI and TDS. These issue fixes has no impact on XML schema which remains same and for those taxpayers where these schedules are not relevant. For those taxpayers who are entering data in these schedules, it is requested that they may download […]
Income tax department is launching ‘e-Filing Lite’, a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers. The same can be accessed by clicking ‘e-Filing Lite’ button in home page. The current e-Filing portal having all the services can be accessed by clicking on ‘Portal Login’ […]
22/07/2019 ITR-2 & ITR-5 utilities are modified to fix bugs identified while filling Schedule FA in ITR-2 (Java utility), Partners information is ITR-5 (Java utility) and Part A-General answer to Investment Fund query in ITR-5 (Excel utility). These bug fixes has no impact on XML schema which remains same and for those taxpayers where these […]
Relevant Year: – Financial Year 2018-19, Assessment Year 2019-20. The due date for filing Income Tax Returns for Financial Year 2018-19 is coming closer and there are a lot of changes made to the Income Tax Forms. Here we have briefly explained the various changes that have taken place in the Income Tax Return Forms […]
CBDT extends due date for filing of TDS statement in Form 24Q The Central Board of Direct Taxes (CBDT) had earlier notified amended Form 24Q for filing TDS statement by deductors of tax vide Notification No. 36/2019 dated 12th April, 2019. Subsequently, the File Validation Utility (FVU) for online filing of Form 24Q was updated […]
Under Income Tax there is limit on cash payment imposed by Sec.40A(3) in this we can not make any payment in excess of Rs. 10,000. For more information refer below attachment.
There are some amendments in Direct Taxation regarding Income tax return for F.Y. 2018-19, so we tried to present summarize details regarding the same. Refer the below attachment for more details.
June, 05th 2019 The Income Tax department on Tuesday extended the deadline for employers to issue Form 16 TDS certificate for Financial Year 2018-19 to its employees by 25 days i.e. till July 10. However, the extension would leave the salaried taxpayers with a limited time-frame of just 20 days to file their income tax […]
