Income Tax

Insertion of new section 80M Deduction in respect of certain intercorporate dividends.

Insertion of new section 80M  (Budget 2020) After section 80LA of the Income-tax Act, the following section shall be inserted…

6 years ago

Income Tax and GST/Indirect Tax Compliance Matters Due Date Extended || Chart of Extended Important Due Date

Finance Minister announces several relief measures relating to Income Tax and GST/Indirect Tax compliance matters across Sectors in view of…

6 years ago

What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income tax Act 1961? ||

The Income-tax Act 1961 does not prescribe any specific books of account for a person engaged in business or in…

6 years ago

What are the specified financial transactions in which quoting of PAN (Permanent Account Number) is mandatory?

What are the specified financial transactions in which quoting of PAN is mandatory? Rule 114B of Income tax rule -…

7 years ago

Key Highlights of Budget 2020 (Announcements) with copy of Union Budget

Key Highlights of Budget 2020 (Announcements) Budget Income Tax Announcements Income Tax Rate 10% income tax rate for Income between…

7 years ago