Tax Planning Articles
New income tax e-assessment system to kick off from next month; person with no PAN or e-filing account not eligible
A directive from the Central Board of Direct Taxes (CBDT) lays out the exceptions for the new system
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10 money things changing from September that you can’t ignore
The 10 things include TDS on club membership fee/car parking fee while buying home, 10-times traffic fines, online IRCTC train booking costlier, and TDS on over Rs 1 cr cash withdrawal a year
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Monetary limit for appeal by IT dept in income tax litigation hiked in ITAT, high courts and Supreme Court
There has been a substantial increase in limits to trigger appeal by IT dept. It’s Rs 50 lakh at ITAT level, Rs 1 cr at high courts and Rs 2 crore Supreme Court
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Now, you have time till August 31 to file FY19 income tax returns
Government has extended by 1 month the due date for filing IT returns by individuals and certain non-corporate assessees
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Modi 2.0 Budget: Income tax return filing is compulsory if you have done any of these 3 things
Budget has announced several steps to widen the tax net, mainly by tracking expenditure rather than just income declaration
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Modi 2.0 Budget: Affordable home owners can avail upto Rs 7 lakh tax benefit over 15 years
Income tax deduction on home loans has been increased by Rs 1.5 lakh to Rs 3.5 lakh per annum for houses valued up to Rs 45 lakh; benefit will be available on loans taken up to March 31, 2020
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Super-rich gets a jolt as Modi 2.0 Budget proposes a steep surcharge hike, taking peak income tax to 43%
The increase in surcharge on income tax for HNIs would affect ~60,000 assessees and raise additional Rs 15,000 crore to Rs 18,000 crore approximately
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6 changes in Income Tax Return forms for AY 2019-20 that you must know
Here we take a look at changes you need to know in the two most popular ITR forms: ITR-1 and ITR-2
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6 new changes for income tax filers this year
The Income Tax department has notified new IT return forms, which require us to give more information. Here are the key information to be provided in the new forms
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Here is how tax planning and financial planning go hand in hand
Here we tell you how to look at life stage based financial planning and how to combine it with tax planning
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