[ad_1] Income Tax haslaunched the facility of issuing Instant PAN card through Aadhaar. Thisfacility is free and available on the Income Tax e-filing website. It is acompletely paperless process with the issuance of e-PAN card nearly real-time.The e-PAN card issue via this method holds similar value as a physical PANcard. This card contains a QR […]
Instant PAN through Aadhaar Card – How to apply for instant PAN?
[ad_1] Income Tax has launched the facility of issuing Instant PAN card through Aadhaar. Therefore, this facility is free and available on the Income Tax e-filing website. It is a completely paperless process with the issuance of e-PAN card nearly real-time. The e-PAN card issue via this method holds similar value as a physical PAN […]
India Govt gives permitted for Aadhaar-Voter ID linking
[ad_1] Aadhaar-Voter ID linking process gets the Modi government permitted. The Union Law Ministry has given its approval for Aadhaar Card Voter ID linking process, a proposal put forwarded by the Election Commission of India (ECI). The poll watchdog sought legal powers to resume the process of linking of 12-digit Aadhaar numbers with Voter ID. […]
New Format of Form 16 for A.Y. 2020-21 With Automatic Excel Based Income Tax Form 16 Part B and Form 16 Part A&B in Revised Format.
[ad_1] The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats […]
Every big transaction you make, the Income Tax Department will be watching you With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10e from the F.Y. 2000-01 to F.Y.2019-20 (Updated Version)
HIGHLIGHTS CBDT says it will make greater use of technology, data analysis and AI to comb through large transactions The CBDT chief said scaling up information gathering will enable I-T dept to offer pre-filled returns of income New Delhi: The income tax department will track more high-value transactions of individuals to ensure that these get reflected […]
Every big transaction you make, the Income Tax Department will be watching you With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10e from the F.Y. 2000-01 to F.Y.2019-20 (Updated Version)
HIGHLIGHTS CBDT says it will make greater use of technology, data analysis and AI to comb through large transactions The CBDT chief said scaling up information gathering will enable I-T dept to offer pre-filled returns of income New Delhi: The income tax department will track more high-value transactions of individuals to ensure that these get reflected […]
One can claim Tax Benefit on both HRA & Home Loan? With Automated Income Tax Preparation Excel Based Master of Form 16 Part B for F.Y. 2019-20
Would I able to guarantee Tax Benefit for both HRA and Home Loan? – An inquiry which is frequently posed by many citizens. This is for the most part on the grounds that numerous businesses don’t permit both tax cuts together in specific circumstances. Tragically this isn’t the correct activity. Both HRA and Home Loan […]
Free Download Income Tax All in One TDS on Salary for Govt & Non-Govt Employees for FY 2019-20 in Excel
Budget 2019 has made some adjustments to Income tax for individual – the highlight being complete tax rebate for people earning below Rs 5 Lakhs. There has been no adjustments within the earnings tax slab. 1. Rebate below Section 87A modified from Rs 2,500 to Rs 12,500 or 100% of income tax (whichever is lower) for individuals with profits underneath Rs five Lakhs (from Rs 3.5 Lakhs) 2. Standard Deduction raised for Salaried & Pensioners from Rs 40,000 to Rs 50,000 3. Increased Tax for […]
Joint Home Loan & Tax Benefits – Section 80C, 24 & 80EE and 80EEA With Automated Master of Form 16 Part A&B and Part B (Revised Format) for F.Y. 2019-20
A joint home advance is commonly taken to improve home advance qualification. In the event that your close relative is salaried or independently employed, the individual in question can be co-candidate for a home credit. So as to become co-candidate, he/she ought to be co-proprietor or joint proprietor of the property. As of late, […]
Additional Home Loan Tax Deduction in Budget 2019 U/s 80EEA With Automated Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y. 2000-01 to F.Y. 2019-20
Section 80EEA Budget 2019 proposes the insertion of section 80EEA to increase the benefit of Tax Deduction on the interest paid towards home loan up to Rs 45 lakhs for affordable housing. The additional tax deduction of Rs 1.50 lakhs is for the home loan taken up to 31st March 2020. The cumulative benefit would be Rs […]
