Tag Archives: Income tax

Direct Taxes Ready Reckoner (42nd Edition A.Y. 2019-20 & 2020-21) Taxmann

By | April 15, 2019

Direct Taxes Ready Reckoner (42nd Edition A.Y. 2019-20 & 2020-21) by Dr. Vinod K. Singhania (Author) The main features of the book are: Amendments made by the Finance Bill, 2019, are duly incorporated in respective Chapters of the Reckoner and are appropriately highlighted. Comprehensive analysis of amendments with illustrations is given separately in Reference 2: Amendments at a glance. Law stated in this… Read More »

Yearly Tax Digest & Referencer (48th Edition) Taxmann : Income tax

By | April 15, 2019

Yearly Tax Digest & Referencer (48th Edition) Taxmann : Income tax Volume 1A Section -wise Case Book of Judgments of Supreme Court/High Courts reported in www.taxmann.com in year 2018Also Incorporating: Section -wise Compendium of Circulars issued by CBDT during 2018 Text of Notifications issued during 2018 Volume 2A Section-wise Case Book of Decisions of Income… Read More »

Cash Limits for Bank Accounts by Income Tax Department

By | April 13, 2019

Cash Limits for Bank Accounts by Income Tax Department नकद सीमा [Video ]Cash Receipt Limit in Income Tax w.e.f 01.04.2017 :section 269ST : News [ Part 16] : TaxHeal.com Limit &; Penalty on Cash Transaction w.e.f 01.04.2017 -Income Tax ( India) Section 269ST ; Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017 Restricting… Read More »

74 Changes in Income Tax Return 2019

By | April 13, 2019

Changes in Income Tax Return 2019 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms applicable for the Assessment Year 2019-20. These ITR Forms will be applicable for filing of income-tax return in respect of income earned during the previous year 2018-19 (between 01-04-2018 to 31-03-2019). The new forms incorporate… Read More »

Income Tax Benefits for Small Businessmen in AY 2020-21 (FY 2019-20)

By | April 12, 2019

Income Tax Benefits for Small Businessmen in AY 2020-21 (FY 2019-20) [As amended by Finance Act, 2019] S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from eligible business on presumptive basis under Section 44AD provided turnover or gross receipts of eligible business does not exceed Rs. 2 crore (Subject to certain conditions).… Read More »

Income Tax Benefits available to Salaried Persons in AY 2020-21

By | April 12, 2019

List of benefits available to Salaried Persons [AY 2020-21] / FY 2019-20 [As amended by Finance Act, 2019] S. N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received b) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi… Read More »