No Due Date Extension for filing Income Tax – CBDT CBDT – extension in due date for non-tax audit cases is fake and there are no such plans to extend this deadline beyond 31st July, 2018 CIRCULAR No.4/2018 F.No.370889/25/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 21st July, 2018 This Circular is … [Read more...] about No Due Date Extension for filing Income Tax – CBDT
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INCOME TAX
Paying Rent over Rs.50,000 pm – Deduct 5% TDS
Paying Rent over Rs.50,000 pm - Deduct 5% TDS Are you an Individual*/HUF* paying rent over ₹50,000 per month? Deduct & Deposit 5% TDS (*except those liable to audit under clause (a) and (b) of section 44AB of the I.T. Act, 1961) Deposit the TDS through e-payment or at authorised bank branches! Deduct TDS @5% of the rent for year, at the time of credit/payment of rent … [Read more...] about Paying Rent over Rs.50,000 pm – Deduct 5% TDS
Long Pending issues & ongoing agitation – Income Tax Employees and Officers’ Associations
Long Pending issues & ongoing agitation – Income Tax Employees and Officers’ Associations Long Pending issues & ongoing agitation – Income Tax Employees Federation and Gazetted Officers’ Associations No. 2/2018-19 Dated, 9th July, 2018 To The Presidents/General Secretaries of all the Units/Circles of ITGOA and ITEF Dear Comrades, Sub : Long Pending issues … [Read more...] about Long Pending issues & ongoing agitation – Income Tax Employees and Officers’ Associations
Filling of Income Tax Returns by Government Employees
Filling of Income Tax Returns by Government Employees Income Tax : Filling of Returns by every Government Servant P.N.DEVADASAN, IRS Principal Commissioner Phone: 8547000030 Chennai 19/06/2018 To The Drawing & Disbursing Officer O/O Dy. Director of IT(INV) Unit III 139, IOC Bhavan I Floor IOC Bhavan, Nungambakkam High Road, Nungambakkam, Chennai – 600034 Dear … [Read more...] about Filling of Income Tax Returns by Government Employees
New Income Tax Forms for AY 2018-19 – CBDT Notification
New Income Tax Forms for AY 2018-19 – CBDT Notification Ministry of Finance CBDT notifies Income Tax Return Forms for Assessment Year 2018-19 The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited … [Read more...] about New Income Tax Forms for AY 2018-19 – CBDT Notification