CBDT notified the Cost of Inflation Index FY 2019-20 AY 2020-21 for Capital Gain on 12th September 2019. You may be aware that the base year was changed from the earlier FY 1981-82 to FY 2001-02. Change in the Base year for Capital Gain Indexation In Budget 2017, the Government proposed to change … [Read more...] about Cost of Inflation Index FY 2019-20 AY 2020-21 for Capital Gain
Tax Planning
How to verify ITR without login to e-Filing Account?
How to verify ITR without login to e-Filing Account? Once you file the ITR, then the last step fo completing your ITR is to verify your ITR. IT Department now launched a facility of verifying ITR without login to e-Filing Account.Earlier we used to take the printout of the ITR-V we filed, sign … [Read more...] about How to verify ITR without login to e-Filing Account?
Budget 2019 – TDS on Life Insurance Maturity Amount
We all feel our LIife Insurance Maturity is always tax-free. But many of us unaware that the Government introduced the TDS on Life Insurance Maturity Amount and increased the same during Budget 2019.Hence, let us understand the applicable TDS on Life Insurance Maturity Amount.Before … [Read more...] about Budget 2019 – TDS on Life Insurance Maturity Amount
Full Budget 2019-20 Key Highlights and Changes
Finally, the Full Budget 2019-20 is presented by the Finance Minister. Let us see the highlights of the same. What are the Full Budget 2019-20 Key Highlights and Changes?Major changes were already done during the interim budget. Hence, there are no big changes to it. However, certain changes … [Read more...] about Full Budget 2019-20 Key Highlights and Changes
Budget 2019-20 – Tax Incentive for affordable housing under Sec.80EE
A full-fledged budget was presented by Finance Minister on 5th July 2019. During this budget, there is a certain additional tax incentive for affordable housing were proposed. Let us see the benefits.A new section under Sec.80EE of the IT Act has been inserted in the Union Budget 2019-2020 … [Read more...] about Budget 2019-20 – Tax Incentive for affordable housing under Sec.80EE
Income Tax Refund Status AY 2019-20 – How to check online?
Income Tax Refund Status AY 2019-20 - How to check online? Once you file your IT Return, then may of taxpayers breathlessly look for their IT Refund. If the refund not happened within taxpayers expectation, some may feel sleepless nights :)Let us understand the process of how the Income Tax … [Read more...] about Income Tax Refund Status AY 2019-20 – How to check online?