This time well in advance, CBDT notified the forms for ITR AY 2020-21. You can download Income Tax Return Forms AY 2020-21. As of now, CBDT notified the ITR-1 (Sahaj) and ITR-4 (Sugam). The new ITR forms in PDF format are available. However, the excel utilities (or)...
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...
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...
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...
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....
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...
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...
From March 2019 onwards, income tax refunds will only be credited to bank accounts that are pre-validated in the e-filing portal. Only pre-validated accounts can be used in the income-tax return while e-filing. Effective from 1st March 2019, the income tax refunds...
Which are the Best Tax Saving Options for 2019-20? What are the Best Tax Saving Options for Salaried for 2019-20? Many of us have this confusion while saving the tax. Hence, let us understand the options available for us. Tax Planning is not so completely a bad...
CBDT notified the ITR or Income Tax Return Forms AY 2019-20 (FY 2018-19). There are a few major changes in these forms. Let us see in detail these changes and understand which form you can use. The new ITR forms in PDF format are available. However, the excel...
What is the latest TDS Rate Chart FY 2019-20 after the recent Budget 2019? How it will impact your earnings. What are the changes done during Budget 2019? Let us discuss these in detail. Let me first update you regarding the TDS changes proposed during Budget 2019. #...
Which are the Top 5 Best ELSS Tax Saving Mutual Funds 2019? How to choose them for your tax saving as well as for long term growth? Recently I wrote a post Top 10 Best SIP Mutual Funds to invest in India in 2019 and Best Debt Mutual Funds to invest in 2019 India. In...