Now Income Tax Department started new facility of avail instant e-PAN online at free of cost. Those who have not PAN card can apply and avail e-PAN instantly at free of cost. What is e-PAN? e-PAN is a digitally signed PAN card issued in electronic format by Income Tax Department using Aadhaar … [Read more...] about How to avail instant e-PAN online at free of cost?
CBDT on 13th June 2018 announced the Cost of Inflation Index for FY 2018-19 / AY 2019-20. You may be aware that the base year was changed from the earlier FY 1981-82 to FY 2001-02. What is Cost of Inflation Index (CII)? It is a measure of inflation that is used for computing Long Term Capital … [Read more...] about Cost of Inflation Index for FY 2018-19 / AY 2019-20 for Capital Gain
We all know that effective from 1st April 2018, we have to pay tax on equity mutual funds if there is LTCG. However, the biggest task is how to calculate or identify the NAVs. To make your life simple, we can now download LTCG Tax Statement of Equity Mutual Funds.Effective from 1 April 2018, … [Read more...] about How to download LTCG Tax Statement of Equity Mutual Funds?
CBDT notified the ITR or Income Tax Return Forms AY 2018-19 (FY 2017-18). There are few major changes in these forms. Let us see in detail these changes and understand which form you can use.There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are … [Read more...] about Income Tax Return Forms AY 2018-19 (FY 2017-18) – Which form to use?
Which are the Best Tax Saving Options for 2018-19? What are the Best Tax Saving Options for Salaried for 2018-19?Financial Year 2018-19 already started. However, many of us sadly get up at the end to look for best tax saving options. Instead, it is always best to start tax planning for the first day … [Read more...] about Best Tax Saving Options for 2018-19
The Parliament passed the Payment of Gratuity (Amendment) Bill. This will increase the limit amount to Rs.20 Lakh from the existing Rs.10 Lakh. This is applicable for central govt employees and also private sector employees (organized sectors).Considering this new Payment of … [Read more...] about Gratuity – New Limit, Eligibility, Formula, Taxation and Calculator