10 Significant Features of e-assessment Framework – A new mechanism

The CBDT has issued instructions dated 12 February 2018 in relation to conduct of e-assessment. Emanating from the earlier instructions dated 29 September 2017 as well as the current instructions. 1. Enquiry in Eloctronic mode Enquiry before assessment in terms of section 142(1)(ii) of the Income tax Act, 1961 (Act) shall be issued in electronic … Read more

Cabinet Approves New Accounting Regulator – NFRA

Cabinet approved today Fugitive Economic Offenders Bills 2018. The bill will be presented in Parliament in the next session. The cabinet has also approved establishment of National Financial Reporting Authority. Here is the press released by GOI on 1st March 2018. Press Released (Dt. 1st March 2018) Cabinet approves Establishment of  National Financial Reporting Authority … Read more

Tax Calendar 2018 – GST & Income Tax Due Dates March 2018

Tax Calendar 2018, Income Tax – GST Deadlines: Find all the income tax & GST due dates, last dates, deadlines for the period from 1-4-2017 to 31-3-2018 (F.Y.2017-18). The due dates includes all TDS Returns, TDS Statements, income tax returns, income tax payments & TDS certificates along with form name and period. The assessee can … Read more

Know Your PAN by DOB, Name & Mobile 2018

Sometime you find difficulty to find your PAN number i.e forget your PAN number, lost PAN number and want to know PAN online by one click. So you can do this only by entering your date of birth, sir name and mobile number. It is a service itself provided by income tax department officially. Here … Read more

How to Apply for Voter ID Card online – A Step by Step Guide

For a country like India, Voter ID card serves as an important document of identification. Irrespective of whether you are buying a new sim card or buying a house, Voter ID card is a must. The Election Commission of India (ECI) has recently simplified the process to register for Voter ID cards by taking the … Read more

4 Aadhar Linking Deadlines That You Shouldn’t Miss

The Government of India has been constantly focusing on using Aadhar Card as a comprehensive tool for identifying individuals. Be it your mobile number or your bank account, now everything needs to be linked to the Aadhar number before the given deadline. For people who are unaware of the exact date, here is what you … Read more

Filing of Tax Audit & ITR (AY 2017-18) Due Date Extended

Income Tax Department has extended the due date for filing of income tax return (ITR)/Tax Audit Report for the assessment years 2017-18 (Finanican Year 2016-17) from 31st October 2017 to 7th November 2017. The notification has not yet published by the department. Income Tax Department has tweeted about it. The order no. F.No.225/270/2017/ITA.II has also … Read more

Income Tax India: Over 14000 Properties of Rs.1 Crore Under Scanner

The page is exclusively for updates of Income tax India like Income tax news, income tax notices, income tax notifications, income tax circulars and all updates on one page. You can bookmark this page to visit daily. You can also subscribe your email ID to get free tax updates directly in your email Inbox. Income … Read more

Important Websites for Tax Payers & Tax Professionals

Here is the list of all important websites links which are useful for tax payers and tax professionals. Website Website Name Link  GST  Official Website of GST www.gst.gov.in GSTN Goods and Service Tax Network www.gstn.org CBEC Central Board of Excise and Custom www.cbec.gov.in Service Tax  Service Tax  www.servicetax.gov.in Income Tax Income Tax India www.incometaxindia.gov.in Income … Read more

Tax Audit Limit for Businesses & Professionals A.Y.2017-18

In this article, we will discuss about compulsory tax audit of accounts for A.Y.2017-18. You can find here tax audit limit for businesses, tax audit limit for professionals for assessment year 2017-18 and previous years. Some visitors have lots of confusion about tax audit limit for A.Y. 2017-18 and A.Y. 2018-19 because there are lots … Read more

Depreciation Rates Chart under Companies Act 2013

Rates of Depreciation under Companies Act 2013 Depreciation Rate Chart – as per part “C” of Schedule II of Companies Act, 2013 after making following assumptions: The useful life to computer depreciation of the asset has been taken as per Part C of the Schedule II The residual value of an asset has been taken … Read more

9 Easy Steps to Calculate Your Tax Liability

Here are 9 very easy steps to calculate your taxable income and income tax on taxable income. The persons who are confused to calculate their tax for A.Y. 2018-19 & A.Y.2017-18 should read the following article to calculate your income tax very easily with step-by-step guide. If you have any doubt regarding the calculation of … Read more

Income Tax Slab for 2018-19, 2017-18 & 2016-17

The page is exclusively for income tax slab for A.Y. 2018-19, A.Y. 2017-18 & A.Y. 2016-17. You can also download income tax slabs in PDF format. Download here income tax slabs in PDF format Income Tax Slab (A.Y. 2018-19) Income Tax Slab (A.Y.2017-18) Income Tax Slab A.Y. 2016-17 Check How to calculate tax liability? Check … Read more

Register & Login on incometaxindiaefiling.gov.in Easily with Images

In this article we will discuss about incometaxindiaefiling.gov.in registration and login procedure. You can also check the procedure about of to get new password in the case of forget password on incometaxindiaefiling.gov.in. When it comes to handling information based websites such as http://incometaxindiaefiling.gov.in/, it is important that people are well aware of the registration and … Read more

8 Legal Ways to Save Tax Effectively

Today everyone in the economy wants to save himself from paying taxes or to decrease their tax liabilities.  Now to save tax paying in Indian economy the Income Tax Act grants many deductions which a person can claim at the time when he/she is filing Income Tax Return. These deductions are for all type of … Read more

NSC Interest Rate, Application, Tax Benefits & More

National Saving Certificate is an investment option by which an individual can invest his disposable income with a purpose to attain development for his saving and also tempt people to have a habit of saving. It is deliberate attempt by government to raise funds required by government for its projects, through which one can indirectly … Read more

TDS on Salary: Easy Way to Calculate TDS on Salary

The most confusing concept in whole TDS is “TDS on Salary” as readers always asked questions about the topic. In this article, we will cover all the topics related TDS on salary like how to deduct TDS on salary, how to calculate tds on salary, deposit TDS, submission of statements, time of deduction, annual salary … Read more

Never Forget to Consider Interest Income in Income Tax Return

Generally people forget to include interest income while filing for an income tax return. The interest income which an individual earns is to be added under the head other sources i.e. the residual head. Interest income is over and above from your income under the head salary, business, profession and house property etc. Interest is … Read more