Income Tax

ITR-1 & ITR -4 E-Form For FY 2019-20 Now Available

The income tax department has released the ITR-1 & ITR-4 (e-form) on its e-filing website. Those form also available in Excel and Java formats for offline return. One point to note about the latest ITR-1 form is that it allows individuals to claim the deductions on tax-saving investments made between April 1, 2020 and June …

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Govt Extends I-T Deadlines Due To Coronavirus Impact

We are all facing a major problem not only our country or state but also The Whole World faces problems. The Whole world are going through Lock down due to Corona virus. So at that time, we can’t follow our daily activity routine regularly. The month of March is very important because of Financial Month. …

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Income Tax Department Allows More Time To File TDS

The government has extended the validity of forms 15G and 15H that the assessees submit to banks to claim exemption from Tax Deducted at Source (TDS) on interest income till June 30. To mitigate the hardships of taxpayers, the CBDT issues orders u/s 119 of IT Act, 1961. Income Tax Department Allows More Time To File …

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Tax Saving Time Extension From 31st March 2020 To 30th

The government on 24 March 2020 announced that deadline of March 31, 2020 for the FY 2019-20 had been extended to 30th June 2020 to complete their tax-saving exercise for FY2019-20. Tax Saving Time Extension From 31st March 2020 To 30th June 2020 For The FY 2019-20 The persons will be legible for deduction u/s 80C …

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