ITR Forms for AY 2020-21 asks for new disclosures like – passport number, expenditure on foreign trips, electricity bill paid, cash deposited in account, tenant & employer details, etc…
7 New Disclosures in Income Tax Return Forms for AY 2020-21 Read More »
Finance Minister Piyush Goyal has proposed many changes in tax rules in Budget 2019. We present you 5 key changes that would impact all income tax payers. Increased Tax Rebate u/s 87A: While making the budget speech, Finance Minister said that people with taxable income of Rs 5 lakh would get full tax rebate. Many
5 Key changes in Income Tax Rules from April 1, 2019 that you must Know Read More »
Budget 2019 has made some changes to Income tax for individual – the highlight being full tax rebate for individuals earning below Rs 5 Lakhs. There has been no changes in the income tax slab. We highlight the changes and give you the new tax calculator for FY 2019-20 [AY 2020-21]. Changes in Income Tax Rules:
Income Tax Calculator FY 2019-20 [AY 2020-21] – Excel Download Read More »
Budget 2019 has taxed super rich more, made PAN & Aadhaar interchangeable, additional tax exemption on purchase of home and electric vehicle and some changes related to ITR & NPS
