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Substitution of new Section 80AC budget 2018 For section 80AC of the Income-tax Act, the following section shall be substituted, namely:–– (Section 80AC Applicable for Assessment Year 2018-19) Deduction not to be allowed unless return furnished. ‘80AC. Where in computing the total income of an assesses of any previous year relevant to the assessment year […]
STATUTORY COMPLIANCE DUE DATE FOR THE MONTH OF MARCH, 2018
Proposed to amend the section 44AE in Finance Bill (Amendment of section 44AE)
STATUTORY COMPLIANCE DUE DATE FOR THE MONTH OF FEBRUARY-2018 Due Dates of Income tax, GST, PF, ESIC, Professional Tax for the month of February-2018 DUE DATE CATEGORY (Income Tax and GST, PF, ESIC ) DESCRIPTION 10/02/2018 GST Monthly return for registered persons with […]
TAXATION ON DIVIDEND INCOME (Dividend income is taxable or not)
Provision of Presumptive Taxation scheme under sections 44AD, section 44ADA and section 44AE ,
Provision of Payment Advance Tax as per Income Tax Provision of Payment Advance Tax Advance tax means income tax should be paid inadvance instead of lump sum payment at year end. Advance Tax payments have to be made in installments as per due dates provided in Section 211 of Income tax act.
Cash Transaction Limit:- Section 269ST:- In budget (2017-18), the govt. of India has been passed through finance Act, 2017 and notified on 31-March-2017. On Rupees 2 lakh cash transaction limit have been provided in a new section in Income Tax Act as Section 269ST. Effected With effect from 1stapril-2017 A.Y-2018-19 Any person shall receive an […]
TDS Rates List for F.Y. 2017-18/A.Y-2018-19 as per Finance Act 2017
