Category Archives: Tax Updates

Discussion on Section 80TTB under Income Tax Act

Discussion on Section 80TTB under Income Tax Act

Discussion on Section 80TTB under Income Tax Act Section 80TTB There are several questions arises after proposing to insert the section 80TTB as per finance bill 2018. I want to resolve some of these questions which are came into my knowledge, so before discussing questionnaire we have to read something about section that what the […]

Consequences of Non-Filing of the Income Tax Return

Consequences of Non-Filing of the Income Tax Return

Consequences of Non-Filing of the Income Tax Return 31st March’ 2018: The last date for Income Tax return u/s 139(4) for Financial Year 2015-2016 & 2016-2017. Many people have a query that what will happen if we do not file the Income Tax Return by the aforementioned deadline. There are many benefits of filing the […]

UP VAT under Section 32 ex party rules and regulations

UP VAT under Section 32 ex party rules and regulations

UP VAT under Section 32 ex party rules and regulations Power to set aside the exparte order of assessment or penalty: (1) In any case in which an order of assessment or re-assessment or rejection of application for registration or order of penalty is passed expert, the dealer may apply to the assessing authority within […]

links for update pan or adhaar

Update PAN Details To update your PAN details please visit NSDL portal https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html Update Aadhaar Details To update your Aadhaar card details please visit UIDAI portal https://ssup.uidai.gov.in/web/guest/update

CBDT further extends the time for Linking PAN with Aadhaar from 31st December 2017 to 31st March 2018.

CBDT further extends the time for Linking PAN with Aadhaar from 31st December 2017 to 31st March 2018.

Direct Tax Collections for F.Y. 2017-2018 show Growth of 18.7% up to 15th January, 2018

The provisional figures of Direct Tax collections up to 15th January, 2018 show that net collections are at Rs. 6.89 lakh crore which is 18.7% higher than the net collections for the corresponding period of last year. The net Direct Tax collections represent 70.3% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 […]

UNION BUDGET 2018 HIGHLIGHTS – DIRECT TAXES

TAX RATES No change in tax rates and basic exemption limit Tax rates continue to be same for A.Y. 2019-20 as applicable for A.Y. 2018-19. Further, there is no change in the basic exemption limits. Health and Education Cess  “Education Cess on income-tax” @2% and “Secondary and Higher Education Cess on income-tax” @1% is […]

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