Taxation & E-Filing Consultant

15/01/2025

https://teacherinfo.in/phone-pe-alert-20-k-fine-for-20k-above-transactions/

Transactions: Alert.. If you make transactions exceeding 20 thousand.. you will have to pay a fine of 20 thousand..!

19/12/2020

https://indianexpress.com/article/business/itr-filing-fy-2019-20-know-last-date-list-of-documents-required-to-file-an-income-tax-return-7109772/lite/

Income Tax Return (ITR) Filing 2019-20 Last Date, documents required: Have you filed your income tax return (ITR) for the financial year 2019-20 (FY20) yet? If the answer is no, then you must check this to know the documents required.

01/12/2020

https://www-news18-com.cdn.ampproject.org/v/s/www.news18.com/amp/news/india/all-important-dates-related-to-income-tax-returns-3131180.html?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D =16067561992090&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.news18.com%2Famp%2Fnews%2Findia%2Fall-important-dates-related-to-income-tax-returns-3131180.html%23aoh%3D16067561992090%26csi%3D1%26referrer%3Dhttps%253A%252F%252Fwww.google.com%26amp_tf%3DFrom%2520%25251%2524s

The usual date for filing ITR for the financial year of 2019-20 would have been July 31, 2020. However, the government has taken note and given some major concessions when it comes to filing your ITR due to the worldwide pandemic.

29/10/2020

https://telugu-news18-com.cdn.ampproject.org/v/s/telugu.news18.com/amp/news/business/personal-finance-putting-off-income-tax-return-filing-be-prepared-for-heavy-fines-mk-gh-646130.html?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D =16039414183532&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Ftelugu.news18.com%2Fnews%2Fbusiness%2Fpersonal-finance-putting-off-income-tax-return-filing-be-prepared-for-heavy-fines-mk-gh-646130.html

News18 Telugu Last Updated: October 28, 2020, 7:43 PM IST Telugu ఇన్‌కమ్‌Tax Returns ఫైల్‌ చేసే గడువును కేంద్ర ప్రభుత్వం మరోసారి పొడిగించింది. 2020-21 అసెస్‌మెంట్...

27/10/2020

https://www.livemint.com/money/personal-finance/income-tax-return-for-ay-2020-21-late-filing-of-itr-can-attract-rs-10-000-fine/amp-11603520642408.html

In normal circumstances, if the return is filed later than December 31, a late filing fees of ₹10,000 is payable.However amount of late filing fees to be paid cannot exceed ₹1,000, if total income does not exceed ₹5 lakh

27/10/2020

https://www-moneycontrol-com.cdn.ampproject.org/v/s/www.moneycontrol.com/news/business/personal-finance/itr-filing-date-for-ay20-21-deadlines-penalty-for-late-filing-of-income-tax-return-and-other-details-6012811.html/amp?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D =16037583389581&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.moneycontrol.com%2Fnews%2Fbusiness%2Fpersonal-finance%2Fitr-filing-date-for-ay20-21-deadlines-penalty-for-late-filing-of-income-tax-return-and-other-details-6012811.html

In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITR) for FY20 (assessment year 2020-21) to December 31, 2020. The deadline for those who are required to get their ITR audited has been extended to January 31, 2021 from....

16/08/2019

https://telugu-samayam-com.cdn.ampproject.org/c/s/telugu.samayam.com/business/income-tax/itr-filing-2019-seven-benefits-of-filing-your-income-tax-return/amp_articleshow/70672959.cms

income tax: మీరు ఆదాయపు పన్ను చెల్లిస్తున్నారా? అయితే మీకు పలు ప్రయోజనాలు ఉన్నాయి. ఐటీఆర్ ఫైలింగ్‌ రిసిప్ట్ పలు సందర్భ...

28/07/2019

https://www.livemint.com/money/personal-finance/itr-filing-for-ay-2019-20-don-t-miss-these-incomes-1563883342277.html

Even if you don’t have to pay tax on the income, you still need to report it.Even if tax is deducted on salary and TDS is paid on your interest income, you may still notice that there are some taxes due

27/07/2019

https://telugu-samayam-com.cdn.ampproject.org/v/s/telugu.samayam.com/business/income-tax/itr-filing-date-deadline-to-file-income-tax-return-for-fy2018-19-extended/amp_articleshow/70376532.cms?amp_js_v=a2&_gsa=1 =https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Ftelugu.samayam.com%2Fbusiness%2Fincome-tax%2Fitr-filing-date-deadline-to-file-income-tax-return-for-fy2018-19-extended%2Farticleshow%2F70376532.cms

income tax: కేంద్ర ప్రత్యక్ష పన్నుల బోర్డు పన్ను చెల్లింపుదారులకు ఒక తీపికబురు అందించింది. ఐటీఆర్ దాఖలు గడువు పొడిగి.....

23/07/2019

https://timesofindia.indiatimes.com/videos/news/cbdt-extends-itr-filing-deadline-to-august-31/videoshow/70351152.cms

CBDT extends ITR filing deadline to August 31. The Central Board of Direct Taxes (CBDT) has extended the due date for filing Income Tax Return (ITR) by individuals for the assessment year 2019-20 to August 31, 2019 from July 31, 2019. In a statement, CBDT said, "The 'due date' for filing income-tax....

30/06/2016

Who is required to file Income Tax return AY 2016-17 FY 2015-16.
___________________________________________________

1) Every Company :(Whether earn profit or loss)

2) Every Firm :(whether earn profit or loss)

3) Individual /HUF/AOP/BOI or artificial Judicial person :If Total Income plus Deduction under chapter VIA(Section 80C to 80U) and exemption under section 10,10B,10BA is more than maximum amount which is not chargeable under Income Tax Act.

4) Other :If income more than maximum amount which is not chargeable under Income Tax Act.

Maximum amount which is not chargeable under the Income Tax act or Exemption Limit for various person are as under

For very senior citizen (age 80 or more) :Rs 500000
For Senior citizen (age 60-80) :Rs 300000
For others (age less than 60) :Rs 250000
______________________________________________

Last Date of Filing Income Tax Return:

* 31st July – Last Date of Return Filling for non-audit cases
* 30th September – Last Date of Return Filling for audit cases