Category Archives: Income Tax

Income Tax

Mediclaim Policy | Section 80D Deductions for FY 2018-19 & AY 2019-20

Know About Mediclaim Policy & Deduction Under Section 80D

Know About Mediclaim Policy & Deduction Under Section 80D. Deduction for Medical Insurance Premium 2019 U/s 80D,  Things You Should Know About A Mediclaim Policy & Deduction Under Section 80D. Mediclaim policies are the talk of the day. They help you financially when you fall ill. But, you also need to know details about the mediclaim […]

BitCoin Taxation – What is BitCoin, RBI Warnings on BitCoin Currency

BitCoin Taxation

BitCoin Taxation in India: Bitcoin is an innovative payment network and a new kind of money. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the […]

Section 44 ADA – Presumptive Tax Scheme for Professionals

Section 44 ADA - Presumptive Tax Scheme for Professionals

Section 44 ADA: Presumptive Tax Scheme for Professionals. Difference Between Section 44AD & 44ADA, Presumptive Income Computation System for Professionals. What is Presumptive Taxation Scheme under Section 44AD of Income Tax Act. Analysis of Section 44ADA of The Income Tax Act, 1961. Everything to know about Presumptive Taxation for Professionals. All About Section 44ADA. In this article we provide complete […]

Cost Inflation Index for AY 2019-20, FY 2018-19 (Detailed Explanation)

Cost of Inflation Index

Cost Inflation Index for AY 2019-20, FY 2018-19 for Long Term. Capital gain is the profit you make on selling an asset. It can be stock, real estate, mutual funds, jewellery etc. If you are selling an asset after one year from the date of its purchase, the profit becomes a short term capital gain. If […]

Income Tax Slab Rates AY 2019-20, FY 2018-19, Income Tax Rates 2019

Income Tax Slab Rates

Income Tax Slab Rates AY 2019-20, FY 2018-19, Income Tax Rate 2019 & All Past Years. Income Tax Rate for Individuals for AY 2019-20. All Assessees are required to file income tax return each year if they have taxable income of more than Rs.2.5 lakhs. The income tax rates AY 2019-20 or FY 2018-19 for salaried […]

Income Tax Due Dates January 2019, Direct Tax Calendar Jan 2019

Income Tax Due Dates

Income Tax Due Dates January 2019, Direct Tax Calendar Jan 2019. check various income Tax Due Dates for the month of January 2019. due date for 44ab ay 2018-19. Due date for Tax Audit us 44ab. Extended due date of filing of returns of income and audit report under Section 44AB for the assessment year 2019-20 which […]

Interest Expenses – Deduction & ITS Assessment under Income Tax Act

Interest Expenses

Interest Expenses – Deduction & ITS Assessment under Income Tax Act: The Income-tax Act, 1961 (hereinafter “the Act”) provides detailed provisions to claim a deduction of expenses incurred for earning business income. Sections 30 to 36 of the Act deal with deductions for computing profits and gains of business or profession and also prescribes certain […]

TDS on Rent – New Amendment, Terms, Due Dates, Rates, Person who Liable

TDS on Rent

TDS on Rent – Terms, Due Dates, Rates, Person who Liable. Complete Details for TDS on Rent. Find Full Details for TDS on Rent. As per section 194 I of Income tax act 1961 ,TDS on rent has to be deducted where the aggregate amount paid or credited or likely to be paid or credited to […]

Income Tax Benefits for Senior citizens, Benefits for Senior Citizens

Income Tax Benefits for Senior citizens

Income Tax Benefits for Senior citizens, Benefits for Senior Citizens under Income Tax Act. Detail of benefits for Senior Citizens under Income Tax Act for the financial year 2018-19. In budget 2018 the finance minister announced some special tax benefits for Senior Citizens. Income Tax Benefits for Senior citizens Definition of Senior Citizen- A person becomes […]

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19

Tax Audit Due Date Extended

Tax Audit Due Date Extended to 31.10.2018 for AY 2018-19. CBDT extends due date for filing of Income Tax Returns & audit reports from 15th October 2018 to 31st Oct 2018 for all assessees liable to file ITRs for AY 2018-19 by 15.10.2018, after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remain. […]