Income Tax Articles

Income Tax Slab Rates for FY 2020-21

CA Sanya Kapoor 06 June 2020 at 09:44

Concessional Income Tax Slab Rates for FY 2020-21 was notified by the FM in her Budget Speech. The new concessional tax rates can be availed without claiming certain deductions and exemptions.

ITR-4 AY 2020-21: 3 Key additions introduced

CA (CS) Ujjwal Jindal 05 June 2020 at 15:16

ITR-4 for AY 2020-21 is now available on the e-filing portal. Three key additions have been made in the new ITR-4.

HRA: All about house rent allowance

CA Sanya Kapoor 05 June 2020 at 10:24

HRA(House Rent Allowance) can be claimed as a tax deduction as per Section 10(13A) of the Income Tax Act 1961. The HRA can be claimed as a deduction after meeting the eligibility criteria.

Checklist for filing of ITR 1 of Financial Year 2019-20

CA Rahul Mittal 03 June 2020 at 18:16

ITR-1 for AY 20-21 has recently been notified on the e-filing website of the Income Tax Department.

How to file ITR(Income Tax Return) without Form 16?

Bhavesh Khanvilkar 03 June 2020 at 10:34

Income Tax Return(ITR) can also be filed without Form 16. One might be facing issues with Form-16 due to lockdown. Know how to file ITR without Form-16

Compliance - Due Date Chart Direct and Indirect Tax

Parth Shah 03 June 2020 at 10:34

Compliance - Due Date Chart Direct and Indirect Tax

TDS Section 194C | Payment to Contractor

CA Rakesh Negi 03 June 2020 at 10:34

The present article briefly covers the important provisions and recent changes relating to "TDS on Payment to Contractors", which is covered u/s 194C of the Income Tax Act 1961.

ITR 1 AY 20-21 key additions

CA (CS) Ujjwal Jindal 02 June 2020 at 16:00

ITR-1 for AY 2020-21 has now been made available on the e-filing portal. 3 Key additions have been made in ITR-1

Analysis of Income Tax Relief amidst COVID-19

Shrikant Toshniwal 02 June 2020 at 10:28

In the wake of COVID-19, the Finance Minister made various relaxations in Income Tax for the taxpayers. Various extensions were given for statutory compliance.

6 Key Changes in ITR Forms for AY 2020-21

CA (CS) Ujjwal Jindal 31 May 2020 at 20:49

New Income Tax Returns Forms for the F/Y 2019-2020 (A/Y 2020-2021) have been notified by the CBDT on 29th May, 2020. Know the changes made in the ITR Forms.