Income Tax Articles

Due dates of Advance Tax for the FY 2020-2021

Posted by CA Rahul Mittal 15 June 2020 21049 Views

Apart from TDS and TCS, the Government collects taxes on a quarterly basis in the form of advance tax before the end of a financial year, ensuring constant flow of tax revenue during the year rather than at the year-end.

Deduction under 80D & Tips before investing in a health insurance plan

Posted by CA (CS) Ujjwal Jindal 10 June 2020 11281 Views

Section 80D| Deduction in relation to Medical Expenditure

The Tax Benefits of a Home Loan

Posted by CA Pooja Gurwani 09 June 2020 6781 Views

Buying a house is a dream for many and involves a lot financial planning. Home Loan journey can be quite eventful and confusing.

6 Key Changes in ITR Forms for AY 2020-21

Posted by CA (CS) Ujjwal Jindal 09 June 2020 32541 Views

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.

Income Tax Slab Rates for FY 2020-21

Posted by CA Sanya Kapoor 08 June 2020 14148 Views

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.

Section 45(5A) of the Income Tax Act- Analysis

Posted by SAGAR MALHOTRA 08 June 2020 10572 Views

Section 45 of the Income Tax Act, 1961 ('Act') is the charging section of the income chargeable under the head 'Capital Gains'.

Checklist for ITR-4 filing for AY 2020-21

Posted by CA Rahul Mittal 08 June 2020 12940 Views

ITR-4 for AY 2020-2021 has been notified on the e-filing portal. Every taxpayer shall file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2019-20) who furnishes the return either in ITR-1 or ITR-4.