The all new Income Tax Return Forms for AY 2019-20 have been released. The ITR forms ITR-1 and ITR-4 have also been made available for e-filing.
The forms introduced this year seek more details about the income as compared to previous years.
Here's a list of all the changes tha..
On 18th March 2019, 131 CAs voiced against the contention made by 108 economists through an open letter. This news got the attention of the media and hashtag #CAsForNation was trending all over.If you have missed the story, here’s a summary of what had happened-A few days ago, 108 economists h..
In the recent announcement in the Interim Budget on 1st February, the
Honorable Finance Minister had announced an increase in the tax rebate to Rs. 5,00,000.
Since, the announcement there has been a lot of confusion with regards to the type of tax concession it is. Whether it is an increase..
The 32nd GST Council Meeting was held today at New Delhi. As always, there were give speculations and expectations in the industry from the FM Arun Jaitley that he would bring great reforms for businesses that will increase the ease of doing business in India.
Let's have a look at the c..
Income from the gain on sale of shares was exempt until FY 2017-18. From the current FY 2018-19 the same has become taxable w.e.f 1st April 2018. Therefore, in the upcoming tax filing, the tax will be calculated according to the revised provisions.
The provisions w.r.t to tax on sale of shares ha..
The provisions of ICAI Act, clause 39(4) states that a student has the right to verification of marks subject to totalling and marking error. It specifically restricts re-examination of answer scripts, which is re-checking of the answer scripts by any other examiner other than the original examiner...