Category: Income Tax

Compulsory audit of accounts (Section 44AB) According to Income Tax  Act 1961 compulsory audit of account  need in case of annual turnover exceed Rs. 1 crore in any previous year … Read More

Extension of time limit for filing Income Tax Return for A Y 2019-20 Government of India Ministry of Finance Department of Revenue  Central Board of Direct Taxes has extended date … Read More

Compulsory Complete Income Tax Scrutiny Guideline F.Y 2020-21 F.No.225/126/2020/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA-II Division)                                                                         … Read More

Deduction 80 DDB A Y 2021-22  Deduction in respect of medical treatment, etc (Section 80DDB and Rule 11DD) Essential conditions for claiming deduction under this section Deduction is available to … Read More

Deduction 80DD A Y 2021-22 According to Income Tax Act 1961 Section 80DD is for treatment of a dependent in respect of disability.  Deduction in respect of maintenance including medical … Read More

Deduction 80D A Y 2021-22 According to  Income Tax Act 1961 Section 80D also popular section among assessee Section 80 D  also claim by mostly assessee Deduction in respect of … Read More

Deduction 80C AY 2021-22 According to the Income Tax Act 1961 Section 80C   is most popular section  claim 80%   by the assessee. Section 80C  80% of the claim of the … Read More

  What is marginal relief? According to the Income-tax Act, 1961, a marginal relief is given to assesse whose taxable income is beyond the threshold limit after which surcharge is … Read More

What is the rebate for AY 2021 -22 ? According to Income Tax Act 1961 an assesse compute total income from five head of income Income from Salary Income from … Read More

Rates of Income Tax co-operative society and company for Assessment year 2021-22 According to Income Tax Act 1961 an assesse total income taxed as per relevant assessment year income tax … Read More