Jun 30, 2016

No Claim of Death within 45 Days in PMJJBY

Reserve Bank of India issued a circular no. 20 dated June 30 2016 about no claim will be entertained in case of death within 45 days of is...

7th Pay Commission Report Highlights and Excel Based Calculator

Government of India approves the recommendation by 7th pay commission and give a go ahead on 29 June 2016. The key highlights og 7th pay c...

Jun 29, 2016

Latest FVU Version 5.1 and FVU Extract 2.147 e-TDS Software Free Download

Tin.nsdl has launched latest file validation utility 5.1 and fvu extraction utility 2.147 on 28 June 2016. These are the latest version of...

Latest Return Preparation Utility RPU 1.6 for e-TDS statement

Tin.nsdl has launched latest version of return preparation utility RPU version 1.6 e-TDS statement preparation utility. RPU version  is in...

Jun 28, 2016

Clarification on Income Declaration Scheme and Form

As per Income Declaration Scheme, 2016, the declaration of income or income in the form of investment in any asset under section 183 shall...

Jun 27, 2016

Income Tax 15th Amendment and New Form 61B

CBDT has amended income tax rules as 15th Amendment rules with a notification no.  dated 20 June 2016. Full notification and new form 61B ...

Jun 24, 2016

Threshold Limit of Tax Audit u/s 44AB and 44AD

Section 44AB of the Income-tax Act (‘the Act’) makes it obligatory for every person carrying on business to get his accounts of any previo...

Jun 23, 2016

New Amendment in Income Tax Rule 114H

The rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. ...

Jun 2, 2016

Income Declaration Scheme Rule and Form 1, 2,3 and 4 Free Download

CBDT notifies full rule for Income Declaration Scheme 2016 and also notifies form 1, form 2, form 3 and form 4 for making declaration. Ful...

Jun 1, 2016

All About Krishi Kalyan Cess on Services

Finance Minister Mr. Arun Jaitley introduced Krishi Kalyan Cess on the budget 2016 which is levied on the value of taxable services at 0.5...

Reasons Why File Income Tax Return When Don't Have Taxable Income

Whether a return should be filed or not depends on your income level. When total income is within the minimum exemption limit, it’s not co...