In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the
I discussing section 115 BAC of the Income Tax Act 1961, which has been introduced by the finance act 2020 with effect from the assessment
The provisions of Section 80 TTA of the Income Tax Act may read as follows: – Discounts in stores on savings account in accordance with
CBDT has issued a notice for giving exclusion under section 115 BAC: CBDT has issued a notice No.G.S.R.415E dated.26.06.2020 (Download Notification) for endorsement of certain
All the taxpayers are known that the New Tax System introduced in Budget 2020 U/s 115 BAC For the F.Y.2020-21. In this System, you can
The CBDT states that the employee can change the option of tax structure while filing the income tax return and the amount of TDS payment
In Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old
In the Budget 2020 introduced a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the
In today’s situation, where we watched different cheats identified with banks, in such a circumstance numerous individuals and mainly senior residents are moving towards the
Many individuals who are accepting income under the head salary ask about the strategies which can legally help in saving tax on salaried individuals. Is
List of Individual Tax Deductions F.Y 2020-21 under Old system U/s 115 BAC Let us currently discuss the list of personal tax deductions F.Y 2020-21
Introduction of the new tax regime in the Financial plan 2020, many are not confounded which are the Income Tax Derivations are accessible for them.
The Central Board of Direct Taxes (CBDT), via a notification dated October 1, 2020, has clarified that individuals selecting the new tax regime for F.Y
In the current situation, due to the arise of Covit-19, numerous individuals are purchasing Health Insurance approaches. Expenses paid on such arrangements are qualified for
In Financial plan 2020 present Another Tax Section U/s 115 BAC which can alternative basis as the taxpayers can give their choice whether they can
Tax planning is an important aspect of a financial plan. Whether you are a salaried individual, an expert or a businessman, you can spare taxes
Planning for your income tax or calculating your income tax liabilities seems to be a very daunting task for many of us. If you believed
According to the Income Expense Act, 1961, each Indian resident who wins over a certain edge of income is at risk to settle charges. Henceforth,
House Rent Exemption (HRA) is a second section which is found in every payslip after essential salary. This is the significant contributor in charge alleviation
Improved discretionary Individual tax system is presented with lower income tax rates for the persons who are prepared to forgo many tax refunds. 1. Standard
