Income Tax

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INDIVIDUALS / HUF / AOP / BOI No change in income tax rates, no increase in tax exemption Limit.First-time home buyers to get additional deduction of Rs 50,000 on interest for loan upto Rs 35 lakh. The cost of house should not be more than Rs. 50 lakh. Surcharge on income tax for those with…

Read More Changes in Income Tax for Filing Of Income tax return for AY 2017-18, FY 2016-17

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The Govt has proposed to make Aadhaar number mandatory for applying the PAN card as well as for filing of return through amendment in Finance Bill 2017 in Lok Sabha.Today ,in Lok Sabha ,Finance Minister has proposed various amendment in Finance Bill 2017.The new rules are proposed to be applicable wef01.07.2017. ​It is also proposed…

Read More AADHAAR MANDATORY FOR PAN AND ITR FILING CASH LIMIT RESTRICTED TO 2 LAKH

​ 1. If u accept 3L or more from same person in a day even against different bills section is violated 2. If u accept 3L or more from a person against one bill even on different days section is atracted 3. If u accept 3L or more from a person for a series of…

Read More New section 269ST applicability From AY 2017-18