Income Tax Archives - S S Rana & Associates

Income Tax Amendments Applicable from 01.04.2017

Posted on April 4, 2017 by ADMINLeave a Comment

Key amendment in Income Tax Act applicable from from 01.04.2017 (1) Limit for Cash Expenditure (both, capital and revenue expenditure) reduced to Rs 10k per day in aggregate per person, earlier same was Rs 20k . Capital expenses paid in cash

CBDT Extends Due Date of Filing Return of Income to 17 October

Posted on September 13, 2016 by ADMINLeave a Comment

The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September of the following year. The tax payers whose business receipts exceed Rupees

Income Tax Changes w.e.f, 01 June 2015

Posted on June 5, 2015 by ADMIN

Section 194C : TDS on Transporters No TDS will be deducted on payment to those transporters, Who : 1) owns 10 or less good carriages during the previous year and 2) furnishes the declaration for not owning more than 10 goods carriages at

Income tax forms simplified, date for filing returns extended to Aug 31

Posted on June 4, 2015 by ADMIN

NEW DELHI: The finance ministry on Sunday came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the last date of filing

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