ITR-GST RETURNS DUE DATE EXTENDED UP TO 30TH JUNE 20 TO THE TAX PAYERS & RELIEF IN TDS INTEREST RATES

[ad_1]  The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman announced much-needed relief measures in areas of Income Tax, GST, Customs & Central Excise, Corporate Affairs, Insolvency & Bankruptcy Code (IBC) Fisheries, Banking Sector and Commerce.The Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur was…

5-Step Guide to Help Choose Between Old Vs New Tax Regime as per New system of Income Tax by the Budget 2020

[ad_1] While under the old tax regime the salaried individuals can continue paying taxes, as they had been doing till now; under the new regime, they will be liable to pay lower taxes, provided they forego their deductions and exemptions.  Budget 2020 has given taxpayers an option to continue with the existing tax regime or opt for the new proposed tax regime. Employees today are conflicted as to which regime they should really opt for and why? While under the old tax regime the salaried individuals can continue paying taxes,…

How Corona Virus-19 Has Impacted Google Ads Results for 21 Industries [Data]

[ad_1] COVID-19 has evolved into a global event impacting public health as well as the economy. These are uncertain times, and we don’t have all the answers, but what we do know now is that small businesses have felt sudden changes in their campaign performance as a result of this worldwide pandemic. We’ve seen that global events often impact PPC performance, and COVID-19 is no exception. As businesses change their operations, people stay in their homes more, and the world reacts to a pandemic unfolding in real time—they turn to…

Coronavirus: Govt launches MyGov Corona Helpdesk

[ad_1] In a bid to make citizens aware of the coronavirus pandemic, the Centre has launched an official chatbot on WhatsApp. Called MyGov Corona Helpdesk, the WhatsApp chatbot can be used to resolve any queries related to Novel Coronavirus, or COVID-19. How to use MyGov Corona Helpdesk chatbot? The MyGov Corona Helpdesk can be used by all WhatsApp users for free.  Users just need to save the number — 9013151515 — in their contacts list and send a message to get a response. Apart from the MyGov WhatsApp Chatbot, the government has…

Coronavirus: Why next 2 weeks are crucial

[ad_1]  Dr Trupti Gilada, infectious disease specialist at the Unison Medicare and Research Centre, south Mumbai, spoke to earlier this week. Part 1: ‘We are in for a disaster in 2 weeks if we… [[This is a content summary only, visit www.itaxsoftware.blogspot.in for full links,other content,and more]] [ad_2] Source link

‘We are in for a disaster in 2 weeks if we don’t…’

[ad_1] ‘If we cannot handle an epidemic of that strata, (causing that kind) of excessive calamity, then we really have to prevent it.’ ‘If we become complacent in even preventing it, then we are in for a disaster.   IMAGE: A volunteer holds a placard to create awareness about COVID-19 at the Chhatrapati Shivaji Maharaj Terminus in Mumbai. Dr Trupti Gilada is an infectious disease specialist at the Unison Medicare and Research Centre, south Mumbai. She consults at the Prince Aly Khan hospital at south-central Mumbai. She trained at the…

‘Only get out of home for essential things’ Prevent from Corona-Virus

[ad_1] ‘Even after this epidemic gets over, we know that there are going to be months of effects on the economy and poverty.’ ‘A lot of things are catastrophic for people from the lower socio-economic classes.’‘Social distancing is going to start killing their day-to-day wages.’‘We are not even measuring that impact.’   “This coronavirus comes with a silver lining. At least, it will pep up people to take normal civic sense to a higher status. So that besides coronavirus we actually end up also fighting other diseases like flu and…

What is Janata Curfew: A curfew of the people, by the people, for the people to fight Corona – Virus. Please abide by the PM’s Request.

[ad_1] In an attempt to contain the spread of corona-virus, which has affected over 180 in India, PM Modi requested all the citizens to abide by the ‘Janata Curfew’ on March 22 from 7 am till 9pm. HIGHLIGHTS PM Modi, while addressing the nation on corona-virus outbreak, announced a ‘Janata Curfew’ on Sunday PM Modi requested all the citizens to abide by the ‘Janata Curfew’ on March 22 from 7 am till 9 pm During the Janata Curfew, people are requested to avoid public spaces and stay home for 14…

Income Tax Calculation FY 2020-21 – Which Tax Structure to Select? With Automated Income Tax Revised Form 16 Part A&B and Part B for F.Y. 2019-20

[ad_1] How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? According to Taxplan 2020, you can’t guarantee any assessment reasoning or exclusion on the off chance that you intend to pick a new Income Tax Slab. Along these lines, as an individual citizen on the off chance that you settle on the new assessment system with a decrease charge rate, you have to do without all tax cuts accessible today. Luckily, you have an alternative to proceed with old duty structure. A salaried individual can…

Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y. 2019-20 in Excel

[ad_1] Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you need to know.  By now, you would have already figured out that income tax is calculated on the total income of a taxpayer for a certain year. The income can either be in the…