[ad_1] The health ministry said all travelers, including Indians who visited China, Italy, Iran, Republic of Korea, France, Spain and Germany, and arrived in India after February 15 shall be quarantined for a minimum 14-day period. The government said on March 11 that it will suspend all tourist visas in a sweeping attempt to prevent the spread of corona virus as cases across India continued to rise. “All existing visas, except diplomatic, official, U.N./international organizations, employment, project visas, stand suspended till 15th April 2020,” the health ministry said in a…
Category: Income Tax Revised Form 16 Part B
Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U With Automated Income Tax Revised Form 16 Part A&B and Part B with Form 12 BA for F.Y.2019-20
[ad_1] The Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a differently abled person. Sections 80DD and 80U of the Income Tax Act deals with the medical expenditure incurred for this purpose. Though the working of these two deductions is same, according to income tax rules, these cannot be claimed simultaneously. Section 80DD and Section 80U of the Income Tax Act allows deduction for the medical expenses incurred for differently abled persons. The…
Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019
[ad_1] google-site-verification: googlecf757d27cbdf8063.html Automated New Revised Pension Form Single Comprehensive Form with all related papers for West Bengal Govt Employees as per Finance Notification No.416-F Dated 09/08/2019 – itaxsoftware.net As per the West Bengal Finance Department has changed the Pension Form Single Comprehensive Form in a new modified format vide Notification No. 416-F, Dated 09/08/2019.Some of the particulars added in this New Form, which will be more transparent. And also this Format will be required after 01/01/2016 as per the New 6th Pay Commission ( As per ROPA 2019) Download…
CBDT modifies Income tax Form 16 Part B With Automated Income Tax Revised Form 16 for F.Y. 2019-20
[ad_1] The Central Board of Direct Taxes (CBDT) have introduced a new Format for Form 16 and Form 24Q, which are referred as salary TDS certificate. From the looks of the new Forms it can be said that, claims under various sections have been enhanced and cumulative. Also, new columns and sections have been added in Form 16. New column is made for senior citizens and various allowances have been modified in Form 24Q. These two Forms are prepared by your employer, and include details of your salary and investments.…
Convert Numbers to Words/Text in Excel WITHOUT pasting macros again! – INWORD Excel Addin
[ad_1] This has been long overdue and I am happy that an Excel add-in that helps convert numbers to words or text is finally here. Just install this add-in and you can easily convert numbers to words in several popular currencies using relevant type of function INWORD. Unlike a painful process of pasting macros to do this job every time you open a new Excel workbook, once this add-in is installed on the computer user will never have to worry about the tedious coding job. Have a glance yourself what I…
Income Tax Department has revised Form 16 With Automated Income Tax Excel Based Form 16 Part B and Part A&B in Revised Format for F.Y. 2019-20
[ad_1] The amended form will come into effect from May 12, 2019. In other words,This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16 However,The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. The amended form will come into effect from May 12, 2019. For instance, This means the income tax returns for financial…
New Format of Form 16 for A.Y. 2019-20 With Automated Income Tax Master of Form 16 Part B for F.Y. 2019-20
[ad_1] The CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break up of the Tax-Exempt Allowances paid to the employee and also of all tax breaks claimed by them. In the previous format allowed the companies to give consolidated figures or break-up in different formats for both, thereby leaving some ambiguity regarding their individual composition. Several changes have been made in the format of the TDS certificate for the Assessment Year 2019-20, the new format of Form 16 will allow the Income Tax…
What is the utility of Income Tax Salary Certificate Form 16? Download Automatic Income Tax Revised Form 16 Part B for F.Y. 2019-20
Form 16 is an Income Tax form issued under section 203 of the IT Act for Tax Deducted at Source from an employee’s salary. Form 16 contains a detailed record of every tax deducted from the salary of the employee by the employer. · Therefore,Form 16 contains all details about salary paid by the employer, it contains salary structure, salary breakdown and the tax deducted from the employee’s salary. That’s why it is also called the Salary Certificate. Where can I get a Form 16? In other words, An employer…
Claiming tax relief on salary arrears? Don’t forget to file Form 10E With Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E in Excel from the F.Y. 2000-01 to F.Y. 2019-20
[ad_1] Receiving salary or pension in arrears might change your tax situation. You may fear it’s going to move you up a tax slab. Or tax rates may be higher in the year arrears are received as compared to the year to which they belong. To protect you from any additional tax burden, due to delay in receiving income, the tax laws allow a relief under Section 89(1). This relief can be directly claimed in your income tax return, if you have received any portion of your salary in arrears.…
Instant PAN through Aadhaar Card – How to apply for instant PAN?
[ad_1] Income Tax haslaunched the facility of issuing Instant PAN card through Aadhaar. Thisfacility is free and available on the Income Tax e-filing website. It is acompletely paperless process with the issuance of e-PAN card nearly real-time.The e-PAN card issue via this method holds similar value as a physical PANcard. This card contains a QR code. QR code holds complete information aboutPAN card such as Name of the holder, DOB, Father’s name as well as biometric.In order to get Instant PAN card all you need is Aadhaar card and linked…