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Showing posts with the label Income Tax Department

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Reliance Jio IPO: India's Biggest IPO Coming Soon? Valuation, ARPU, and Latest News

  New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process.   Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
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Settle by July 31, these 5 important tasks like investing and submitting Form 15G / 15H to get tax exemption

Due to the lockdown implemented in the country due to Corona, people are facing many problems. In view of this, the government changed the last dates of several financial operations. The last date for these operations was extended until 31 July. In such a situation, if you have not done these tasks till now, then you must definitely tackle them by July 31, otherwise, you may have problems. We are telling you about these works.   In order to get a tax exemption, the Income Tax Department had extended the last date of filing ITR from 31 July to 30 November for the investment fiscal 2019-20. At the same time, to save tax, the deadline for investing under Section 80C, 80D, 80E of income tax was extended till 31 July. If you have not invested anywhere yet for tax saving, do it as soon as possible.   Submit Form 15G / 15H, Form 15G / 15H is filled to avoid TDS deducted on income tax. Due to the coronavirus lockdown, the government has extended its date to 31 July 2020. Form ...
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CBDT changes form 26AS | Income tax payers will be able to fill returns easily

The Central Board of Direct Taxes of the country has made a major change to provide relief to the income taxpayers. Now taxpayers will also have to see Form 26AS (26AS) while filing the return for this assessment year. This form will contain additional details on the financial transactions of taxpayers. If you want to get detailed information about this form, then you can check the website of Income Tax Department with the help of your Permanent Account Number ie PAN Card. Explain that earlier Form 26AS used to have information about source deductions (TDS), additional tax, refunds, TDS defaults, but taxpayers can also view Statement of Financial Transactions. This means that now taxpayers will also get to see the details of all major transactions in their income tax returns. According to information provided by the Central Board of Direct Taxes, Form 26AS will be effective from June 1, 2020. CBDT stated that all information related to financial tra...
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Income tax department has issued new ITR forms with many changes, returns have to be filled by 30th November

The Income Tax Department has released the Income Tax Return Form (ITR Form) for the financial year 2019-20. For this, the government has also issued a notification. The last date to fill the ITR form for the financial year 2019-20 is 30 November. The department has issued 7 different forms this time. These include ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, ITR-6, ITR-7 and ITR-V (verification) forms. The Income Tax Department had earlier withdrawn Form 1 and Form 4 to include changes in tax rules due to the COVID19 epidemic. The Income Tax Department has given information about the new forms by tweeting. Taxpayers will have a separate space in each ITR form to provide details of expenses or investments made during the quarter ended 30 th   June. Add caption Who else has to fill the ITR form? ITR 1 Form: Citizens with an income up to Rs 50 lakh can fill this form. This includes income from salary, a house and interest. ITR 2 Forms: ITR 2 F...
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