Balanced Accounting

26/04/2021

02/02/2020

Highlighted to Budget 2020 today by Nirmala sitaraman as under ..

1. income tax slab A.Y. 2020-21

Income upto 5 lakh is nill
5 to 7.5 lakh is rate 10%
7.5 to 10 lakh is rate 15%
10 to 12.5 lakh is rate 20%
12.5 to 15 lakh is rate 25 %
15 lakh to ... Is rate is 30%

2. There is no 80c deduction claim when the income tax payer follow the new system of flat taxation.

3. When the taxpayer want to claim the 80 c decuction then he would be followed the old system of income taxation.

10/04/2018

*LATE FEE ON DELAY IN FILING INCOME TAX RETURN FOR THE YEAR ENDED 31ST MARCH, 2018 (Asst.Yr: 2018-19) for non audit cases* :

1. If Return filed during 01/04/2018 – 31/07/2018 : Late Fee NIL

2. If Return filed during 01/08/2018 – 31/12/2018 : Late fee Rs. 5000 (Five Thousand)
If total income does not exceed Rs.5 Lakhs then this Late fee will be restricted to Rs.1000 only.

3. If Return filed during 01/01/2019 – 31/03/2019 : Late Fee Rs.10000 (Ten Thousand).
If total income does not exceed Rs.5 Lakhs then this Late Fee will be restricted to Rs.1000 only.

Better to Get your ITR filed by 30/06/2018
to avoid last moment panic due to any technical problem such as AADHAR mismatch, server problem, personal problem, etc.

TIME FOR LINKING AADHAAR WITH PAN IS EXTENDED TILL 30.06.2018

18/10/2017

Breaking News

Due to GSTR3B, Gstr2, Tran-1, Tax Audit ,TDS Q2 return date, ROC annual return due dates, Modi Govt. has extended Diwali by one month. Now diwali will be on 19th Nov. 😋😜

08/10/2017

Major ammentments in GST

12/08/2017

Buzy buzy🤕
Back to back Due Dates till November:

15 Aug Service Tax Return Q1
17 Aug DVAT return Q1
20 Aug. GSTR3B July 17
1- 5 Sep. GSTR1 July 17
6-10 Sep. GSTR2 July 17
11-15 Sep. GSTR3 July 17
15 Sep Advance Tax FY 17-18
16-20 Sep. GSTR1 Aug 17
Upto 20 Sep. GSTR3B Aug 17
21-25 Sep. GSTR2 Aug 17
26-30 Sep. GSTR3 Aug 17
28 Sep GST Tran 1 form
30 Sep Tax Audit and Companies ITR FY 16-17
1-10 Oct. GSTR1 Sep 17
11-15 Oct. GSTR2 Sep 17
18 Oct GST return Q2 Composition Regn
16-20 Oct. GSTR3 Sep 17
Oct/ Nov month ROC annual filing
31 Oct TDS Return Q2
1-10 Nov GSTR1 Oct 17
11-15 Nov GSTR2 Oct 17
16-20 Nov GSTR3 Oct 17

31/07/2017

Facebook can handle million of users continuously,
but Income Tax can't..!😆😉
~ Sarcasm ~
👉 Imp for All
Income Tax return filing date for FY 2016-17 is being extended till 5th August 2017.