Priyanshi & Associates

27/06/2024

File your ITR for A.Y. 2024-25, before 31st July 24 👍🏻

26/06/2021

File your ITR for A.Y-2021-22.....
👍✌

09/02/2021

Custom Duty on Gold & Silver has been reduced in Union Budget 2021-22 from 12.87℅ to 10.75℅.

09/02/2021

🎯 Highlights of Union Budget 2021-22
👉 Direct Tax
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
3. National Faceless Income Tax Appellate Tribunal Centre
4. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
5. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
6. Propose to provide relief on advance tax liability on dividend income.
7. Propose to include tax holidays for Aircraft leasing companies
8. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
9. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
10. Late deposit of employee’s contribution by employer will not be allowed as deduction
11. Incentive to startup: Tax holiday exemption for one more year
👉 Indirect Tax
1. Duties reduced on various textile, chemicals and other products
2. Gold and Silver (BCD reduced)
3. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.

31/05/2020

IT-Return: CBDT issues Income Tax Return forms 1 to 7 for FY 2019-20.

For Filing Income tax Return..pl Contact me- 7983444310

Income Tax Return filing Start Now,feel free to contact me for any query

03/03/2020

GST New Return System...

22/02/2020

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There have been cases where GST assessees have paid taxes after due date but did not pay the interest due on account of delayed payment

15/02/2019

Budget 2019 Tax Updates | Highlights For Taxpayers

Net taxable Income up to Rs.5 Lakhs will be chargeable to NIL Income tax as deduction u/s 87A has increased from Rs.2,500 to Rs.12,500.

Standard Deduction under head salary has increased from Rs.40,000 to Rs.50,000.

Exemption for self-occupied house property increased from one house to 2 houses. However, deduction for interest under section 24 is limited to Rs.2,00,000 for both houses.