After notifying the income tax return forms for FY 2019-20, which reduced the number of individuals who can file the ITR-1, CBDT has now rolled back such restrictions. Here's a look at who can file a tax return using ITR-1 for FY 2019-20.
The income tax department, via its Twitter handle and emails, has been informing taxpayers about the important tax dates for the year 2020. Being mindful of these dates can help taxpayers avoid penal consequences.
According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
The income tax department has notified the income tax return (ITR) forms for FY 2019-20 on January 3, 2020.
As per new, revised rules, the interest rate on a PPF loan is charged at one percent per annum.
To be moneywise in the year 2020, here are 8 financial deadlines that you need to know about.
For the quarter ending March 2020, small savings schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC) will continue to fetch same interest rate. PPF will continue to earn 7.9 per cent during the quarter January to March 2020.
Unique Identification Authority of India (UIDAI), the Aadhaar number issuing body has launched the new version of the mAadhaar app that allows Aadhaar cardholder to access more than 35 services from his/her smartphone.
The year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from October 1 interest rate on all new floating loans has to be linked to any of the four external benchmarks.
The government has extended the deadline to link PAN with Aadhaar once again. The last time deadline was extended in September 2019 by three months to December 31, 2019. If the PAN is not linked with Aadhaar by March 31st, then PAN will become inoperative.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon