Budget 2018-19 Highlights of Income Tax Proposals The Finance Minister has presented the Union Budget 2018 today in Lok Sabha. The major highlights of his Income Tax Proposals are as under, more shall be updated as soon as they are announced. For Income Tax benefits/exemptions given in Interim Budget …
Rebate under section 87A for Assessment Year 2019-20 – No changes proposed No changes have been proposed by the Finance Bill 2018 in the rebate u/s 87A for AY 2019-20 100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> The …
Income Tax slabs and rates for the AY 2019-20 FY 2018-19 No changes have been proposed in either Individual tax rates or slabs for the AY 2019-20. The slabs and rates shall remain the same as are currently for the AY -2018-19 which are as under: (A) Individual resident aged …
EPF contribution for women employee reduced to 8% in Budget Proposal 2018-19 presented by the Finance Minster. Details shall be updated as soon as the Budget Documents are made available
Income Tax Rule 8D is prospective in operation and could not apply to any assessment year prior to AY 2008-09 – Supreme Court settles the law ABCAUS Case Law Citation: ABCAUS 2188 (2018) (01) SC Important Case Laws Cited/relied upon by the parties: Commissioner of Wealth Tax, Meerut Vs. Sharvan Kumar Swarup & Sons, …
KSCAA registers protest on use of CA name in income tax refund scam. Press release of the Income tax had alleged CA as the accused in the scam Karnataka State Chartered Accountants Association (KSCAA) in a letter written to the Principal Chief Commissioner of Income Tax Bangalore, has …
