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Income Tax

TCS on sale of Goods wef 01.10.2020

Hello, With Regards to new Provision regarding TCS on sale of Goods wef 01.10.2020, we would like to state as under:-Sub-section (1H) has been inserted in Section 206C by Finance Act, 2020…

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September 29, 2020
Income Tax

Old vs New income tax regime: Which one should you opt for

The Union Budget this year had offered an individual the choice of paying tax under the new tax structure with lower rates but foregoing deductions or continue paying tax under…

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May 23, 2020
Income Tax

Income Tax Deductions List FY 2019-20 for salaried employees

Income tax deduction list. SectionDescriptionMaximum Limit(in Rs) Commonly used 10(13A)House Rent AllowanceAs per calculations10(5)Leave Travel Concession or Assistance (LTC/LTA), extended by an employer to an employee for going anywhere in…

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January 20, 2020
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