All You Need To Know About E-Assessment by Legal Advice - 13 hour ago | 1 The Finance Ministry has planned to launch an e-assessment system from October 8, 2019, for taxpayers. The system will enable faceless and nameless assessments for income taxpayers. However, to avail of the services related to e-assessment, a taxpayer must have an e-filing account or a PAN card with him or her to participate in the e-assessment process. Read more 0 0
Important Income Tax Updates Included In The Budget of 2019-20. by Legal Advice - 13 hour ago | 1 No Income tax for individuals with Annual Taxable Income of upto Rs. 5 lakh. No change in Income Tax Slabs. Surcharge increased by 3% for individuals with Income of Rs. 2-5 crores and by 7% for income more than Rs. 5 crores. Aadhaar card can now be used interchangeably for PAN card. Thus, you no longer need PAN to file income tax returns. Read more 0 0
Tax Slabs For Firms And Domestic Companies For FY 2019-20 by Legal Advice - 13 hour ago | 1 Income Tax for turnover upto Rs. 400 crores- Firms- 30%, Domestic companies- 25% Income Tax for turnover above Rs. 400 crores- Firms- 30%, Domestic companies- 30% Surcharge- Firms-12% of income tax in case the total income exceeds Rs. 1 Crore. Domestic companies-7% of tax in case income is more than Rs. 1 Cr but less than Rs. 10 Cr. 10% of tax when income is more than Rs. 10 Cr. Read more 0 0
An Overview Of The Income Tax Slabs For Individuals by Legal Advice - 14 hour ago | 1 Upto 2.5 lakhs- No Tax. Above 2.5 lakhs to 5 lakhs- 5% + 4% cess. Above Rs. 5 lakhs to Rs.10 Lakhs- 20% + 4% cess Read more 0 0
