by iCareTaker | Jul 24, 2019 | Blog
IS TAX FILING DUE DATE REALLY EXTENDED?? The due – date for filing Income Tax Return (for specified assesses*) of A.Y. 2019-20 was 31st July’2019. If an assessee fails to file his ITR by the due date he/she has becomes liable to pay the penalty under Section 234F...
by iCareTaker | Jul 5, 2019 | Blog
BUDGET’2019 IMPORTANT UPDATE Individuals having Net Taxable Income upto 5,00,000 will have no Income Tax by way of rebate. However, Basic Exemption limit stands at 2,50,000. Surcharge rates will be increased for individuals having income exceeding 2cr and 5 cr...
by iCareTaker | Jun 18, 2019 | Blog
IT REFUND FAILURE – REASONS AND HOW TO RECTIFY IT From March 1, 2019 Income tax department will issue only e-refunds and that too these will be credited only to bank accounts linked with PAN. In addition to that, you are also required to pre-validate your bank account...
by iCareTaker | Mar 11, 2019 | Blog
BIG RELIEF FOR TRADERS BEFORE THE END OF F.Y. 2018-19 In a big relief to traders, the government has notified three important changes to GST rules, including GST return filing and exemption limit deadlines and composition scheme limit. In a notification issued...
by iCareTaker | Jan 12, 2019 | Blog
GST COMPOSITION SCHEME – IN REAL ESTATE, A BOON OR A BANE? The real estate industry would benefit if the GST Council eliminates the levy of stamp duty and GST on real estate. At the 31st meeting of the Goods and Services Tax (GST) Council held in December, it was...
by iCareTaker | Jan 11, 2019 | Blog
32ND GST COUNCIL MEETING OUTCOME – 10TH JAN’2019 THRESHOLD LIMIT INCREASED FROM 20 LAKHS TO 40 LAKHS Effective from April 1st, the GST exemption threshold has been raised from Rs 20 Lakhs to Rs 40 Lakhs. For Hilly states and those in North Eastern states, the...
