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6 दिन बाद 'बेकार' हो जाएगा आपका PAN Card, ध्यान रखें ये 5 जरूरी बातें 24/06/2020

📈30 जून तक लिंक नहीं कराने पर पैन कार्ड को रद्द माना जाएगा और यह बेकार हो जाएगा !!
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6 दिन बाद 'बेकार' हो जाएगा आपका PAN Card, ध्यान रखें ये 5 जरूरी बातें लिंक नहीं कराने पर इनकम टैक्स ऐक्ट की धारा-139AA के तहत आपका पैन इनवैलिड हो जाएगा.30 जून तक लिंक नहीं कराने पर पैन कार्ड क...

Wipro’s New Chief Thierry Delaporte is India’s highest-paid IT CEO 23/06/2020

📈Highest Paid IT CEO☢️

Wipro’s New Chief Thierry Delaporte is India’s highest-paid IT CEO Wipro, India's fourth-biggest IT exporter's Chief Executive Officer designate Thierry Delaporte could earn up to Rs 40 crore per annum, according to a Business Standard report. This will make him one of the highest-paid CEO's at an Indian IT firm. Last month, Delaporte, former chief operating office...

Why banks are rejecting the loan requests? 15/06/2020

Why banks are rejecting the loan requests? With covid-19 taking a toll on people’s jobs and income, lending institutions, including banks, have put in place stricter lending criteria. We tell you what these norms are and what you can do to avoid getting your loan application rejected. Tightened norms Before sanctioning a loan, banks take i...

Delhi firm hired to audit PM CARES Fund 14/06/2020

Delhi firm hired to audit PM CARES Fund The auditor has been appointed for three years and the fund will be audited at the end of a financial year. Delhi-based chartered accountancy firm SARC & Associates has been hired to audit the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund. ...

Photos from CA COACH INDIA's post 26/11/2018
30/08/2018

🤔What happens if you miss tomorrow’s ITR filing Deadline 🕛??
The deadline to file income tax return (ITR) was extended by a month to August 31. If you still have not filed your return, it is important that you do it on time due to the changes introduced in last year's Budget.
However, if you still delay filing your ITR, here are your options:

Until the last assessment year (AY), i.e., AY 2017-18 there was no penalty for filing belated income tax returns. However, this penalty is applicable from AY 2018-19. A new section 234F was inserted by the government into the Income Tax Act. As per this section, an individual would have to pay a fee of up to Rs 10,000 for filing income tax return after the due dates specified in section 139(1) of the Act.

As per the amendments made in the Finance Act 2017, taxpayers are liable to pay a fee of Rs 5,000, if their tax return for the financial year 2017-18 is filed after the return filing deadline (i.e., July 31, 2018) but before December 31, 2018.The fee payable will increase to Rs 10,000, if the tax return is filed on or after January 1, 2019.However, if the total income of the taxpayer is less than Rs 5,00,000, the fee amount shall not exceed Rs 1,000,” says Amarpal Chadha, Tax Partner & India Mobility Leader, EY.
However, it is important to note that if you have any unpaid tax liability, then a penal interest on the same would be levied, as applicable to your case, if you have filed a belated return.
But if no tax is payable, the taxpayer won't be liable to pay this interest solely due to the belated filing of ITR for FY17-18.
If the income tax department on assessing your return raises demand for additional tax payment, then you would have to pay penal interest on that tax as well as the additional tax. Therefore, it is advisable to file your return on time.

02/08/2018

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