Posted on: April 3, 2020 Posted by: admin Comments: 0

New Income Tax Regime – Structural Shift in Taxation under Income Tax Act as per the Budget 2020, Structural Shift in Taxation under Income Tax Act as per the Budget 2020 Where you Opt in Old or New?

Honorable Finance Minister (FM) Nirmala Sitaraman in her budget has introduced a new taxation regime under personal taxation. Instead of giving relief to all the Individual & HUF by increasing the tax slabs directly, Budget 2020 have proposed to introduce new section 115BAC in the Income Tax Act 1961 in which Individuals or HUF have been given an option to give up various exemptions and get advantage of lower tax…

Posted on: April 2, 2020 Posted by: admin Comments: 1

Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y. 2019-20 in Excel

Did you receive any advance salary or arrears of salary?Therefore, If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you need to know.  In other words, by now, you would have already figured out that…

Posted on: March 31, 2020 Posted by: admin Comments: 0

No extension of Financial Year clarifies Finance Minister of India

The Ministry of Finance issued a clarification that the Financial Year has not been extended. Therefore, the clarification was issued to clear the confusion about the extension of the Financial Year caused after a notification was released by the Government of India about the amendments in the Indian Stamp Act. After the notification was released many people misquoted it and a fake news was circulated on social media regarding the…

Posted on: March 30, 2020 Posted by: admin Comments: 0

Amount to Word Converter in Excel

Most of the Professionals mainly in Accounts related persons and who are working in computers mainly used in Excel, Therefore, they have needed these Excel Tools, which can easily Convert the Amount to In Words automatically. However, hope this Utility can help and reduce the time and errors of the spelling of in word typing. For Download the Same first you must Register in My Web Site where you can…

Posted on: March 29, 2020 Posted by: admin Comments: 0

The Truth About Vitamin D, Zinc, and Other Coronavirus Rumors

What might work, what probably doesn’t, and what’s flat-out wrong Here’s a lot of misinformation and half-truths going around right now about the novel coronavirus. That’s understandable — the virus is very new and doctors and scientists are still learning about how the infection works and best ways to treat it. Therefore, the news being reported about tests, symptoms, and treatments is conflicting at times, which is confusing. Plus, everyone…

Posted on: March 28, 2020 Posted by: admin Comments: 0

Emergency Fund of the West Bengal Govt for Donate against fight Coronavirus,it is humble requested to all of people to donate to the Chief Ministe’s Emergency Fund for fight against Coronavirus

https://m.facebook.com/story.php?story_fbid=943936599387338&id=100013130197527?sfnsn=wiwspmo&extid=b03TSdT5fIYiEpcd&d=n&vh=i Government of West Bengal Finance Department Budget Branch ORDER No. – 50-SB(SM)-20                                Howrah, the 23rd day of March, 2020 Subject: Constitution of the West Bengal State Emergency Relief Fund The State Government is required to take urgent steps to provide relief and assistance for combating emergencies which are not related to natural disaster. 2.  In order to effectively combat these unforeseen emergencies, it is decided to create “The West…

Posted on: March 27, 2020 Posted by: admin Comments: 0

How to Protect Yourself and Others from Coronavirus?

[ad_1] Older adults and people who have severe underlying medical conditions like heart or lung disease or diabetes seem to be at higher risk for developing more serious complications from COVID-19 illness. Know How it Spreads   There is currently no vaccine to prevent coronavirus disease 2019 (COVID-19). The best way to prevent illness is to avoid being exposed to this virus. The virus is thought to spread mainly from…

Posted on: March 27, 2020 Posted by: admin Comments: 0

Don’t cancel your IRCTC e-ticket! Full & automatic refunds on cancellation of trains to be provided

Recently, IRCTC which is the official e-ticketing arm of the national transporter issued a statement saying that passengers have raised their doubts regarding the cancellation of e-tickets subsequent to the halting of passenger train services. Cancellation of IRCTC e-tickets: With the cancellation of passenger train services due to the novel Coronavirus pandemic, passengers are now raising concerns over the refunds and cancellation of e-tickets. Recently, the Indian Railway Catering and…

Posted on: March 26, 2020 Posted by: admin Comments: 0

Banks cut branch timings amid total lockdown.

Several banks have revised their operating times and suspended non-essential banking services because of the rising novel coronavirus (COVID-19) cases in India. Banking services like passbook updates, counter cheque collections have been restricted as the banks promote social distancing. With India under complete lockdown for 21 days to curb the spread of coronavirus, top lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank are taking steps to ensure…

Posted on: March 26, 2020 Posted by: admin Comments: 0

The individuals can’t switch between old and new income tax regimes every year for the F.Y. 2020-21 as per the Budget 2020

[ad_1] Budget 2020 proposes to allow a taxpayer to choose between the existing income tax regime (availing benefits of tax exemptions and deductions) and a new tax regime (lower income tax rates with no tax exemptions and deductions) every year as per their convenience.   However, in order to be eligible to opt for the tax structure as per an individual’s convenience, there is one condition that must be satisfied. Condition…