Honoring the honest

•

0 j'aime•202 vues

The Taxpayer’s Charter governing the duties of the Income Tax Department and expectations from a Taxpayer has been released by CBDT on 13th August 2020. It is one of the main pillars of “Honoring the Honest” initiative.

Économie & finance

Contenu connexe

Plus de Tax 2win

Public Provident Fund is simply defined as Exempt, Exempt and Exempt (EEE) as it offers exceptional tax benefits to its subscribers under Section 80C. This popular long-term investment scheme was launched by the Government of India offering financial security with reasonable interest rate and returns that are fully exempt from tax. Lock-in Period: 15 Years Return: 7.9% (Currently) Investment Amount: Minimum:- Rs 500 Maximum:- Rs 1,50,000

Public Provident Fund (PPF) India

Tax 2win

What is the additional benefit your NPS investment can fetch?

Tax 2win

Tax2win will explain to you how you can generate customized rent receipts for free in less than 2 minutes, to claim HRA tax exemption. What is the actual benefit of Rent Receipts? Many companies provide House Rent Allowance(HRA) to employees for meeting the cost of living in rented accommodation. HRA is one of the biggest tax-saving avenues as the complete amount of HRA is not taxable. The least of the three amounts are tax exempt - Actual HRA received Rent paid less 10% of Salary 40% of Salary (50% of Salary in Mumbai, Delhi, Chennai, and Kolkata)

How to generate Rent Receipts ? for FY 2018-19 | AY 2019-20.

Tax 2win

आय-कर अधिनियम की धारा 234F

Tax 2win

What is Rebate u/s 87A It is a benefit which is provided to lower income group in their tax amount up to a "prescribed" limit. For availing this benefit , your income must be up to Rs. 3,50,000 during F.Y17-18. Note: This is an additional benefit provided over and above the benefit of basic exemption limit to the small taxpayers. What is the amount? For FY 2017-18 & FY 2018-19, the amount of rebate shall be lower of : Tax payable or Rs 2,500 For Example : If your income is up to Rs. 3,50,000 then you will get rebate of Rs.2500. Consequently, your tax liability would be zero. Who can Claim Rebate u/s 87A ? A. An individual whose total income is up to Rs. 3.5 lakhs is eligible to claim benefit u/s 87A. Here, total income means the sum of all incomes after deductions u/s 80. AND B. Another thing to be kept in mind is that rebate u/s 87A is available only to a RESIDENT INDIVIDUAL. Who cannot take benefit of Rebate? The following assesses cannot claim the rebate u/s 87A even if their total income is below Rs. 3,50,000 : 1. NRI 2. HUF 3. FIRM 4. COMPANY 5. AOP 6. BOI

Income Tax Rebate Under Section 87A

Tax 2win

Tax table

Tax 2win

1. E-Verification Guide (A simple guide to e-verify your return online) .in Step 2: Select “e-File” "My Account " and in the drop-down menu select “e-Verify Return”. 3. Step 3: Upon selecting the above option, you’ll get the below screen: 4. Step 4: To e-Verify your return, you have 3 options: Option 1: ‘’I already have an EVC to e-Verify my return” if you already have an EVC generated with you. When you select this option, then a pop will appear asking for EVC. Enter your EVC there and click on submit to complete the e-verification process. Generating Bank EVC through ATM You also have the option to generate EVC through Bank ATM. Go to Bank ATM>Swipe ATM card and enter ATM PIN> you will find the option of “Pin for Income Tax Filing”>Select this option>EVC will be sent to your registered mobile number and email id>Use this EVC in the above mentioned Option 1. Only SBI and Axis bank providing this facility. 5. Option 2: ‘’I do not have an EVC and I would like to generate EVC to e-Verify my return” if you want to generate EVC through which your return will be e-verified. When you select this option, then three options will appear through which you can get EVC. 6. (A) Through Net Banking You will land on the below page if you select the “Net Banking” option. Click on “continue” and a list of banks will appear (next slide) from which select your bank. 7. After selecting bank from the below list, you will be redirected to the homepage of your Bank’s Net Banking page OR you can Login into your Net Banking Account and you will find Income Tax option there. Select it and login to e-filing through the same option to complete the process of e-verification of your ITR.. 8. (B) Through Bank Account Number Click “Pre validate your Bank Account” to proceed. 9. Fill the below required details and click on “continue” to generate EVC. 10. (C) Through Demat Account Number Click “Pre validate your Demat Account” to proceed. 11. Fill the below required details and click on “continue” to generate EVC. 12. Option 3: ‘’I would like to generate Aadhaar OTP to e-Verify my return” if you want to e-Verify your return through your Aadhaar Card. OTP will be sent to the mobile number registered with your Aadhaar. Enter the OTP to complete the e- verification process. 13. Log-on to www.tax2win.in Thank You! Note: You can generate EVC directly also if your Gross total Income less deductions is Rs 5 lakhs or less and there is no refund. OTP will be send to your registered Mobile number and Email ID. Further , Matter that can be added for e-verification of prior year ITRs i.e. after explaining all 3 options : Recently , income tax department has started the facility for e-verification of prior year ITRS for which the time limit of 120 has lapsed. The process for e-verification of those ITRs is same as explained above , just the difference is marked by mentioning the reasons for the delay. However, be careful while selecting the reason.

e-verification-guide

Tax 2win

New ITR Forms

Tax 2win

Payment of Gratuity Act, 1972

Gratuity ppt final

Union Budget 2017

House Rent Allowance

E-verification guide for Income Tax Return

Tax 2win

Plus de Tax 2win (13)

Public Provident Fund (PPF) India

What is the additional benefit your NPS investment can fetch?

How to generate Rent Receipts ? for FY 2018-19 | AY 2019-20.

आय-कर अधिनियम की धारा 234F

Income Tax Rebate Under Section 87A

Tax table

e-verification-guide

New ITR Forms

Payment of Gratuity Act, 1972

Gratuity ppt final

Union Budget 2017

House Rent Allowance

E-verification guide for Income Tax Return

Dernier

Economics Presentation-2.pdf xxjshshsjsjsjwjw

mordockmatt25

Pension dashboards forum 1 May 2024 (1).pdf

Henry Tapper

FE Credit and SMBC Acquisition Case Studies

NghiaPham100

Group 8 - Goldman Sachs & 1MDB Case Studies

NghiaPham100

Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...

janibaber266

fundamentals of corporate finance 11th canadian edition test bank.docx

ssuserf63bd7

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...

kajalverma014

Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements

marketingkingdomofku

Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them

360factors

Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields. Falcon is a web platform that turns invoices into cash advances in a simple, fast and reliable way; Falcon platform allows investors to diversify their portfolio with a short-term alternative investment, characterized by full transparency and an absence of hidden charges.

falcon-invoice-discounting-unlocking-prime-investment-opportunities

Falcon Invoice Discounting

Shrambal_Distributors_Newsletter_May-2024.pdf

vikashdidwania1

Technology industry / Finnish economic outlook

TechFinland

Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...

globusfinanza

Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...

batoole333

DUBAI)[[WHATSAPP*(((+971)558539980)) *_*)) ABORTION PILLS FOR SALE IN SHARJAH, ABU DHABI, AJMAN, AL AIN, AL BARSHA DUBAI) [[WhatsApp (((+971)558539980)) *_*)) ABORTION PILLS FOR SALE IN SHARJAH, ABU DHABI, AJMAN, AL AIN, AL BARSHA Globally millions have ended their unwanted pregnancies using cytotec 200mcg (misoprostol) safely. Cytotec In Abortion pills for sale in Dubai @Cytotec in dubai@abu dhabi@sharjah@ajman@al ain@al barsha@al satwa @'Dubai^(+971)558539980^ abortion pills for sale in Dubai › abu dhabi...ajman.. .sharjah...al ain...al barsha..al satwa..rak city...uae.. They cause a process very similar to a spontaneous miscarriage and are 98% effective in ending a pregnancy when used correctly. Millions of women have used this method safely in Dubai, Abu Dhabi, the United Arab Emirates(UAE), Qatar, Oman,Saudi Arabia, Kuwait and in many parts of the world. We then advise you to use surgery if it's beyond 6 months. Our Abu Dhabi, Ajman, Al Ain, Dubai, Fujairah, Ras Al Khaimah (RAK), Sharjah, Umm Al Quwain (UAQ) United Arab Emirates Abortion Clinic provides the safest and most advanced techniques DUBAI) [[WhatsApp (((+971)558539980)) *_*)) ABORTION PILLS FOR SALE IN SHARJAH, ABU DHABI, AJMAN, AL AIN, AL BARSHA Globally millions have ended their unwanted pregnancies using cytotec 200mcg (misoprostol) safely. Cytotec In Abortion pills for sale in Dubai @Cytotec in dubai@abu dhabi@sharjah@ajman@al ain@al barsha@al satwa @'Dubai^(+971)558539980^ abortion pills for sale in Dubai /

QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.

hyt3577

Law of Demand.pptxnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

TintoTom3

7 tips trading Deriv Accumulator Options

Vince Stanzione

Responsible Finance Principles and Implication

NghiaPham100

logistics industry development power point ppt.pdf

Salimullah13

Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...

batoole333

Dernier (20)

Economics Presentation-2.pdf xxjshshsjsjsjwjw

Pension dashboards forum 1 May 2024 (1).pdf

FE Credit and SMBC Acquisition Case Studies

Group 8 - Goldman Sachs & 1MDB Case Studies

Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...

fundamentals of corporate finance 11th canadian edition test bank.docx

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...

Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements

Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them

falcon-invoice-discounting-unlocking-prime-investment-opportunities

Shrambal_Distributors_Newsletter_May-2024.pdf

Technology industry / Finnish economic outlook

Avoidable Errors in Payroll Compliance for Payroll Services Providers - Globu...

Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...

QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.

Law of Demand.pptxnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

7 tips trading Deriv Accumulator Options

Responsible Finance Principles and Implication

logistics industry development power point ppt.pdf

Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...

Honoring the honest

Recommandé

Recommandé

Contenu connexe

Plus de Tax 2win

Plus de Tax 2win (13)

Dernier

Dernier (20)