V N Kabbur and Co.

02/02/2020

Review and opinion on Tax Budget 2020-21 by Tax Consultant and Auditor Vidyadhar Kabbur sir.

27/09/2019

Tax audit extended upto 31st October, 2019

23/07/2019

••••• IMPORTANT ANNOUNCEMENT •••••
Due date of filing Income-Tax return extended by 1 month. Now the revised due date is 31st August 2019.

12/07/2019

File your (Individual non-audit) Income-tax returns before 31st of this month to avoid Penalty, interest and late fee.

Visit office at:
1168, Shivaji road, Belgaum.

06/07/2019

Brief information about Budget in Tarun Bharat news paper.

05/07/2019

05/07/2019

From FM speech

*DIRECT TAX BUDGET PROPOSALS*

₹ 11 lac crore tax collection from ₹ 6 lac crore tax collection in last 5 years

Corporate tax rate @ 25% for companies having ₹ 400 crore sales turnover, covering 99% companies

Investment linked incentives to select sectors under section 35 AD

1.50 lacs additional deduction on interest on loans taken for buying electric vehicles

Start ups - valuation scrutiny and identification of investors to stop

Start ups assessments not to happen without prior approval

Cap gain from sale of residential house - reinvestment in start up can be made upto 31.3.21

Int deduction on housing loan to go up to ₹ 3.50 lacs for affordable house category

NBFCs - to be at par with banks for bad debts allowance

80 LA deduction, exemption of DDT etc. for IFSCs

Adhar card and PAN to be interchangeable for filing

Prefilled tax returns to be made available to assesses having salary, cap gains and other income

E scrutiny - faceless scheme to start this year without disclosing the name of AO

Digital payments - TDS of 2% on cash withdrawal exceeding ₹ 1 crore from bank account during the year

Merchants having ₹ 50 crore or more sales turnover not to levy charges on credit, debit card driven transactions

Surcharge to go up. Effective Tax rate to go up by 3 and 7 % for ₹ 2 to 5 crore and ₹ 5 crore and above

04/07/2019

Providing Tax consultancy and audit services for more than 25 years.
We provide Quality services at reasonable prices with More focus on client satisfaction.

Visit us at:
H.no.1168, Shivaji Road,
Opp: Hotel Anupam,
Belagavi.

Contact no :
Vidyadhar Kabbur (Partner) : 9071474441.
Anil Goundadkar (Partner) : 9448866849