RVR- Tax Solution

11/07/2020

LIMIT ON CASH WITHDRAWAL:

Section 194N becomes operational from 1st July 2020.

This is regarding TDS on cash withdrawals as per below rates :-

If ITR not filed for last 3 Prev Year

If withdrawal more than 20 lakh @2% on amount exceeds 20 lakh
If withdrawal more than 1 crore @ 5% on amount that exceeds 1 crore

If ITR files -

if Amount withdrawn is more than 1crore than @2% on amount that exceeds Rs. 1crore.

02/04/2020

Income Tax Return for the Financial Year 2018- 2019 Deadline Extended due to Coronavirus Pandemic, Now last date 30 june 2020.

31/12/2019

28/08/2019

FOLLOWING ARE SOME MAJOR REASONS FOR ECONOMIC SLOWDOWN IN INDIA:

slowdown in the investment activity, tighter funding conditions, a decline in consumer confidence, high real interest rates, central government expenditure and monsoon were some of the factors that contributed to the overall sluggishness.

25/07/2019

Last date for Filing Income TAX Return extended one month i. e 31 August 2019 for the Financial Year 2018-2019

23/06/2019

Filing ITR on time is beneficial in many ways while keeping you tax-compliant. Here's all you need to know.

19/06/2019