Latest Updates

COST INFLATION INDEX

CBDT Notification Dated 12/09/2019, the Cost Inflation Index for FY 2019-2020 will be "289"

PROSECUTION FORMS EASED FOR TDS, INCOME TAX DEFAULTS

The circular issued by Income Tax Departments which becomes effective from 9th September is also applicable for pending cases for which prosecution complaint is yet to be filed. As per New Prosecution Norms, Failure to Deposit TDS, Non-Filing Income Tax return and Under-Reporting of Income will not be prosecuted if quantum is 25L or less and if delay in TDS Deposit is less than 60 days.

Looking for quick & best tax advise ?