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Click4ITR provides all in one solution for filing tax returns of individuals, professionals and corporate. Click4ITR manages your Income Tax related data at one places ensuring its safety and security.
TDS deposition date for the month of April, 2020 is 7th May, 2020. Late payment shall attract interest @ 0.75% if unpaid till 30.06.2020.
Contribution to PM Care Fund is eligible for 100% deduction under section 80G. Deduction can also be claimed for FY 2019-20 if the donation is made till 30.06.2020.
Limit of 10% of adjusted total income is not applicable on such donation.
As per tweet of CBDT, due date of filing ITRs and Tax Audit Reports has been extended from 30th Sep to 31st Oct 2019 whose accounts are required to get audited.
Official notification shall be released soon.
Tax rate of domestic companies has been slashed from 30% to 22% (excl. of surcharge and cess) provided certain exemption / incentives shall not be allowed to companies who have opted for this lower rate.
Minimum Alternative Tax has been reduced from 18.5% to 15%.
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