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A Thread🧵on various #IncomeTax #Deductions.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
People normally know a bit about Section 80C Deduction which allows a person to claim a deduction of Rs 1.5 lakh on total income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
Date of filing #IncomeTaxReturn for current financial yr,extended from 31stJuly,to 30thNov2020
TaxAudit date for firms,extended from 30thSep,to 31stOct
Date of issuance of Form16 by firms,extended from 30thJune to 15thAug
22 lakh nil return payees,can soon,file #GSTR3B via Sms
TaxAudit date for firms,extended from 30thSep,to 31stOct
Date of issuance of Form16 by firms,extended from 30thJune to 15thAug
22 lakh nil return payees,can soon,file #GSTR3B via Sms
*All the aforesaid dates are with reference to financial year 2019-20,ending on 31st March 2020.
Date for starting operations by new #SEZs,for claiming tax holiday via Sec10AA of IT Act,extended to Sep 30th2020
Linking PAN with #Aadhaar extended to March 31st2021
Date for #SelfAssessment,till 1 lakh, extended to 30thNov2020
No extension of SA for tax liability over 1 lakh
Linking PAN with #Aadhaar extended to March 31st2021
Date for #SelfAssessment,till 1 lakh, extended to 30thNov2020
No extension of SA for tax liability over 1 lakh
