Income Tax Archives - eFiling India

Income Tax Return filing for A.Y 2020-21: ITR-1, ITR-4 remains ‘Sahaj, Sugam’ for these taxpayers!

By eFiling India TeamPosted on January 11, 2020Posted in Income TaxTagged Income Tax, Income Tax Return, Money1 Comment

The Finance Ministry just notified the Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) for the A.Y 2020-21 to ensure that the e-filing facility for filing of return for assessment year (A.Y) 2020-21 is open as on April 1, 2020. ITR-1, ITR-4 for AY 2020-21: Persons who jointly own a single house property can […]

Changes in Income Tax Law That Come Into Effect From 01.04.2017

By eFiling India TeamPosted on April 15, 2017Posted in NotificationTagged Cash Limit, Income Tax, NoNo Comments

Kindly make note of the following changes in IT law that come into effect from 1-4-2017 – (1) Limit for payment of expenses by cash (both, capital and revenue expenditure) reduced from Rs.20000 to Rs.10000 per day in aggregate per person. Capital expenses paid in cash beyond the said limit will not be taken into […]