Dear all, Can anybody share FY 2021-22 Income tax latest amendments. It would be helpful for me and also computation of tax. Thanks and Regards
From India, Kakinada
From India, Kakinada
Hey Talaka Kavitha,
It is pertinent to note key amendments made in the Finance Act, 2021 which are applicable with effect from Assessment Year 2021-22
1. Extension of Due Date for Income Tax Return (ITR) Filing
2. Decrease in fee for default in furnishing return of income
3. The due date for linking of PAN with Aadhar has been extended to 30th June 2021.
4. Increase in Tax Audit limit exceeds Rs.1 crore in any financial year.
5. No Depreciation on Goodwill
For further details read our post on https://taxblock.in/relief-measures-...utbreak-india/
Regards
Adv. Shivam Kumar
Taxblock India Pvt. Ltd.
https://taxblock.in/
From India, Pune
3It is pertinent to note key amendments made in the Finance Act, 2021 which are applicable with effect from Assessment Year 2021-22
1. Extension of Due Date for Income Tax Return (ITR) Filing
2. Decrease in fee for default in furnishing return of income
3. The due date for linking of PAN with Aadhar has been extended to 30th June 2021.
4. Increase in Tax Audit limit exceeds Rs.1 crore in any financial year.
5. No Depreciation on Goodwill
For further details read our post on https://taxblock.in/relief-measures-...utbreak-india/
Regards
Adv. Shivam Kumar
Taxblock India Pvt. Ltd.
https://taxblock.in/
From India, Pune
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Income-Tax-Calc ulator-FY-2009- 10.xls