Category «Others»

How to response Cash Deposit Notice

How to response Cash Deposit Notice Income tax department (ITD) has been started to send notice in respect of cash deposited by a person during the period of 09th November to 30th December 2016. Around 18 lakh persons have been identified by ITD whose cash transaction does not match with tax payer’s income tax profile. …

Highlights of Budget 2017 Impacting Salaried Persons

Highlights of Budget 2017 Impacting Salaried Persons A. Change in Tax Slabs and tax rebates: – 1. A new tax rate of 5% will be applicable for individuals having total income from 2.5 lacs to 5 lacs. 2. An additional surcharge @10% will be applicable for individuals having total income in the range of 50 lacs …

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