Ruparel and Ruparel

Income tax is payable well in advance, when total payable tax is equal to or more than Rs. 10,000/- for the related financial year. How much and when to pay advance tax are very much important  questions and we must be well aware to save interest on payment of Income Tax. Due Dates for payment of Advance Tax During the Financial Year Due Date Advance Tax Payable On or before 15th June 15% of advance tax less advance tax paid On or before 15th September 45% of advance tax less advance tax paid On or before 15th December 75% of advance tax less advance tax paid On or before 15th March 100% of advance tax less advance tax paid If, tax liability for a financial year, after deductions u/s. 80C and reducing TDS, exceeds Rs 10,000, are liable to pay advance tax. If, a senior citizen, not having income from business or profession, is not liable for advance tax. The person is l...

Extension of Amnesty Scheme of Professional tax of Gujarat The amnesty scheme for Gujarat Professional Tax has been extended by the circular . Take advantage to pay tax without interest and / or penalty. The details of the circular are as under: (1) This amnesty scheme is known as "વ્યવસાયી ઓ  માટેની યોજના -2019". (2) The duration of the scheme will be from 01/06/2019 to 30/09/2019. (3) The persons, not having enrollment certificate, have to apply for the enrollment and will have opportunity for the due tax payment without penalty proceedings. (4) The enrollment certificate will be allotted after the application for the enrollment with copy the due tax payment receipt / challan. (5) The person, having enrollment certificate, have the chance to pay due tax without interest. They have to apply for the amnesty scheme in the prescribed format with the copy of due tax payment challans. (6)  The employer, not having registration certificate...