Harish Kumar Maheshwari Chartered Accountant

IT NOW
#$%&'#&### RATES OF TAX FOR %&'#&##%$(&##&### MALE INDI ID!AL NOT (&##&##%$'&##&### SENIOR CITI"EN MORE THAN '&##&### RATES OF TAX FOR FEMALE INDI ID!AL NOT SENIOR CITI"EN RATES OF TAX FOR SENIOR CITI"EN ./' 0EARS OR MORE1 SEC!RITIES TRANSACTION TAX 4 COMMODITIES TRANSACTION TAX #$%&-#&### %&-#&##%$(&##&### (&##&##%$'&##&### MORE THAN '&##&### NIL %#) %'&###*+#) ''&###*(#) NIL %#) %+&###*+#) '+&###*(#)

EARLIER
#$%&%#&### %&%#&##%$%&'#&### %&'#&##%$+&'#&### MORE THAN +&'#&### #$%&,'&### %&,'&##%$%&'#&### %&'#&##%$+&'#&### MORE THAN +&'#&### NIL %#) ,&###*+#) +,&###*(#) NIL %#) '##*+#) +#&'##*(#)

#$+&+'&### NIL +&+'&##%$(&##&### %#) (&##&##%$'&##&### 2&'##*+#) MORE THAN '&##&### ,2&'##*(#) ALLO5ED TO 6E DED!CTED 7RO IDED INCOME ARISIN8 FROM S!CH TRANSACTIONS IS INCL!DED IN INCOME !NDER THE HEAD 97ROFIT AND 8AINS OF 6!SINESS OR 7ROFESSION:

#$%&3'&### NIL %&3'&##%$+&'#&### +#) MORE THAN +&'#&### %%&###*(#) SEC!RITIES TRANSACTION TAX NOT ALLO5ED TO 6E D!D!CTED COMMODITIES TRANSACTION TAX NOT A AILA6LE ALLO5ED TOTAL OF ALL 7A0MENTS IN CASH COMES TO MORE THAN +#&###4$ IN A DA0 6!T INDI ID!AL 7A0MENT IN CASH IS LESS THAN +#&###4$

7A0MENT IN EXCESS OF NOT TO 6E ALLO5ED RS +#&###4$ IN A DA0 IF INDI ID!AL 7A0MENT IN CASH IS LESS OTHER5ISE THAN 60 THAN +#&###4$ 6!T TOTAL COMES TO MORE AN ACCO!NT 7A0EE THAN +#&###4$ IN A DA0 CHE;!E46ANK DRAFT

7A0MENT MADE IN AN ACCO!NT !NDER 9SENIOR CITI"ENS SA IN8S SCHEME R!LES& IN ESTMENTS IN 7OST +##,: OR ' 0EAR TIME DE7OSIT IN AN NOT ELI8I6LE OFFICE ACCO!NT 7OST OFFICE TIME DE7OSIT R!LES& %3-% ARE ALSO ELI8I6LE ADDITIONAL RS %'&###4$ SHALL 6E ALLO5ED IF MEDICLAIM TAKEN FOR 7ARENTS E EN MEDICLAIM THO!8H THE0 ARE NOT DE7ENDANTS AND NOT A AILA6LE RS +#&###4$ IF INS!RED 7ARENTS ARE SENIOR CITI"ENS TAX HOLIDA0 FOR ' 0EARS TAX HOLIDA0 FOR HOS7ITALS NOT A AILA6LE HOS7ITALS OTHER THAN IN AHMEDA6AD INCL!DIN8 8ANDHINA8AR& M!M6AI& DELHI INCL!DIN8

TAX HOLIDA0 FOR HOTELS

SHORT TERM CA7ITAL 8AIN

MAT

TAX ON DISTRI6!TED INCOME

FARIDA6AD& 8!R8AON& 8HA"IA6AD& 8A!TAM 6!DH NA8AR&& KOLKATA& CHENNAI& H0DERA6AD INCL!DIN8 SEC!NDARA6AD AND 6AN8ALORE HOS7ITAL SHO!LD HA E 6EEN MADE AND STARTED F!NCTIONIN8 6ET5EEN %4,4+##AND (%4(4+#%( ' 0EARS TAX HOLIDA0 FOR +&(&, STAR HOTELS AND CON ENTION CENTRES IN NATIONAL CA7ITAL TERRITOR0 OF DELHI& FARIDA6AD& 8!R8AON& 8A!TAM 6!DH NA8AR < 8HA"IA6AD AND 5ORLD HERITA8E SITES INCL!DIN8 A8RA& =AL8OAN& A!RAN8A6AD& KANCHEE7!RAM& 7!RI& 6HARAT7!R& CHHATAR7!R& THAN=A !R& 6ELLAR0& SO!TH +, 7AR8ANAS& CHAMOLI& RAISEN& NOT A AILA6LE 8A0A& 6HO7AL& 7ANCHMAHAL& KAMR!N& 8OAL7ARA& NA8AON& NORTH 8OA& SO!TH 8OA& DAR=EELIN8 AND NIL8IRI> HOTELS AND CON ENTION CENTRE SHO!LD HA E 6EEN CONSTR!CTED AND START FANCTIONIN8 6ET5EEN %4,4+##AND (%4(4+#%( %#) IN CASE OF SHORT TERM %') IN CASE OF SHORT TERM CA7ITAL 8AIN CA7ITAL 8AIN ARISIN8 FROM ARISIN8 FROM TRANSFER OF E;!IT0 TRANSFER OF E;!IT0 SHARES SHARES IN A COM7AN0 OR !NIT OF AN IN A COM7AN0 OR !NIT OF AN E;!IT0 ORIENTED F!ND E;!IT0 ORIENTED F!ND ITEMS TO 6E ADDED TO 6OOK 7ROFIT DEFERRED TAX& TAX ON DISTRI6!TED EFFECT IS TO 6E 8I EN 7ROFITS !4S %%'O OR %%'R& INTEREST RETROS7ECTI EL0 FROM CHAR8ED& S!RCHAR8E& ED!CATION CESS ASSESSMENT 0EAR +##%$#+ AND SECONDAR0 < HI8HER ED!CATION CESS AMO!NT OF DI IDEND TO 6E RED!CED 60 AMO!NT OF DI IDEND RECEI ED FROM S!6SIDIAR0 COM7AN0 NOT A AILA6LE 7RO IDED THAT DOMESTIC COM7AN0 ITSELF SHO!LD NOT 6E S!6SIDIAR0 COM7AN0

F6T

RET!RN OF F6T INCOME TAX RET!RN

EXCL!SION FROM EM7LO0EES: 5ELFARE CRECHE FACILIT0 FOR CHILDREN OF EM7LO0EE& S7NSOR A S7ORTSMAN 6EIN8AN EM7LO0EE& OR8ANISE S7ORTS E ENTS FOR EM7LO0EES& EX7ENDIT!RE ON MAINTENANCE OF AN0 ACCOMMODATION IN THE NAT!RE OF 8!EST HO!SE OTHER THAN !SED FOR TRAININ8 7!R7OSES D!E DATE (#TH SE7TEM6ER FOR THE A!DIT ASSESSEES D!E DATE (#TH SE7TEM6ER FOR THE A!DIT ASSESSEES !4S %,+.+1.ii1 NO NOTICE AFTER THE EX7IR0 OF / MONTHS FROM THE END OF THE FINANCIAL 0EAR IN 5HICH RET!RN IN F!RNISHED

NOT A AILA6LE

ASSESSEMENT

D!E DATE (%ST OCTO6ER FOR THE A!DIT ASSESSEES D!E DATE (%ST OCTO6ER FOR THE A!DIT ASSESSEES !4S %,+.+1.ii1 NO NOTICE AFTER THE EX7IR0 OF %+ MONTHS FROM THE END OF THE FINANCIAL 0EAR IN 5HICH RET!RN IN F!RNISHED

TDS CERTIFICATE

DATE OF NO RE;!IREMENT OF F!RNISHIN8 DATE 5AS CERTIFICATE OF TDS EXTENDED TO %4,4+##%4,4+#%#

ST
THRESHOLD LIMIT NO SER ICE TAX ON SER ICE 7RO IDERS 5HOSE ANN!AL TAXA6LE SER ICES ARE LESS THAN RS %# LACS NO SER ICE TAX ON SER ICE 7RO IDERS 5HOSE ANN!AL TAXA6LE SER ICES ARE LESS THAN RS - LACS

CTT
COMMODITIES TRANSACTION TAX #>#%2) 7A0A6LE 60 THE SELLER NOT A AILA6LE

BCTT
6ANKIN8 CASH TRANSACTION TAX REMO ED 7A0A6LE ON CASH 5ITHDRA5ALS