Monday 30 March 2020

10 ponits Should Indian Goverment for World@Maha..war against Corona..Let all support government

Covid@19 and contribution by all..Be it RATAN TATA kr yoursrlf

Dear Friends,
I did tons of reading and u tube reading on Covid@19..

You will realise that government did not messed up as much rest of world does it..including USA@UK

We@our government  are proactive and planned.
but hindsight can not be..

so no decision is right@wrong

decisions are taken

Let us put our part..

jai hind

Ca Nitin Pathak

canitinmpathak.blogspot.com

Ps..My personal opinion
So you may differ.
but support nation..by contributing the way you can..
This is called nation building..Not only praise RATAN TATA..But also your self by contributing..

Jay Hind

Confusing year end march V/s june

𝗖𝗢𝗡𝗙𝗨𝗦𝗜𝗡𝗚 𝗬𝗘𝗔𝗥 𝗘𝗡𝗗 𝗠𝗔𝗥𝗖𝗛 𝗩𝗦 𝗝𝗨𝗡𝗘𝗖𝗢𝗡𝗙𝗨𝗦𝗜𝗡𝗚 𝗬𝗘𝗔𝗥 𝗘𝗡𝗗 𝗠𝗔𝗥𝗖𝗛 𝗩𝗦 𝗝𝗨𝗡𝗘

This is the biggest confusion in the minds of the taxpayers. Following points clarifies some of the issues: 

1) FY 2019-20 is not at all extended till 30th June, only the date is extended for some compliances.

2) Belated returns or Revised returns for the FY 2018-19 can be filed till 30th June.

3) In the FY 2019-20, income is taxable till 31st March only and not upto 30th June, i.e. for taxability of income financial year is considered till 31st March only.

4) Deductions under 80C, 80D, etc. can be claimed by investing till 30th June.

5) New LIC, mediclaim, PPF, NPS, etc. policies taken till 30th June will be eligible for the deduction for the FY 2019-20.

6) Payment of Premium of old policies of LIC, mediclaim, PPF, NPS, etc. due upto 31st March can be claimed as deduction even if paid till 30th June.

7) Housing loan interest is eligible for deduction on accrual basis, so interest accrued till 31st March will be eligible for the deduction in FY 2019-20. However Installments due upto 31st March can be claimed as deduction ever if paid till 30th June.

This is the biggest confusion in the minds of the taxpayers. Following points clarifies some of the issues: 

1) FY 2019-20 is not at all extended till 30th June, only the date is extended for some compliances.

2) Belated returns or Revised returns for the FY 2018-19 can be filed till 30th June.

3) In the FY 2019-20, income is taxable till 31st March only and not upto 30th June, i.e. for taxability of income financial year is considered till 31st March only.

4) Deductions under 80C, 80D, etc. can be claimed by investing till 30th June.

5) New LIC, mediclaim, PPF, NPS, etc. policies taken till 30th June will be eligible for the deduction for the FY 2019-20.

6) Payment of Premium of old policies of LIC, mediclaim, PPF, NPS, etc. due upto 31st March can be claimed as deduction even if paid till 30th June.

7) Housing loan interest is eligible for deduction on accrual basis, so interest accrued till 31st March will be eligible for the deduction in FY 2019-20. However Installments due upto 31st March can be claimed as deduction ever if paid till 30th June.

Sunday 29 March 2020

Technology@Privacy@Balance@Freedom to Live etc..

https://www.ft.com/content/19d90308-6858-11ea-a3c9-1fe6fedcca75
Worth reading in recent times!!

Yuval Noah Harari: the world after coronavirus | Free to read

This storm will pass. But the choices we make now could change our lives for years to come