Articles by CA (CS) Ujjwal Jindal

HUF - A boon for all Hindu households!

CA (CS) Ujjwal Jindal 04 July 2020 at 11:51

The system is an extended family arrangement prevalent throughout the Indian subcontinent, consisting of many generations living in the same home, all bound by the common relationship.

ITR-2 for FY 2019-2020- Key Additions

CA (CS) Ujjwal Jindal 26 June 2020 at 14:26

Recently, the government (CBDT) notified the Income Tax Return Forms (ITR) for the financial year 2019-20 (A/Y 2020-21).Today i.e. on the 26th of June, 2020, th..

Deduction under 80D & Tips before investing in a health insurance plan

CA (CS) Ujjwal Jindal 10 June 2020 at 15:52

Section 80D| Deduction in relation to Medical Expenditure

ITR-4 AY 2020-21: 3 Key additions introduced

CA (CS) Ujjwal Jindal 05 June 2020 at 15:16

ITR-4 for AY 2020-21 is now available on the e-filing portal. Three key additions have been made in the new ITR-4.

ITR 1 AY 20-21 key additions

CA (CS) Ujjwal Jindal 02 June 2020 at 16:00

ITR-1 for AY 2020-21 has now been made available on the e-filing portal. 3 Key additions have been made in ITR-1

6 Key Changes in ITR Forms for AY 2020-21

CA (CS) Ujjwal Jindal 31 May 2020 at 20:49

New Income Tax Returns Forms for the F/Y 2019-2020 (A/Y 2020-2021) have been notified by the CBDT on 29th May, 2020. Know the changes made in the ITR Forms.

What Taxes shall you pay for the Financial Year 2019-2020?

CA (CS) Ujjwal Jindal 27 May 2020 at 11:31

We have all been so caught up with the multiple announcements coming from the government that we have almost forgotten how the Finance Act 2019 changed the tax payments for the FY 2019-20. Here are the taxes that you shall pay in the FY 2019-20

The New Income Tax Regime - Beneficial for you?

CA (CS) Ujjwal Jindal 14 May 2020 at 10:10

Section 115BAC, introduced by the Finance Act, 2020, provides that, the income-tax payable in respect of the total income of a person, being an individual or a Hindu Undivided Family (HUF), for any previous year beginning on or after the 1st day of April, 2020 shall, at the OPTION of such person, be computed at concessional rates.

Tax Implications on Income earned from Mutual Fund

CA (CS) Ujjwal Jindal 09 May 2020 at 15:05

India has plethora of investment instruments which are available, for an investor, to park his idle funds. At times, it becomes really difficult for a person to select one such instrument, which would reap him good gains.

TCS: The new move

CA (CS) Ujjwal Jindal 05 May 2020 at 16:29

TCS operates on the very principle of TDS i.e. Tax Deducted at Source but in practical operation, it is exactly opposite of it.We shall focus upon the provisions of TCS as applicable (under Section 206C of the Income Tax Act, 1961).