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TDS on Rent of Property - 26QC

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An Individual or HUF paying rent 50000/- or more per month is required to deduct tax at source (TDS) from 1st June 2017 as per the new amendment in the Law. As per the new section 194-IB of the Income Tax Act, a tenant is required to deduct and pay 5% of rent where rent amount per month is more than 50000/- Earlier only those individuals and HUFs were required to deduct TDS who were covered under audit. With this new change, all individuals and HUFs who are paying rent over and above Rs. 50,000 per month, would be mandatorily required to deduct tax from June 1, 2017 and pay the same to government.  Some important points in this regard: 1. TDS is to deducted ONLY ONCE annually . 2. The tenant would also be required to issue a tax withholding certificate (Form 16C) to the landlord, as a proof that taxes have been deposited in his name. 3. Tenant do not require to have TAN . 4. Individuals and HUFs whose accounts are not required to be audited under
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What will happen if you don't file your Income Tax Return by 31st March 2018?

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Hi everyone, Are you too getting some sms from Income Tax Department like "L aw has changed and ITR for AY 2016-17 & AY 2017-18 cannot be filed after 31st March 2018", which means a fter 31st March 2018, 2 Years ITR filing will stop and only 1 year filing can be filed. As per previous law return for FY 2016-17 was possible to file till 31st March 2019 but now that is not possible. So it is advisable to file your Income tax Return on Time. Did you think what will happen if you do not file Income Tax Return on Time? In case one has not filed return since FY 2015-16 then the person will loose 2 years of Income Tax filing of returns. Income Tax Returns are required for many important work like: 1.   Applying for loans : Its quiet a common practice for bankers to ask for the last 2 to 3 years of tax returns filed while applying for car, home loans, personal loan, Bank OD etc. In such a situation, if you don't have one or two year' inc
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Gattu/ Sattu is the new Rahul/ Raj

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Hola people, Did you read my last blog? Hope you liked it. Remember I mentioned next blog is going to be my favorite and really really super excited to share this one. Here I come again with a movie/ film blog. This time not particularly about a movie but about an actor. Do you know who is the latest Bollywood Heartthrob? Sochiye.... Sochiye..... Pata nahi kitne log inka naam guess karenge Well, it's none other than “ Rajkummar Rao” Surprised? Hope not and in case anyone of you is surprised, then my blog will answer you. No, I am not going to talk about his Bollywood Journey. This year,i.e, in 2017  till now 4 of his movies have released for main stream cinema and 1 movie is gonna release tomorrow. I have seen all his 4 movies. I am hoping to see tomorrow' release first day first show. I have not only loved all the movies but also I have loved his performances. “ Shaurya ” from “ Trapped ” “ Gattu ” from “ Behan hogi teri ”
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A Dream that came true on Friday The 13th : Ranchi Diaries Premiere Part 2

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Hi guys, I am really really happy my last blog has got maximum views till date. Well continuing my previous blog, I had to share my best moment of the Ranchi Diaries Premiere. Before the movie show started, entered a Super star to give his best wishes to the entire team. One should have seen how everyone was excited to see him including me. When I saw him, I literally screamed these words “Oh my God! I can’t believe I saw him and I actually shouted and few people started starring me, but I so much love the fact I shouted so naturally. Guess which Super Star I saw? When I saw him for the first time in 1991, I knew I was in love with him. Do you know whom I am talking about? Saugandh movie poster I am talking about the actor who started his career in movie Saugandh, its none other than Akshay Kumar. Yes Akshay Kumar, one of the actor whom I love since the time of his first movie till date. Akshay Kumar in his first movie Saugandh
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Ranchi Diaries Premiere

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Hey guys, How’s everyone doing? Did you see Ranchi Diaries? Well honestly it’s not that bad movie. It is in indeed very entertaining especially the second half. I had great opportunity to attend Ranchi Diaries premiere. Ranchi Diaries Special Screening Since last 2 weeks I had in mind to write about this. Well about last to last Friday, I was at Ranchi Diaries movie Premiere. This was my life’ first ever Movie Premiere I attended. Well I know many of you might be wondering how I got the opportunity to attend this Movie Premiere. Especially after seeing the movie promotions I did on my all social media platforms, many felt that may be I am paid for it or some of my relative is part of the movie. Guys, by the way nothing was paid promotion. My last blog, i.e, 5 reasons to watch Ranchi diaries, was also not a paid write up. I am just trying to evolve my writing skills. All promotions and blog write up was at my own will and choice. May be I shal
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