#04_Frequently Asked Questions on Dual Income Tax Schemes for FY - 2020 - 21
Hopefully you all are home and safe !!! As we are having many doubts about the dual Income Tax Scheme for FY - 2020-21, we have compiled a complete FAQ in a Quick answer mode, so that all your doubts shall be answered in the least possible time and you can listen the same on the go. To discuss this, we are having a very eminent personality with us. He is having more than 25 years of experience, and he is also the author of Chartered Accountant E-Practice Manual, CA. Rajeev Khandelwal. CA Rajeev Khandelwal - He is, B.Com(H), FCA, ISA(ICAI), GST Faculty, Indirect Tax Committee of ICAI a Author of Chartered Accountant E-Practice Manual. Connect with him on Linkedin - linkedin.com/in/rajeev-khandelwal-7886845 Questions Answered in the Podcast : 1. What are the 2 schemes of taxation for FY 20-21? 2. Who are eligible to avail new scheme of taxation u/s 115BAC of IT Act? 3. Which scheme will benefit an employee? 4. Which deductions/exemptions are not allowed in the new scheme? 5. Are any deductions allowed in the new scheme? 6. Whether Employer would deduct TDS u/s 192 as per old or new scheme? 7. Whether after intimating choice of scheme, employees can change it within the year? 8. If he can’t change the option, what will he do if another scheme is beneficial to him? 9. Whether Employee can change option in the next year? 10. Whether the benefit of the Provident Fund, Profession tax, and Standard Deduction be available to an employee in the new scheme? We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify - https://open.spotify.com/show/40nWfyqqxV07o8AxIPwsom | Listen on Apple Podcasts - https://podcasts.apple.com/us/podcast/instades-alogs/id1506181483 | Listen on Google Podcasts - https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8xOWUzMjUzOC9wb2RjYXN0L3Jzcw== | Listen on Castbox - https://castbox.fm/channel/Instade's-ALogs-id2752525?utm_source=websiteautm_medium=dlinkautm_campaign=web_shareautm_content=Instade's%20ALogs-CastBox_FM | Listen on Radio Public - https://radiopublic.com/instades-alogs-8glqYK | Listen on Pocket Casts - https://pca.st/t28utnb4 | Listen on Overcast - https://overcast.fm/itunes1506181483/instades-alogs | Listen on Breaker - https://www.breaker.audio/instades-alogs |