TDS deductions for NRIs – everything you should know 3. What are the benefits of NRI banking? Here are some key features of NRI banking - · Assures continuity of income - Allows NRIs to receive a steady stream of income from their accounts in India and overseas. · Enables inves...
Under section234B, penalty arises when the total amount of advance tax paid along with the amount of TDS is less than 90% of the total tax liability.In such a case, interest is calculated at 1% per month of the amount of shortfall for the time period from April to the month in which...
pay slips, and payment mode for disbursed salaries. The page also displays the total amount credited to your account as salary inTotal amountfield and the date of credit inCredited on,along with your earnings and deductions in theCreditandDeductionsfields and payment mode in thePaid...
Has GSTR 1, GSTR 5, GSTR 6, ICEGATE system – does not provide TDS & TCS deductions. It is a document to check the entire tax credit status at one single place. Very useful in ITC reconciliations, especially Rule 36(4), and it also helps to identify compliant/non-compliant vendors...
The provisions laid down in Sections 80C, 80CCC and 80CCD of the Income Tax Act, 1961 are: Section 80C – Under this section of the Income Tax Act, 1961, an investor can enjoy tax deductions of up to Rs. 1.5 lakh annually from his/her annual income on specific investments like mutual...