Procedures to claim reduction in output tax liability of GST in India Comments Hema:On 05 November 2013 Can we get the samples from some other country before getting IEC for the firm . This is required by some people who are new to the trade , to analyse the product before they can star...
Step 3: Calculate the payable tax amount according to the applicable tax slab.Step 4: Now, subtract the TDS amount that is deducted or the TDS, which will be deducted as per the tax slabs for different earnings.If the tax liability at any time after the deduction of TDS exceeds Rs.10,...
If you are unable to submit these forms, you can still claim a TDS refund at the time of filing your year-end tax returns. There are also some ways to save on tax on FDs. A post office FD is one way as it does not attract any TDS deduction. You can divide the amount and put ...
Log In: Access the official GST portal with your credentials. Create Challan: Navigate to the ‘Services’ section, select ‘Payments,’ and then ‘Create Challan.’ Select Tax Head: Choose the appropriate tax heads and input the payment amount. Choose Payment Mode: Options include Net Banking...
To avoid disputes or prepare your case for a deduction claim, you should familiarise yourself with the points below. They provide insight into how a TDS adjudicator would approach a dispute case involving fees: 1. The tenancy agreement must clearly explain the circumstances in which a tenant ...
the actual weight of cotton is very low but occupies a good amount of space as a volume. In this case, if airfreight is charges on the basis of actual weight of cargo, the said shipper needs to pay a very nominal airfreight compared to a shipper who exports iron plates. Am I right...
Adding to this, any mistakes made while submitting self-assessment tax or advance tax during the year will also result in non-deposit of tax. Such tax deposits will also not be reflected in Form 26AS, and further, the facility of the claim tax credit will also be unavailable for the ...
Followers of a Buddhist boy meditating in Nepal claim that he has gone two years without food or water, but doctors have not been able to substantiate this [source: All Headline News]. When you don't get enough water, or lose too much water, you become dehydrated. Signs of mild ...
Late Filing Fee:If you file your ITR after the due date, you will have to pay a late filing fee. Interest on Tax Liability:If you have any outstanding tax liability, you must pay interest on the unpaid tax amount. Disallowance of Deductions:Certain deductions and exemptions, such as the ...
You mustclaim Advance Taxwhilefiling Income Tax Return ITR Who has to pay Advance Tax? The provisions of the Income Tax Act make it obligatory for every individual, self-employed professional, businessman, and corporate to pay Advance Tax, on any income on which TDS(Tax Deducted at Source)...