Explore the crucial role of income tax filing in personal and national development. Get a detailed guide on how to file your Income Tax Returns (ITR).
The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or loss) you have incurred for the past year. With the new Tax Reform Laws (TRAIN), there are n...
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) is not paid. Both individuals, as well as corporates, must pay this tax. Advance Tax ...
You must be an employee. Self-employed professionals cannot be considered for HRA exemption under this act, as they do not earn a salary. However, they can claim benefits on the house rent expenses incurred under section80GG, which resembles section to 10 (13A) but is subject to certain co...
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# You have to submit either Form 15G or Form 15H when your total income does not exceed the basic exemption limit (in case of Financial Year 2019-20 the basic exemption limit for an individual is Rs.2,50,000, for an individual whose age is 60 years or more but less than 80 years...
The door staff will check for your complete documents then hand you a number. Wait until it’s your turn to go up to the window and present your documents to the Consul. He/she may ask a couple of questions. In my case, he was looking for my ITR so I let him know that there ...
On the other hand, China claims to be the world's leading manufacturer of agricultural machinery in its widest sense, including tractors (both two-wheeled and four-wheeled), implements, other self-propelled machines, pumps and machinery for agricultural product processing along the output value ...
When to File BIR Form 0605? Every time atax paymentorpenalty is dueoradvance paymentis to be made Upon receipt of ademand or assessment noticeor collection letter from the BIR Income tax second installment for individual taxpayers How to Fill Out BIR Form 0605 for Payment of Registration Fee:...
For Transfer of EPF to NPS Budget 2015-16 had suggested EPF subscribers can make a one-time switch to the NPS. Within 30 days of applying, the entire balance in his EPF account will be transferred to the NPS. Opting for the NPS would also mean the individual exits from Employees Deposit...