SECTION -5 OF INCOME TAX ACT, 1961 (1) Subject to the provisions of this Act, the total income of any previous year of a person who is a resident includes all incomes from whatever source derived which- (a) is received or is deemed to be received in India in such year by or on ...
Clarification on availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract-reg. - Circular No. 241/...
ITR 4 Sugam Form is for taxpayers who have opted for the presumptive income scheme under Section 44AD, Section 44ADA, and Section 44AE of the Income Tax Act. Note: If the turnover of the business is more than Rs 2 crores then the taxpayer will have to file ITR-3. ITR 5 Form is ...
As per section 194DA of the Income Tax Act of 1961, life insurance companies shall now deduct TDS, if the amount paid on your life insurance policy, including bonus, exceeds Rs. 1 lakh in a financial year. If a I paid a half yearly premium of 15000/- for five years from 2010 to 2...
With that aim in mind, in this section, we estimate racial differences in wealth (or net worth), household income, and head of household earnings using the Kitagawa-Oaxaca-Blinder decomposition to shed some light on these disparities. Specifically, we use a twofold decomposition method with a ...
-Tax Collection at Source (TCS) - Unit of International Financial Services Centre shall not be considered as ‘buyer’ for the purposes of sub-section (1H) of section 206C of the IT Act 1961 January 6, 2025 FTP -Amendment in Import Policy and Import Policy Condition of Synthetic Knitted ...
Overview of Section 119(2)(b) Application for Condonation of Delay Section 119 of the Income Tax Act empowers the Central Board of Direct Taxes (CBDT) to issue instructions to lower levels of tax authorities for the proper administration of the tax laws. This section provides the CBDT with...
“TimeandmodeofpaymenttoGovernmentaccountoftaxdeductedatsourceor taxpaidundersub-section(1A)ofsection192. 30.(1)Allsumsdeductedinaccordancewiththeprovisionsofsections192to194, section194A,section194B,section194BB,section194C,section194D,section194E, ...
3EducationalqualificationforServiceTaxReturnPreparers 3Appointmentofofficers. 3Registration. 3Publicationofnamesandotherparticulars. 3Optiontoavailcompositionscheme 4Initiationofactionandpublication. 4Formofdeclaration 4[Registration. 4Enrolment,trainingandcertificationtopersonstoactasServiceTaxReturnPreparers ...
Logging into company’s PAN A/C throughwww.incometaxindiaefiling.gov.in Take mouse pointer on e-File tab Click on Income Tax Forms from drop-down menu Select form name 10IC then select submission mode Fill up the form Preview & submit ...