Chapter 19 Deals with the income tax refunds for cases where extra tax has been paid to the income tax department. It also details the eligibility criteria regarding tax refunds and the interest on IT returns when no claim has been made. The aspects of such cases are covered through Sections...
Under section 40(a)(ia)of the Act, in case of payments made to resident, the deductor is allowed to claim deduction for payments as expenditure in the previous year of payment, if tax is deducted during the previous year and the same is paid on or before the due date specified for fi...
Family Pension is chargeable to tax under the head “Income from other sources” and not under the head “Salaries”. Therefore, provisions of section 192 of the Act are not applicable. Hence, DDOs are not required to deduct TDS on family pension paid to person. ...
A tax payment receipt is issued for the taxpayer as soon as the amount gets deducted. Different Taxes That Can Be Paid Through E-Payment Listed below are the different taxes that one can choose to pay through the e-payment mode and their challan numbers for your reference: Income Tax – I...
Challan - 281 TDS / TCS Tax Challan - 282 Wealth Tax, Gift Tax, Securities Transaction Tax, etc. Deposit Challan - 283 Fringe Benefit Tax Deposit FORM - 1 Undertaking under sub-rule (1) of rule 11UE of the Income-tax Rules, 1962 FORM - 2 Form for Certificate Under sub-rule ...
(Signature of person responsible for deduction of tax) Designation: Full Name: Notes: 1. Government deductors to fill information in item I if tax is paid without production of an income-tax challan and in item II if tax is paid accompanied by an income-tax challan. ...
Income tax return is a form through which taxpayers declare their income, deductions and tax payments. Income tax return in India is to be filed by all persons having income above taxable threshold limit.Answer and Explanation: The excess tax paid can be claimed as refund by filing your...
Before filing the return, the due tax must be paid. The tax can be paid online or through challan 280 by depositing in bank with cheque or cash. Step 2: Late Return Filing If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as ...
Understanding Form 16: Tax on income Understanding Form 12BA How to agree to income tax notice under 143(1)(a) due to variance in income and file revised Self Assessment Tax, Pay Tax using Challan 280, Updating ITR How to file Revised Income Tax Return ITR ...
Please tell me On Which Challan you will paid on Demand Amount of Viivad Se Viswas Act 2020. Reply Your email address will not be published. Required fields are marked * Name * Email * Comment * All About New MCA Filing Form SPICe+ (SPICe Plus) for Company Registration GST Panel is...