For most people upon submission of their year-end income tax return, either nothing much will happen or a refund will be due, this being paid back within a matter of days. However in a small number of cases SARS requires extra documentation or proof to be submitted so that they can verif...
Dishonour of Cheques and the Burden of Proof: Rebutting the Presumption u/s 139 of the Negotiable Instruments Act Condoning Delay in Filing Income Tax Return: A Case for Equitable Consideration Pre-deposit: Upholding Principles of Natural Justice in CGST Appeals ...
Processed: Your ITR submission has been processed successfully by the Income Tax Department. Defective: The authorities found errors in your ITR. You'll receive a notice from the department to rectify the mistakes within a specified time limit. Case transferred to the assessing officer: The IT de...
Even so, these are nonetheless taxable on the basis of income tax and are added to a person's total income. They are taxed in their own right. Note that these forms of earnings fall into a different category, with a different tax rate that applies and is assessed against them. Income ...
something entirely distinct from principal or capital either as a subject of taxation or as a measure of the tax;conveying rather the idea of gain or increase arising from corporate activities.As was said inStratton's Independence v.Howbert, 231U.S.399, 415:'Income may be defined as thegai...
After paying the interest you need to revert to the Income-tax department with reference to the notice received along with the proof of submission of tax and interest challan. While paying tax also you need to ensure that you pay tax under correct head or else the credit if same will not...
To file Revised Income Tax Return gather following information: Receipt No of Original Return Date of Submission of Original Return To get it from the income tax filing website, login in and click on the ‘View Return’. You would see all the returns you have submitted electronically. Get th...
Tip:Ask your LIHEAP office for feedback on your application to improve your chances on the next submission. Comment 7: “Can LIHEAP be combined with other energy assistance programs?” Yes, LIHEAP can complementother local, state, and federal programsto maximize support: ...
Fixed Deposit , Interest , TDS, Tax,Income Tax Return, Refund Fixed Deposit(FD) is an investment product which allows you to invest a lump of money for a fixed time period and at a fixed rate of interest. Its features are as follows:...
How to obtain a Tax Resident Certificate for tax relief under a double tax evasion deal Tax Residency Certificate (TRC) The Government of India has modified the Section 90 & 90A of the I T Act, 1961 appears with finance Bill, 2012 to make the provisions provide the submission of the Tax...