If you have income there is a tax and you may be required to file Income Tax Return(ITR).To understand Income Tax we need to understand what is Income,IncomeTax slabs,Types of Income, the tax on different types of Income, dates related to Income Tax, tax cut i.eTDS, how to see TD...
It is managed by the Central Board of Direct Tax (CBDT) and is governed by the Income Tax Act, of 1961. The returns of TDS are to be filed by the assesses every quarter. The tax is imposed so that the burden of tax to be paid by the assesses at the end of the year is ...
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 ...
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...
Not paid 1% of tax by cash as per rule 86b(3) How to avail input tax credit of igst paid through manual tr-6 challans as ... (3) Non monetary consideration(7) Regarding gstr 2a and 2b form(5) Go to Forum Latest Case Laws Jiva ...
As per section 15 of the Act, the following incomes are chargeable to income-tax under the head “Salaries” – (a) any salary due from an employer or a former employer to an assessee in the previous year, whether paid or not;
(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. ...
62,000 having paid advance tax as well as TDS having been deposited (and appearing correctly in Form 26AS). Anyhow I checked on the IT website and have seen my AO is Type W, AO No. 2 in Ward 30 (1) in Delhi and Range Code is 53. The only problem is that no Building or ...
Recently the income tax department has launched the e-calculator for the taxpayers to find out the benefits on their income tax received by the individuals. The taxpayers can find out their tax liability through the e-calculator and was also announced th
(ii) The details of BSR Code of the bank branch (7 digits), date of deposit, challan serial no., and amount paid should be filled out from the acknowledgement counterfoil. (n) Schedules-TDS1 and TDS2,- (i) In these Schedules fill the details of tax deducted on the basis of TDS ...