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...
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 ...
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 ...
As total tax due is more than 10,000 Ajay had to pay advance tax . If Ajay has not paid advance tax before 31st July he would also have to pay interest under Section 234 A, B and C. Which in his case turn out to be Rs 883. So total tax due is 12,347(11,464 + 883) Note...
CA Puja Sharma (Chartered Accountant) (4995 Points) Replied 15 April 2022 You can add the challan of interest and penalty paid on the traces portal. sabyasachi mukherjee (27469 Points) Replied 18 April 2022 Tds returns not for interest and penalty. ...
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 ...
The e-challan details are directly sent to the IT department through this mode. There is no data entry that the bank has to do. 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 ...
Example of income tax calculation How to pay Advance Tax or Self Assessment Tax? If I have paid excess tax how and when will it be refunded? How can I know which form is applicable to my income? What documents are to be enclosed along with the return of income? Where and how am I ...
If the tax paid by you by 15th September of the FY is less than 30% of total tax payable for the entire year, then under Section 234C you are liable to pay simple interest of 1% per month for 3 months (i.e. total 3%) on the shortfall below 30%. ...
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 ...