Tax liabilities of an NRI investing in India are the same as that of a resident investor, but tax is deducted at source(TDS) in case of NRI. TDS is deducted for most of the investments at flat rate irrespective of income slab, unlike the resident Indians. Various investment options , tax...
One of the exceptions to this rule is capital gains. Income tax applicable on capital gains is based on the type of asset and the amount of time you have had it for. The holding period is considered to determine if it is a short-term or long-term asset. The holding duration used to...
There are numerous situations, where an individual becomes eligible for tax refund and they are as follows: - If a tax payer has paid more income tax, than he was liable to, then the tax payer can claim tax refund. If an employer deducts more TDS than the actual tax liability of the...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST with Corporate Laws which are being used by the professionals and business entities in day to day activity.
Income Tax of India Documents: Form No. 16A FORM NO.16A [See rule 31(1)(b)] Certificate under section 203 of the Income-tax Act, 1961 for tax deducted at source Certificate No. Last updated on Name and address of the Deductor
Providing latest updates on Direct and Indirect Tax laws including income tax and GST with Corporate Laws which are being used by the professionals and business entities in day to day activity.
10. The Tax Calendar is based on google app . So , you will never forget the important deadline or whether there is holiday on a particular day. 11. Income Tax Act , Income Tax Rule ebook . This will always be with you to read and refer teh provision of tax law. ...
Tds filing will not be from traces..It will be either through NSDL or from Income Tax website..Traces only for downloading form 16 or tds certificates and other supporting activities CA Puja Sharma (Chartered Accountant) (5010 Points) Replied 15 April 2022 You can add the challan of intere...
vii) the annual accretion to the balance at the credit of an employee participating in a recognised provident fund, to the extent to which it is chargeable to tax under rule 6 of Part A of the Fourth Schedule; a) contributions made by the employer to the account...
Rule 17 (9) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, shall: Lay down the form, data structure, standards and procedure of ,- Furnishing and verification of Form Nos. 10A or 10AB ,as the case may be...