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...
Complete TDS / TCS related latest resources and information. It covers Forms - 24Q, 26Q, 27Q, 27EQ, TDS & TCS certificates - Form 16, 16A, 27D
SYSTEM & METHOD OF E-FILING OF INDIVIDUAL INCOME TAX RETURN OR IN BULK. The present invention relates to filing Income Tax Return (ITR) of assesses who are not filing ITR from last several years and Tax Deduction at Source (TD...
Once you have filed and verified your ITR, you can track itsstatuson the Income Tax Portal to check whether it has been processed or not. Processing of ITR can take anywhere from 1 day to 45 days, however, in some cases it can take longer too. If you feel that it is taking too lo...
Senior citizens will be subject to a higher tax deducted at source (TDS): The threshold for deduction of TDS(concerning senior citizens) has been raised to Rs. 50,000, from an earlier amount of Rs. 10,000, Deduction limit increment under Section 80D of the Income Tax Act: The Union Bud...
if not then which order whether rectified or original order need to be attached in ITAT Appeal submission? Mohit sachdeva 27 February 2025 at 15:30 TDS on Freight Payment I have query regarding TDS on freight payment if transporter own less than 10 fleet....
All Updates of Union Budget 2019 on GST, TDS & Income Tax HRA discount now marked up to INR 2.40 lakh Full tax rebate up to 5 lakh annual income while individual having a gross income of INR 6.5 lakh not to pay any tax in case there is the investment in the provident funds and pres...
There are certain services on which GST applies along with the provisions of TDS under income tax. TDS should not be calculated on GST amount, in some cases where payment terms is set as 100% advance, full order value has to be paid as advance payment. In such cases, amount paid to ...
In comparison, TDS is not directly beneficial for the employees. TDS amount is used for developing the nation by enhancing the infrastructure, roads, etc.What things to Consider While Understanding the Difference Between Payroll and Income Tax?
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.