The Income tax department has printed the direct tax collection for FY 2022-23 via an official press release. Read PR03rd April 2023Income tax forms 15C and 150 for granting a letter of no-deduction under subsection (3) of section 195 of the Income Tax Act, 1961 through TRACES: Procedure...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last four years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summ...
3. During the FY 2017-18, I have received Performance Bonus of Rs. 2069.00 directly from the company in my bank saving account . I usually file ITR 2 for capital gains. Kindly advice, suggest where should I mention this income of rs. 2069 in my ITR 2. 4. In case it has to be m...
INCOME TAX FY 2020 – 21 Income Tax Slabs: There isNO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes! The tax slabs are determined on age of person. As of today there are 3 slab rates...
Interest payments have spiked for two reasons: the higher interest rates and the ballooning debt. Inflation is back in a big way for the first time in decades, and higher interest rates are working themselves back into the debt as new debt with...
The calculation of this aid is based on the gross operating losses (GOL) according to the follow ing formula: GOL = Revenue + subsidies (such as aid from the solidarity fund) - purchases consumed - consumption from third parties - personnel costs - taxes and similar payments. The scheme is...