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...
3.7 Computation of income under the head “Income from house property” 3.7.1 Conditions for claim of deduction of interest on borrowed capital for computation of Income from House Property [section 24(b)] 3.8 Adjustment for Excess or Shortfall of Deduction 3.9 S...
If you don’t file your income tax return till due date (31 Aug 22 for FY 2021-22 or AY 2022-23) all is not lost youcan file your income tax return with fine or penalty. If you miss this deadline as well, thenyou will not be able to file ITR unless you receive a notice from...
Computation of the credit on Form 2441. Transfer of the amount to your tax return. 21.6.3.4.1.3.3 (06-21-2022) Form 2441 - Adjusting the Credit (1) If Form 2441, Child and Dependent Care Expenses, is attached, the following items must be completed; Line 1(a) - Provider’s Name ...
During FY 2018-19 and FY 2019-20, he opted for presumptive taxation scheme u/s 44AD. Whether Mr. X is required to get his accounts audited u/s 44AB for F Y 2020-21? X is required to get his accounts audited u/s 44AB(...
Avoid Mistakes While submitting ITR’s For AY24 RJA 27 May, 2023 Avoid Mistakes While submitting ITR’s For AY24 Despite the fact that ITR e-filing has been enabled, Income tax taxpayers are able to start filing their income tax returns for FY 2022-23 (or AY 2023-24). If you are...
Calculation of Advance Tax for A.Y. 2024-25 Now you can send any document or PDF file via Whatsapp or e-mail from the Print Preview of Reporter Return Forms, 26AS, Acknowledgment, Computation, AIS, and TIS files can be imported/sent through the mail You can Download and Import XML/ ...
This section provides various tax tools viz. Income Tax Rates & Slabs, Calculators for computation of Income Tax, Income from House Property, Perquisite Value and useful utilities / information related with Income Tax Act, Tax Planning, Tax Saving Options & Capital Gain etc. ...
The temporary energy tax applies to main operators in the Spanish energy sector for FY 2023 and 2024. Certain entities are exempt from paying if they meet specific net turnover criteria. This tax, payable by the first 20 days of September each year, is calculated at a tax rate of 1.2% ...
For AY 2019-20(FY 2018-19) in ITR-1, tax-exempt incomes have to be reported in the tab, ‘Computation of income and tax’. For AY 2018-19(FY 2017-18) one had to report tax exempt incomes under the tab ‘Taxes Paid & Verification’. ...