ITR-1 SAHAJ: Eligibility, Penalty, How to File Online Return
ITR-1 SAHAJ is a return form of income tax return for filling the compliances with the Income tax department in case of income from Salary,
Income Tax
Income Tax
What is rebate under section 87A and who can claim it?
What is rebate under section 87A and who can claim it?. An individual who is resident in India and whose total income does not exceed
Research & Development Cess – A beginners guide with all details
Government has enacted the Research and Development Cess Act of 1986 to provide for levy and collection of a cess on all payments made for
Why should I pay tax? Know Various Reasons for why we pay income tax
Why should I pay tax? Know Various Reasons. The citizens of India are required to pay Income tax as well as other taxes as per law.
Form 26AS 2020: The Annual Tax Statement OR Tax Passbook
Form 26AS also known as Annual Tax Statement under section 203AA OF Income-tax Act, 1961 provides details of Tax deducted at source, Tax Collected at
TCS Provisions on Sale of Goods U/S 206C(1H) of IT Act 1961
From October 1, 2020, our Government has introduced a new provision for collecting TCS for the sale of goods and depositing the same to the
No TDS on Post Office Recurring Deposit – Check Complete Details
Don’t worry – No TDS on Post Office Recurring Deposit Scheme, No TDS on Post office RD’s, Earlier TDS was not deductible on Recurring Deposits.
Procedure For E-Filling of Tax Audit Report – Detailed Process
Procedure For E-Filling Of Tax Audit Report. Details for E-Filing of Tax Audit Report From Below. We are Providing Full Procedure For E-Filing of Tax
Tax and Digital Economy – A detailed analysis (Digital India)
The digital economy creates many new economic opportunities. Digitalization is transforming value chains in different ways, and opening up new channels for value addition and
Applicability of Tax Audit 2020 – Section 44AB Vs Section 44AD
Applicability of Tax Audit 2020: Tax Audit under section 44AB is an effective tool for the income-tax department to assist them in making assessment of
Do’s and Don’ts in New Pan Card Application 2020 – New Guide
PAN card i.e Permanent Account Number Card is an important document. Whether you need to open a bank account or file an income tax return,
PAN Card – What is PAN Card?, What is PAN Card?, Know your PAN
PAN card i.e Permanent Account Number is an Alphanumeric Code of 10 digits issued by the Income Tax Department. The PAN card is issued to
Form 12BB of Income Tax – Objective of Form 12BB, Areas of Form 12BB
Form 12BB of Income Tax: Central board of direct taxation (CBDT) has recently issued a new form called “Form – 12 BB”. The purpose of this
Section 115BAC, New Income Tax Rates Become Hard Weapon
Inserting Section 115BAC, The New Tax Rate May Become The Hard Weapon In The Hands Of The Department. The Proposal for the payment of “Alternative
TAN Registration, Online Application, Documents, How to apply?
TAN Registration: TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who
Section 44 ADA – Presumptive Tax Scheme for Professionals
Section 44 ADA: Presumptive Tax Scheme for Professionals. Difference Between Section 44AD & 44ADA, Presumptive Income Computation System for Professionals. In this article we provide complete details
Frequently Asked Questions While Filing ITR Form 1 SAHAJ
Instructions for Filing ITR 1 SAHAJ For AY 2020-21. These instructions are guidelines for filling the particulars in this Return Form. In case of any
incometaxindiaefiling – How to Reset Login Password for E-Filing
incometaxindiaefiling – How to Reset Login Password for E-Filing: CBDT Notified income tax return forms for AY 2017-18 and Lot of taxpayers start filing income
Tax Audit Due Date Extended to 31st December 2020: Income Tax
Tax Audit Due Date Extended to 31st December 2020: Dear Professional Colleagues! The Central Board of Direct Taxes (CBDT) has extended the due date of
Income Tax Due Date Extended to 31st January 2021 for AY 2020-21
Income Tax Due Date Extended to 31st January 2021 for AY 2020-21: Due date to file Income Tax Return and Tax Audit extended for FY
Deduction from taxable income in respect of certain payments
Deduction from taxable income in respect of certain payments, Check List of various dedications available in respect of certain payment. Here we are providing full
Section 44AD: Income of Business 8% – Latest Updates
Section 44AD: Income of Business 8% as per The Income Tax Act, 1961. Find Complete for Section 44AD. In this article you can find complete
incometaxefiling – E-File Income Tax Return Online 2020-21, Online ITR
incometaxefiling: ITR Filing for AY 2020-21 is started from April 2020, here we provide complete guidance for E-File Income Tax Return Online 2020-21. incometaxindiaefiling.gov.in is
Various Fines & Penalties Chart under Companies Act 2013
Various Fines & Penalties Chart under Companies Act 2013.here we are providing Complete chart for Fines & Penalties Chart under Companies Act 2013. In this
What is Agricultural Income and its Taxability with Calculation
What is Agricultural Income and its Taxability. This article is about the meaning of agriculture income, how it is calculated, why it is not taxable,
Deemed Dividend – Section 2(22)(e) : check out carious conditions
Deemed Dividend – Section 2(22)(e), Find Everything you want to know about Deemed Dividend U/s 2(22)(e). In this article you can find complete details for
What is marginal relief and how it is computed? – An Analysis
What is marginal relief and how it is computed?. The concept of marginal relief is designed to provide relaxation from levy of surcharge to a taxpayer
Interest on income tax u/s 234A, 234B, 234C – Complete Details
Interest on income tax u/s 234A, 234B, 234C with Examples. Where an assessee fails to pay advance tax or defers the payment of advance tax
Annual Information Statement – One More Step To Curb Tax Evasion
Annual Information Statement Under Income Tax Act, 1961: Section 203AA of the Income Tax Act, inter-alia, requires the prescribed income-tax authority or the person authorised
Overview of Tax Audit : Section 44AD, 44AB, 44ADA, Form No 3CD
Overview of Tax Audit: In recent years, significant changes have been made in Form No. 3CD. Insertion of new clauses in recent years such as clause