Submission of Income Tax Return of a Deceased Assessee
Submission of Income Tax Return of a Deceased Assessee. If in the middle of the year, an assessee dies, but certain income has accrued to
Submission of Income Tax Return of a Deceased Assessee. If in the middle of the year, an assessee dies, but certain income has accrued to
Tax Collected at Source, Latest TCS Rates in India, TCS means collection of tax at source by the seller (collector) from the buyer (collectee/payee) of the
List of Various Deductions Under Section 80C. deduction under section 80c. Deduction U/S 80C in respect of Life Insurance Premium, Contribution to PF, etc., (Only
Belated Return Section 139(4). Filing of Income Tax Return after Due Date. If the person fails to file the return of income within the time-limit
Belated Return & Revised Return: Missed the income tax return filing deadline? Here’s what you can do. Last Date For Filing of Belated Return. An assessee
How LIC schemes are helpful in Income Tax? This article is for various exemptions available to the assessee while investing in the securities of the
Interest Expenses – Deduction & ITS Assessment under Income Tax Act: The Income-tax Act, 1961 (hereinafter “the Act”) provides detailed provisions to claim a deduction
First time Direct Taxes Code Bill, 2010, introduced in Lok Sabha on 30 August 2010 was referred to the Committee on 09 September 2010 for
Income Tax Assessment Procedure. Types of Assessments as per income tax act. We all know that every assessee whose income exceeds the Basic Exemption Limit is
Additional Depreciation: Here you get information about What is the percentage of additional depreciation and what are the conditions for the allowability of the same.
Situations in which Income of Previous year is taxed in the P.Y Generally, income of the previous year is taxed (i.e., assessable) in the immediately following
TDS on Non residents Section 195 – Any person (resident or non-resident) responsible for paying any sum chargeable under this Act (excluding income chargeable under
What is Franking ? Why Documents Need to be Franking ? This is important Question in Present Time. Everyone Ask What is Franking ? Why Documents
Step By Step Guide To Tax Audit – Tax Audit U/s 44AB AY 2020-21 Including amendments for FY 2019-20. check out Due date of Tax
Chapter VIA Deductions at a Glance, List of all Income Tax deductions from u/s 80C to 80U. Chapter VIA List of All Deductions at a
Depreciation rates as per companies act 2013: Depreciation Rate Chart As Per Companies Act 2013.. Latest New Depreciation Rates issued by MCA (Ministry of corporate
Aadhaar Card and PAN Card Link: it has become mandatory to quote and link Aadhaar number while filing income tax return (ITR), unless specifically exempted.
E-Proceedings of Income Tax (Faceless Assessment): Welcome to the New Era of ‘Faceless’, ‘Jurisdiction-less’ and hopefully ‘Corruption-less’ Eassessment. E-proceedings is an electronic platform for conducting
Income from House Property at a glance: How To Compute “Income From House Property” Basis of Charge [Section 22], When property income is not chargeable to tax?,
Depreciation rates as per the Income Tax Act (For F.Y 2019-20 & AY 2020-21). Depreciation Rate Chart As Per Income Tax Act. Download Depreciation Rate Chart
Assessment Year (AY) & Previous Year. What is Assessment Year (AY) and What is Previous Year (PY). Meaning of ‘Assessment Year’ & ‘Previous Year’ under Income Tax.
Section 194J – TDS on Professional or Technical Service, This article is all about the Tax to be deducted under section 194J for the Professional
Commission payable to foreign agents: Here we are providing complete details about Commission payable to foreign agents is Taxable or Not Taxable. In this article
Exemptions are available under Sec. 80C for Stamp Duty Paid. This article is about the exemption available to the stamp duty paid for the house
Know About Mediclaim Policy & Deduction Under Section 80D. Section 80D provides deduction to an individual or a Hindu undivided family towards medical insurance premium
Loans and deposits u/s 269SS and Section 269T. There are many provisions in the income tax act to curb tax evasion and flow of black
TDS under Section 194A. The topic relating to any TDS section is very much famous and on-going because there can be various complexity regarding the
TDS on payment to contractors Under Section 194C: Any person responsible for paying to any of the contractor for carrying out any work (including supply
E – Assessment Scheme: Union Budget 2019 proposed Faceless Assessment Scheme. The scheme is finally passed by the parliament and subsequently implemented with issuance of
Double Taxation Avoidance Agreements. What is Double Taxation Avoidance Agreement (DTAA). Find Complete Details for Double Taxation Avoidance Agreement like – What is DTAA, Benefits of DTAA, How