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Income tax category offers the audience with complete knowledge of income tax provisions and tax rates in India. Visit here for the latest and trending income tax news, articles, blog and amendments of IT.
So after paying your income tax on time and arranging all the things in place still doesn’t make sense, this thing always clings to the taxpayers who are new to the system and now the time is getting thinner day by day as the last day to file your income tax is July 31, 2022, […]
Even after almost a month of the launch of GST in India, people and businesses are still struggling to accept it completely. Let’s see how people from different areas are reacting to GST and what are their concerns.
National rules have been strictly applied to all the remittances of a foreign nature which is done to a Non-Resident. There are certain slabs and amounts on which there is taxation. The person making a remittance has to deposit a Form 15CA online. In the case of Form 15CB, a certificate is required from a […]
As we all know, TDS is deducted to deposit a certain amount of your salary to the government in the form of tax. Apart from depositing tax, you are required to file a TDS Return as well. TDS Return needs to be filed with NSDL by the deductor at regular intervals. But, what if you […]
A brief introduction to the fat tax, which is particularly liable for food types that are not suitable for large-scale consumption. The Kerala government has introduced the Fat tax for the first time in the state to slow down junk food consumption. The revenue generated from this tax will be used for the development of […]
Indian tax forms are used to document information in compliance with the Income Tax Act of 1961 and in accordance with the Income Tax Rules (codified in 1962), which govern the process of filing income tax returns in India. Two of such forms are Form 3CA & Form 3CB. Latest Update Filing 3CA and 3CB Form Via Software […]
What is The Income Tax Department ‘e-Nivaran’ Scheme? The Income Tax department to promote the paperless environment launched ‘e-Nivaran’, a special electronic system to fast-track taxpayer grievances and ensure early resolution or redressal of their complaints. A separate and dedicated window for grievance redressal in the Income Tax Business Application (ITBA), from now, this recently […]
Find TDS/ TCS return due dates with the time period and last date for filing for AY 2025-26 (FY 2024-25). TDS stands for tax deduction at source while TCS stands for tax collected at source. As per the Income-tax Act, if any person makes a payment to the receiver, then TDS is required to be […]
For widening the taxpayer base and reaching a large number of people who need help with tax things, The Income Tax Department is in the process of establishing over 60 facilitation centres- Aaykar Seva Kendras from Goalpara in Assam to Neemuch in MP. These ASKs will help the people in conducting their personal and business […]