Powerd By SAG INFOTECH
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Taxation is a tough point and has regular amendments in its laws, formats, and policies and can irritate any person. A taxpayer obtains four months to prepare for furnishing the tax returns. In this a tax preparation checklist: 26AS Form and AIS (Annual Information System) Form 26AS would be the consolidated statement that consists of […]
Form 16 would be an essential document for the salaried class people. They assist the employees to find out the total taxes that would get deducted from their salary income, the gross salary which would be furnished in the fiscal year, tax-exempt allowances, and others. According to the income tax laws, a person should obtain […]
Tax Deduction Towards the Employment of the New Employees u/S 80JJAA In which the total income of the taxpayer towards whom section 44AB applies, poses any profits and gains made through business, under the compliance mentioned in sub-section (2), be permitted a deduction of an amount identical to 30% of additional employee cost made for […]
This article elaborates on the income tax, the administrative framework of Income-tax, the Return Filing Period, who is subjected to furnish the tax, what is the method to furnish the tax, precautions in tax payment, when to furnish the tax, advance tax computation, Income Tax Challans, Exempt Income Taxable, Income, Form 26AS under income tax, […]
People used to invest in several tax schemes and avail the of tax deductions to diminish the overall tax payout. But the union budget 2020-21 has shown a new tax regime that provides the concessional rates with seven slabs with no tax exemptions, the old tax regime would be left popular because of several exemptions, […]
Rent or leave and license fees to obtain via the owner of a residential flat, despite when these flats are let out to the corporate entities towards the user via the news employees shall not be levied with GST. the same ruling was being given by the Authority for Advance Rulings (AAR), Maharashtra. Residential flats […]
The Central Board of Direct Taxes (CBDT) has allocated a circular in which rules for Form No. 10AC beneath the income tax act 1961 are stated along with some additional compliance. Finance act 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 permitting the Principal Commissioner or Commissioner of Income-tax for […]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) ruled that tax penalty u/s 271 would not be imposed in the absence of applicable records for the incorrect particulars. The company of the petitioner is engaged in the business manufacturing and the sale of the chemicals. The income tax return was furnished on the […]
In the present times, teenagers have various job opportunities which assist them to get into the workforce and the essential thing is to provide them with an effective environment. These jobs bring a good amount of money to the minors. When the child is beneath the age of 18 and is called a minor and […]
