Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
According to a recent decision by the Pune bench of the Income Tax Appellate Tribunal (ITAT), if the tax was not deposited, the advantage of tax deduction at source shall not be granted in the intimation under section 143(1) of the Income Tax Act of 1961. According to Section 143(1) of the Income Tax Act […]
For some services, linking your PAN card with your Aadhaar would have been essential just like filing your ITR. 30th June 2023 is the due date to link PAN with Aadhaar according to the notification. Before that, the due date was March 31, 2023. But the fine shall be obligated to be paid for the […]
Towards the willful failure to file the ITR, during maintaining the conviction for an offence under Section 276CC of the Income Tax Act, 1961, a Mumbai court would state that a presumption of the culpable mental state from the taxpayer’s admission could have emerged who files the ITR of the company of which he would […]
To put it briefly, PAN is a ten-digit identification number assigned to individuals who have applied for it. The purpose of introducing PAN was to keep track of taxable financial transactions. PAN card acts as a form of identification and helps prevent tax evasion. Companies, banks, and other business entities can verify an individual’s PAN […]
An Explanation About the Form 10B By filing Form 10A, taxpayers who have applied for or are registered as a charitable or religious trust/institution can file an audit report through Form 10B. This form can be accessed through the ‘My CA service’, where the taxpayer has added a Chartered Accountant and the appropriate form will […]
The people who have undergone the investigation through the income tax department in the former year shall not able to furnish the updated tax returns. Before that, the individuals or businesses who have gone with the investigation in the related fiscal year and the former year cannot furnish the updated tax return, as proposed. Quoting […]
Gen TDS software is designed to reduce compliance steps and make the process of filing the return completely automated. For the self-filling data of several forms, the import and export options make it easier. Even clients who are not technically savvy can use Gen TDS return filing software. It is the most reliable and user-friendly […]
Simple Description of the Income Tax Challan The Challan is a form used by the government for collecting taxes. The Income Tax department receives the tax through a challan first deposited with the authorized banks and then with the challan. The challan can be paid online via net banking or offline at designated bank branches […]
What is Form 16B? The amount of money deducted as property TDS is essentially shown by Form 16B. In this instance, the buyer must essentially deduct the TDS from the property at the time of sale. The amount deducted as TDS on the sale property that the buyer had deposited with the Income Tax Department […]
