Overview of section 194P on relaxation from filing of ITRs. Section 139 of the Income Tax Act provides that every person being an individual shall furnish a return of his income if his gross total income during the previous year exceeded the basic exemption limit. Section 194P of Income Tax Act was implemented in order …
Certified Tax Return cannot be True copy The CA on a certificate or issue of any document attestation is of immense value since it usually signifies that the Chartered Accountants, in his expert opinion, which is ensured that there is no misrepresentation by the origination filling or issuing such a kind of certificate Chartered Accountants …
Is you don’t willing to Pay Income Tax ? The Financial Year 2022–2023 hopefully went well. The Next financial year about to start. However, let us know if it was successful in terms of your income tax planning. NO? The majority of us put off planning our income taxes until the very last day of …
Point to be taken care while filling Online Income Tax E-filing Confirm that the pre-filled details are correct by verifying PAN, permanent address, contact information, bank account information, etc. Find the appropriate return for you (from ITR-1 to ITR-7). Provide all pertinent information in the return, including the total amount of income, any deductions, any …
Directorate of Income Tax (Systems) issue instruction to AO on time bound reply to response against intimation U/S 245 Central Board of Direct Taxes has issued Instruction No. 06 of 2022 to the AO for response to notice / intimation U/s 245 issued by Centralised Processing Centre Bangalore for decreased in timeline for filling response …
Access or Availability to Chartered Accountants Audit Reports & Steps in The Process Flow for audit report & online Filing 2.0 The post includes a list of 22 audit reports and information on how to file them, as well as Process Flow Steps In Online Filing 2.0 on the New Income Tax Portal for all …
Form 15CA & 15CB- Revised rules related to Filling Form While making payments outside India it is needs few compliances. These compliance to be done form 15CB & 15CA, when it is need. The several transaction where you required to field this form as per explained in this article. ` Before sending the payment to …
Overview on Taxation of Income From Capital Gains Meaning of Capital Gain Any profits or gains arising from the transfer of a Capital Asset effected in the previous year. Such profit will be chargeable to tax u/h of Capital Gain. Capital gains apply to any type of asset, including investments. The gain may be short-term …
FAQ’s online ITR Filing of bloggers income. Q1. How do bloggers file taxes? Tax Filing is liable to be paid on income accrue & arise from doing blogging services in India. Most significant benefit of Tax payment on time & filing Income tax return is that only earning you filed on your income tax tax …
Who can claim deduction U/s 24B of the Income Tax Act? Income tax deduction can be claimed for 2 or more housing loans. The deduction U/s 24B can also be claimed for 2 or more houses. For claiming deduction U/s 24B, Person must be the owner of the house property & also loan should be in …