Procedure for online submission of statement of deduction of tax: IT Notification No 6/2016
CBDT Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200
CBDT Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200
Taxpayers account for just about one per cent of India’s population, but tax outgo was over Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.
Committee was constituted by the Central Board of Direct Tax, to recommend standard definitions of certain commonly used terms relating to direct tax
It becomes even more challenging in case of ancestral property or gifts that you get through inheritance. How can you estimate the value of something that has been purchased years ago?
Taxpayers can select to login with any one or multiple options of the higher security methods namely – using Aadhaar linkage to generate OTP, Login through Net-Banking or Login using Digital Signature Certificate (DSC)
Newly notified Form 35 has been enabled for taxpayers mandated to E-file their returns using Digital Signature Certificate.
The ‘tax calculator’ is an online computer-based programme hosted on the website of the tax department and is meant to help taxpayers or filers assess their tax liability.
Even the simplest form ITR -1 (Sahaj) for salaried individuals having one house property is now a seven page form instead of five pages earlier and has an additional column to mention tax collected at source.
Interest credited/received on deposits is taxable unless exempt under Section 10 of the Income-tax Act. Such interest income should be shown in the return of income even in cases where Form 15G/15H has been filed
This story is aimed at taxpayers who are thinking about tax saving and still have to invest under Section 80C. As a first step, calculate how much more you need to invest.
With the appraisal season round the corner, it’s time to optimise your CTC in accordance with the latest tax rules to reduce your tax outgo in 2016-17.
Secretary, National Council (Staff Side) has made a request to defer Income Tax on withdrawal of PF 60%