67 ViewsIntroduction Filing the Income Tax Return (ITR) beyond the due date will lead to late fees under section 234F of the Income Tax Act,
Category: Income Tax
162 ViewsPAN requirement for cash transactions In this article, we will cover PAN requirement for cash transactions. Currently furnishing PAN is mandatory for cash deposits
253 ViewsDid you know? Unlike basic exemption limit, Rebate under Section 87A is NOT for all Individuals. Section 87A rebate is a tax benefit, which
1,593 ViewsIn this article let’s discuss in detail, is it mandatory to file Income Tax Return (ITR) for FY 2020-21 aka AY 2021-22 for Individual
1,543 ViewsIntroduction In this article, let’s understand about the Sec 194Q applicability. Sec 194Q of Income Tax Act inserted by Finance Act, 2021 & it
1,588 ViewsIncome Tax Rates Slabs in India- AY 2021-22 (FY 2020-21) & AY 2022-23 (FY 2021-22) Budget 2020 & Budget 2021 did not specify any
2,022 ViewsHow to save capital gain tax on sale of residential property? Introduction Before going on how to save capital gain tax on sale of
1,314 ViewsForm 16 of Income Tax is a certificate provided by the employer to the employee in respect of the income tax deducted on the
3,079 ViewsIncome Tax Rates – AY 2020-21 (FY 2019-20) Income tax rates for computation of tax liability of various assessees i.e. Individuals, HUF, Firms (including
2,388 ViewsSec 194N – TDS on cash withdrawal – An easy understanding Government in the Union Budget 2019 has introduced a new provision sec 194N