Sections 206AB & 206CCA Made Simple for Businesses Overview TDS/TCS Compliance became much stricter after Sections 206AB & 206CCA were introduced under the Income Tax Act. These provisions required businesses to deduct or collect tax at higher rates when dealing […]
TCS (Tax Collected at Source) On sale of Goods- New Income Tax Compliance w.e.f 01.10.2020 With a view to widening the tax net, the Indian government has extended the scope of Tax Collected at Source (“TCS”). The Government of India […]
New features and Changes on New Income Tax Portal 2.0 A few days ago, an announcement was made by the Income Tax Department that the Income Tax Portal shall have new changes to make return filing easy, faster, and most […]
CBDT gives relief to the taxpayers by granting Extension in various due dates for Income Tax Filing As the country is facing a severe crisis and the whole country is struggling to cope with the pandemic, the central Board of […]
Income Tax Return Filing- Online ITR filing for the FY 2020-21 (AY 2021-22) The government has notified the ITR (income tax return filing) online forms for the FY 2020-21 via a notification dated March 31, 2021. Amid the on going […]
Income Tax Rates Slab for FY 2021-22 or AY 2022-23 in India Looking for the Income Tax slabs and rates for the financial year (FY) 2021-22 or Assessment year (AY) 2022-23 in India? This article might help you discover the […]
PAN Card Password for Individuals, HUF, Partnership Firm, OPC, LLP Pvt Ltd Company You can download your E-PAN Card online from the official website of the Income Tax Department of India, which is https://www.incometaxindiaefiling.gov.in/e-PAN/. When you apply for an E-PAN […]
Form 16A Password Format: Steps to Open the TDS Certificate Introduction The Form 16A password is required to open a non-salary TDS certificate downloaded from the TRACES portal. According to the official TRACES guidance, the deductor’s TAN entered in capital […]
Residential status and Income Tax Return- the Co-relation between the two Introduction To determine the liability to pay income tax in any country by a person, first we need to determine the residency of such person based on which its […]
