What if not file Statement of TDS within Prescribed Time Charge of TDS recovered Section 200 (1) of the income Tax Act, 1961 (‘Act’ for short) provides that any person deducting any sum in accordance with the foregoing provisions of bankruptcy XVII shall pay in the prescribed time, the sum so deducted to the credit of […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Penalty Provisions under the Income-Tax Act, 1961 Penalties for default in payment of Self Assessment Tax/ Payment of Tax/failure to comply with notice issued under section 142(1) or 143(2) or direction for audit under section 142(2A)/ under reporting and misreporting of income/ Failure in maintain information and document of international transaction or specified domestic transaction/ […]
Doctrine of considerable compliance Indirect tax laws has prescribed overplus of processes to be followed at completely different purpose of your time to avail of various advantages. However, over and over assessee didn’t abide by procedures in total and there’s dispute between department and assessee relating to availment of advantages to assessee.
Notification of Protocol DTAA between India and Mauritius Notification of Protocol for modification of the Convention for the rejection of double taxation and also the bar of financial evasion with relevancy taxes on financial gain and capital gains, and for the encouragement of mutual trade and investment between Asian nation and Mauritius
Sources of tax deduction can be claim while calculation of total income Tax deductions are the claims made to reduce your actual taxable income. It arises essentially from diverse investments and fees incurred with the aid of the taxpayer. It relies upon to your investments that how a whole lot quantity of tax you may […]