Prime Minister speaks (Mann Ki Baat) on Income Declaration Scheme The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the benefits of declaring hitherto undeclared assets under this scheme. He asked people to declare their undisclosed income and assets, making […]
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.
All which you want to know about Brexit What took the world, the economists and the markets by a shock, took most of us to boozing heads about what exactly was Brexit and why did UK’s exit or remain in the EU actually mattered. Let’s decode:
Income Tax Returns you should file or Not ? The New Financial year has been started so far and the due dates of efiling of Income tax returns for last financial is now close for individuals and those are not in 44AB,so every one wants to know that they are cover for filing of ITR […]
TCS on Cash Sale – Notification Amendment in section 206C of the Income Tax Act vide Finance Act 2016 -Clarification regarding In order to curb the cash economy, Finance Act 2016 has amended section 206C of the Income-tax Act to provide that the seller shall collect tax at the rate of one per cent from […]
Why you need TDS certificates when Form 26AS provides all information One can gather all information related to TDS in Form 26AS which is sufficient to file one’s return. This might make you doubt the importance of TDS certificates but the rationale behind introducing Form 26AS is to enable the taxpayer to cross check the […]