Save taxes while applying for an education loan The admission fee for higher studies is usually not a small amount and many parents and students find it difficult to arrange for it. Thankfully education loans are available in such situations that enable students to pursue their higher studies smoothly. Additionally, one can also save on […]
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.
Who are required to file & mode of filing of ITR-5 for AY 2014-15 1. Who can use this Return Form? ITR-5 can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person who is required to file the […]
Implement Passbook scheme for TDS, Timley Income Tax Refund The insistence on manual filing of TDS certificates before AO for verification of Income Tax Refund claim should be done away with.The tax deductor’s duties and obligations in terms of making information compliance and also depositing the deducted amount is onerous and they are not compensated […]
I-T returns should also include wealth tax returns I-T returns should also include wealth tax return so that the taxpayer need not separately file wealth tax returns. These returns should also be processed together in the CPC at Bengaluru.
ICAI suggests Generation of Form No. 15G, 15H ,60 and 61 through system Issue – Form No.15G/15H is a form of declaration that has been prescribed for those persons who desire to receive certain specified income without deduction of tax at source. These forms can be used only if the aggregate income of the person […]