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.

Duty of Person deducting TDS If Found Short Payment or Mismatch of Challan

Duty of Person deducting TDS If Found Short Payment or Mismatch of Challan Since a many days CPC (TDS) sending notices to deductors. One of the reason for the same is Short Payment of TDS and other one is wrong Permanent Account Number. In view of the close of the month approaching fast, you are […]

Interest u/s 234A, 234B, 234C on income tax payable

Interest u/s 234A, 234B, 234C on income tax payable Failing in discipline of filing income tax return will be liable to you file additional penalties on the amount due. However, there are many of the issues that can result in failure of tax deposits. These issues can be related to individuals or companies. For companies, […]

PPF investment Limit and benefits under Income tax Act,1961

PPF investment Limit and benefits under Income tax Act,1961 The Public Provident Fund is one the the best among of all tax saving investments. By Investing in it you can get a deduction on your income tax. Besides, this you can earn tax – free interest on it. Since it is a scheme run by […]