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.

Provident fund under the Head of Business or Profession

Provident fund under the Head of Business or Profession In this particular article I wish to share some of my views about provident fund contribution by the Employer and Employee, its Taxability and deduction under the head of Business or Profession.  The main objective of the provident fund is to give retirement benefit in the […]

Tax Audit Problems & Solutions

Tax Audit Problems & Solutions FREQUENTLY ASKED QUESTIONS ON E-FILLING OF TAX AUDIT PROBLEMS – TECHNICAL ISSUES 1. STEPS FOR FILLING ONLINE TAX AUDIT REPORT What are the steps to be followed for E-filling of Tax Audit Report? Step 1- One Time Registration of Chartered Accountant at E-filling website Step 2 – Login to Assessee […]

What happens if you miss the deadline to file tax returns?

What happens if you miss the deadline to file tax returns? It’s the time when tax returns filing is a priority in every taxpayer’s mind. Individuals have salary income whose total income exceeds Five Lac are mandatory to file their income tax returns. Significant relief for e-filing for this category of taxpayers is no need to get a digital signature. […]