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 […]
Public Provident Fund (PPF) Scheme Public Provident Fund Scheme Is a scheme govern under the said Act 1968 by the central Government.Scheme is a safe product, And tax beneficial investment, which has low risk, Individuals (residents) are eligible to open their account under the Public Provident Fund scheme. Accounts may also be opened under the […]
Last Few Days Study Tips to Prepare for Practical Subjects How to Study in Last Few Days before Exams. First, Plan your days. Keep two days before exams for the first paper Second, You are left with another twelve days. Divide the twelve days into two parts which gives you 24 parts. Third, You will […]