Centralised Verification Scheme

Centralised Verification Scheme The Centralised Verification Scheme, 2019 was introduced by the Central Board of Direct Taxes, vide notification dated 30th January 2019. As per the scheme, the Centralised Verification Centre would be set up, wherein, income tax notices and the processing of…

Advance Payment of Tax

Advance Payment of Tax According to Section 208 of Income tax Act, 1961, every person whose estimated tax liability for the FY exceeds Rs.10,000 has to pay tax in advance. Section 208 of Income Tax Act According to Section 208…

Types of taxes in India

Types of taxes in India “Taxes are paid and nations are made”. However not many are aware that government asks to pay taxes in different manners. Taxes are financial charges imposed on an individual or a company by central government…