Post by: Shubham atkari in Income Tax
Difference Between Financial year and Assessment year The phrases “financial year” and “assessment year” are two extremely important terms that all taxpayers should be familiar with to file their taxes and tax returns in a smooth and hassle-free manner. Nowadays,…
Post by: Shushma in Income Tax
Filing Form 35 - Income Tax Appeal Provisions relating to the form of appeal to Commissioner (Appeals) are contained under rule 45 of the Income Tax Rules. As per the said rule 45, an appeal to the Commissioner of Income…
Post by: Chris John in Income Tax
Income Tax eFiling Registration E-Filing or Electronic Filing is the process of submitting income tax returns online with ease. This skips the tedious way of going to the Income Tax Department Office to file returns physically. The main advantage of…
Post by: Sinduja Shankar in Government Initiatives Income Tax
View Book Identification Number (BIN) The Book Identification Number (BIN) quoting has been termed mandatory for government deductors, who are reporting TDS without payment through bank challans. The BIN is a unique verification key, that is disseminated by the Assessing…
Post by: Renu Suresh in Government Initiatives Income Tax
Legal Heir Registration - Income Tax According to the Income Tax Act, 1961, if a deceased person had taxable income in the financial year, the income tax return must be filed by the legal heir. The legal heir has to…
Post by: Daphne in Compliance Income Tax
ITR Filing Online Efiling income tax or electronic income tax filing is submitting income tax returns online. Efiling income tax return is convenient and absolutely free through the Income Tax EFiling website. Because of its convenience and ease of use,…
Post by: Sreeram Viswanath in Compliance Income Tax
Reporting Portal Reporting portal was introduced by the Income Tax department under the Project Insight platform to provide an interface between the reporting entities and Income Tax department. In this article, we discuss the concept of the reporting portal. Reporting…
Post by: Sreeram Viswanath in Government Initiatives Income Tax
TDS Certificate TDS or Tax Deduction at Source refers to a tax collection methodology under income tax law. Any person who is required to deduct tax at source and has deducted TDS must issue a TDS certificate. TDS certificate helps…
Post by: IndiaFilings in Government Initiatives Income Tax
Income Tax E-Filing Registration Income Tax E-Filing Registration is performed by a taxpayer to register with the free governmental facility, namely the Income Tax E-Filing website, that allows taxpayers to file the Income Tax returns online. The Income Tax E-Filing website,…
Post by: IndiaFilings in Income Tax Personal Finance
Tax Free Allowances An allowance is a fixed amount paid to an employee at regular intervals. It is usually paid for meeting a particular requirement connected with the services rendered by the employee or as compensation for unusual conditions. Certain…
