Post by: Renu Suresh in Income Tax
Launch of New e-filing Portal of the Income Tax Department The Income Tax Department is going to launch its new e-filing portal on 7th June 2021 to make the routine ITRs filing process easier and hassle-free. This is another initiative…
Post by: Shushma in Income Tax
Leave Travel Allowance In order to cover the travel expenses incurred by the employee at the time of leave, Leave Travel Allowance (LTA), also known as Leave Travel Concession (LTC), is provided by an employer to employees. Exemption from tax…
Post by: Bennisha in Income Tax Personal Finance
Income Tax Jurisdiction When a taxpayer is filing an income tax return online, there is a need to be aware of the Income Tax ward and the Income Tax circle. The same information is required for applying a new PAN.…
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: Chris John in Compliance Income Tax
Section 80CCC Deduction Section 80CCC of the Income Tax Act, 1961, provides an annual tax deduction of up to Rs.1.5 laks for individuals who invest in specific pension plans offered by life insurance. As a taxpayer in India, the primary…
Post by: Daphne in Compliance Income Tax
e-Filing Income Tax (ITR) Online for FY 2023-24 (AY 2024-25) The income tax e-filing portal was launched by the Central Board of Direct Taxes (CBDT) to help taxpayers file their income tax returns and other tax compliance procedures. It has multiple tax-related services, including ITR…
Post by: IndiaFilings in Income Tax
Company Income Tax Rate - Assessment Year 2019-20 Companies are the most prevalent and popular form of legal entity for doing business in India. Each year nearly a lakh companies are incorporated in India and the process for incorporation of…
Post by: IndiaFilings in Not-for-Profit
Electoral Trust Electoral Trust is a non-profit organization formed in India for orderly receiving of the contributions from any person. Electoral Trusts are relatively new in India and is part of the ever-growing electoral restructurings in the country. Electoral Trusts are…
Post by: IndiaFilings in Income Tax
Form 15CB - Income Tax Certificate of an accountant ascertaining the nature of remittance and for determining the rate of deduction of tax at source as per provisions of Chapter- XVII-B. Income Tax Form 15CB is a form that is required…