Income Computation and Disclosure Standards (ICDS)

Income Computation and Disclosure Standards (ICDS) Income Computation and Disclosure Standards (ICDS) are guidelines using which taxpayers and the Income Tax Department can calculate the taxable income obtained by an assessee in a financial year. The ICDS were framed by…

Income Tax Refund Status

Income Tax Refund Status Income tax refunds are initiated when the taxpayer has deposited payments which exceed the actual tax liability. A refund is calculated by considering the total income of the taxpayer, the deductions and exemptions at the time…
Income-Tax-Calendar

Income Tax Calendar

Income Tax Calendar The Income Tax Department of India requires a person to complete various kinds of compulsory tax formalities, such as filing income tax returns before the due date, paying advance tax on time, and replying to notices sent…