Income Tax Assessment: Self Assessment, Regular Assessment
Income Tax Assessment Procedure. Types of Assessments as per income tax act.We all know that every assessee whose income exceeds the Basic Exemption Limit is
Income Tax Assessment Procedure. Types of Assessments as per income tax act.We all know that every assessee whose income exceeds the Basic Exemption Limit is
Additional Depreciation: Here you get information about What is the percentage of additional depreciation and what are the conditions for the allowability of the same.
Situations in which Income of Previous year is taxed in the P.YGenerally, income of the previous year is taxed (i.e., assessable) in the immediately following
Step By Step Guide To Tax Audit – Tax Audit U/s 44AB AY 2020-21 Including amendments for FY 2019-20. check out Due date of Tax
Income from House Property at a glance:How To Compute “Income From House Property”Basis of Charge [Section 22], When property income is not chargeable to tax?,
Depreciation rates as per the Income Tax Act (For F.Y 2019-20 and AY 2020-21).Depreciation Rate Chart As Per Income Tax Act. Download Depreciation Rate Chart
Assessment Year (AY) and Previous Year. What isAssessment Year (AY) and What is Previous Year (PY).Meaning of ‘Assessment Year’ and ‘Previous Year’ under Income Tax.
Section 194J – TDS on Professional or Technical Service, This article is all about the Tax to be deducted under section 194J for the Professional
Commission payable to foreign agents: Here we are providing complete details about Commission payable to foreign agents is Taxable or Not Taxable. In this article
Exemptions are available under Sec. 80C for Stamp Duty Paid. This article is about the exemption available to the stamp duty paid for the house
Know About Mediclaim Policy and Deduction Under Section 80D. Section 80D provides deduction to an individual or a Hindu undivided family towards medical insurance premium
Loans and deposits u/s 269SS and Section 269T. There are many provisions in the income tax act to curb tax evasion and flow of black
TDS under Section 194A. The topic relating to any TDS section is very much famous and on-going because there can be various complexity regarding the
TDS on payment to contractors Under Section 194C: Any person responsible for paying to any of the contractor for carrying out any work (including supply
Double Taxation Avoidance Agreements. What is Double Taxation Avoidance Agreement (DTAA). Find Complete Details forDouble Taxation Avoidance Agreement like – What is DTAA,Benefits of DTAA,How
Section 43B Deductions Based Actual Payments,As per section 43B of income tax there are certain expenses which can not be claimed as deduction unless they
Section 194J – TDS on Professional Services or Technical services. TDS is required to be deducted by the service receiver to the service provider under
What is rebate under section 87A and who can claim it?. An individual who is resident in India and whose total income does not exceed
Why should I pay tax? Know Various Reasons.The citizens of India are required to pay Income tax as well as other taxes as per law.