Income Tax Articles
Tax Compliance Tracker for the month of July 2023
Tax Compliance Tracker - July 2023
Guidelines on TCS for Foreign Remittances under the Liberalised Remittance Scheme (LRS)
On June 30, 2023, the Ministry of Finance released detailed guidelines regarding the applicability of Tax Collection at Source (TCS) on various foreign remittances under the Liberalised Remittance Scheme (LRS).
How to Authorize/Register as Representative on Income Tax e-Filing website
To avail the "Authorize/Register as Representative" service on the e-Filing portal, you need to meet the following prerequisites
Chapter VIA (Section 80C) Deduction under IT Act, 1961
Section 80C, Section 80CCC and Section 80CCD (1) |Deduction in respect of life insurance premium, contributions to provident fund, sukanya samriddhi yojana, NSC, NPS, APY etc.
PAN-Aadhaar Linking Deadline: Link Your PAN and Aadhaar Today to Avoid Inconvenience
The deadline to link your PAN and Aadhaar is today, June 30, 2023. If you don't link them by today, your PAN will become inactive. This means you can't use your PAN for things like filing your taxes, getting a refund, or opening a bank account.
TCS Rate chart: What are the applicable TCS rates for FY 2023-24 (AY 2024-25)?
TCS is the tax payable by a seller which he collects from the buyer at the time of sale. This article focuses on the TCS Rates for FY 2021-22 (AY 2022-23).
TCS on Sale of Overseas Tour Package
TCS on Sale of Overseas Tour Package was proposed in Budget 2020. As per TCS provision on sale of overseas tour package. every Seller of an Overseas Tour Programme Package is required to Collect Tax from the Buyer of such Overseas Tour Programme Package.
Enhancing Clarity and Flexibility: Revised TCS Policy in India
This write-up aims to outline the revised policy and highlight its impact on stakeholders by addressing their concerns.
Key Changes in ITR Forms for Filing Income Tax Returns: What Taxpayers Need to Know
The income-tax return filing season is here, and taxpayers need to be aware of some changes in the ITR forms compared to last year.
How to Link PAN Card with Aadhaar Number?
The deadline to link Aadhaar with PAN has been extended several times in the past, and the latest deadline is March 31, 2023. If an individual fails to link their Aadhaar with their PAN by the deadline, their PAN card will become inoperative from April 1, 2023.
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