TDS on Employees should be on flat rates like professionals
As per Income Tax Act 1961, a Person as defined in Section 2(31) can set off and Carry forward the losses incurred. It has been updated till Budget 2018.
ITR-4S is a special case ITR, applicable for businesses where income is calculated on 'presumptive method'. In simple words the presumptive method lets you report your income as 8 per cent of your gross receipt
The Government of India has, vide Notification dated 17.02.2016, announced "Start up India" initiative for creating a conducive environment for Start ups in India.
Details on who are required to file income tax return before 31st July and what care they should take before filing it
The Income Tax Department allows certain deductions which can be claimed to save tax at the time of filing the income tax return.
Introduction & Its Applicability:Section 115-UB of Income Tax Act, 1961 shall b
The prevailing withholding tax is deducted at source, and is 1% of the consideration payable to the seller. It is the responsibility of the buyer to deduct the tax and deposit the same in the government treasury�
Arjuna (Fictional Character): Krishna, the government has brought the provision of TCS (Tax Collected at Source) on sale of every product or service in income t...
It's wonderful to have clarification vide circular no. 23/20169 dt. 24th June, 20016 from Government. Government had clarified liability to collect Tax a
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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