Income tax is normally paid after the end of the financial year, however if estimated net tax liability is Rs.10,000 or more during the financial year then tax payer should pay tax in the same financial year Continue reading “What is advance tax and how to calculate ?”
Category: Income Tax
Deep analysis of cash transactions under income tax
Cash is the most liquid asset in the world and gives much more flexibility in business and personal transaction due to its acceptance and its ability to be used for transaction with anyone and at any situations. Continue reading “Deep analysis of cash transactions under income tax”
Why Income tax department send notices Under Section 142(1) ?
Section 142(1) notices is one of the important and frequently sent notices to the assesses it is one of the important notice sent requiring assessee to furnish the return of income or provide such other documents required to be submitted. Continue reading “Why Income tax department send notices Under Section 142(1) ?”
Importance of optimizing income tax and loan goals
Income tax return filing is one of the top priority for every business intending for proper compliance. The importance of income tax filing is well known by business man who wish to expand business Continue reading “Importance of optimizing income tax and loan goals”
How to do income tax salary return filing for salaried person
Income tax salary return filing is easy task compared to other income tax returns, like income tax capital gains return, income tax business returns Continue reading “How to do income tax salary return filing for salaried person”
Capital gains tax on sale of property
Introduction to capital gains
Capital gain taxation is introduced in order to tax transaction involving capital assets which is considerable valued higher in practical sense. Continue reading “Capital gains tax on sale of property”
Know it all about TDS return filing, TDS due dates
TDS means tax deducted at source it means income tax is deducted by the person who make to payment from the amount paid and balance is paid. Amount so deducted is Continue reading “Know it all about TDS return filing, TDS due dates”
Income tax slab rates for financial year 2018-2019 for individuals is here
Income Tax Slabs Rates for Financial Year 2018-2019
Continue reading “Income tax slab rates for financial year 2018-2019 for individuals is here”
Usefull tips on how to make income tax online payment
Income tax online payment is facilitated to provide easy and efficient tax payment system and it is now managed by NSDL E- Governance Infrastructure Limited. Continue reading “Usefull tips on how to make income tax online payment”
Why should you do Income tax return filing properly
Income tax return filing is one of the major step in income tax laws compliance which is applicable to all the business and moreover, Govt had considered problems faced by small business owners & enacted Suitable for provision to give the relaxation in some compliance.
Continue reading “Why should you do Income tax return filing properly”
What is Income Tax, and How Much you need to pay
Broadly Speaking there are two types of Taxes in India one is Direct tax and other is Indirect taxes.
Direct Tax – Income Tax, Wealth Tax (Now Abolished). Continue reading “What is Income Tax, and How Much you need to pay”
