Sukanya Samriddhi Yojana is the result for promoting girls’ welfare in India. This also helps in saving tax. So must read about it till end and get to know all about it in detail! Image source: Google Depositor: In thisContinue reading… All about Sukanya Samriddhi Yojana(SSY)
In Income Tax Act, 1961, Section 10 is specifically meant to explain all types of Income received which do not form part of Total Income. This section plays an important role in computation of taxable income. So as to understandContinue reading… Income which do not form part of Total Income
Total income of an assessee cannot be computed unless we know his residential status in India during the previous year. So you must learn about what is all written in the residential status in the Income Tax Act of India.Continue reading… Determination of Residential Status
This post is meant to learn various important concepts of Taxation like Definition of Person, Assessment Year, Previous Year, etc. It is important if you a law aspirant or want to excel in Taxation. So must read till end. Person:Continue reading… Some Important Concepts of Taxation you must know!
Income Tax Return is prepared by combining all type of incomes which an Assessee had earned in previous year. So in order to differentiate the manner of dealing with several type of Incomes, there are various Return Forms available soContinue reading… Income Tax Return(ITR) Forms for AY 2018-19
There are many types of Forms given in Income Tax Act, which are practically difficult to recognize. However in actual life, it is greatly used for various compliance purposes. So for better grasp of knowledge at one place, I haveContinue reading… Compiled List of various Forms as given in Income Tax Act, 1961
Financial Budget 2018 brought many kinds of amendments in taxation. Although there was no major relief given to middle class people. Still having a good knowledge of some specific changes from 1st April onwards is important for everyone! In BudgetContinue reading… Changes in taxation from 1st April 2018 everyone should know!
TDS(Tax Deducted At Source) is the tax deducted by deductor before paying any amount to deductee. It is a kind of Advance Tax where the amount of tax is paid periodically as mentioned in the Act. TDS involves two parties:Continue reading… #Learn Taxation: Types of Tax Deducted at Source
Earlier we had learned about Penalty interest u/s 234A, 234B and 234C. Know about it later. Today we will learn all about Advance Tax. Advance tax is tax paid before completion of financial year. It is also known as payContinue reading… #Learn Taxation: Know about Advance Tax!
Many of the people are often confused when they analyse their income tax return, specially in terms of interest penalty charged on tax. One of the baffling interest penalties charged on tax are u/s 234A, 234B and 234C of IncomeContinue reading… #Learn Taxation: Difference between interest charged under Section-234A, 234B and 234C