SENIOR CITIZEN NOT HAVING BUSINESS INCOME EXEMPT FROM ADVANCE TAX As per section 208 every person whose estimated tax liability for the year exceeds Rs.
RECTIFICATION OF MISTAKE UNDER SECTION 154 OF INCOME TAX ACT, 1961 Once you file an income tax return the Income Tax Department processes the return
CBDT ISSUES CLARIFICATION REGARDING FORM NO 10AC Finance Act, 2022 has inserted sub-section (4) in section 12AB of the Income-tax Act, 1961 (the Act) allowing
EVERYTHING ABOUT PRESUMPTIVE TAXATION SCHEME What is the meaning of presumptive taxation scheme? As per sections 44AA of the Income-tax Act, 1961, a person engaged
CBDT NOTIFIES FACELESS PENALTY AMENDMENT SCHEME, 2022 CBDT has notified the amendment in the faceless penalty scheme, allowing mandatory personal hearing through electronic mode to
RENEWAL OR NEW REGISTRATION PROCESS FOR TRUST, SOCIETIES In Union Budget 2020, Finance Ministry had proposed major amendments for granting exemptions u/s 12AA, 12AB and
CONSEQUENCES OF NOT LINKING AADHAR WITH PAN Aadhaar, also known as a Unique Identity number, is a 12-digit number issued by the Unique Identification Authority
PAN, AADHAR IS NOW MANDATORY FOR CASH TRANSACTIONS ABOVE RS.20 LAKH The CBDT vide Notification No. 53/2022-Income Tax Dated: 10th May, 2022 notified a new
CBDT NOTIFIES JSON SCHEME FOR FORM ITR-7 What is the ITR-7 Form? ITR-7 is filed when persons including companies fall under section 139(4A) or section
A DETAILED ANALYSIS ON PROVIDENT FUND (PF) AND EMPLOYEE STATE INSURANCE(ESI) Employees Provident Fund and Employees State Insurance are two social security scheme availably to
