If you missed the extended income tax return filing deadline, there’s still a chance for filing your income tax return. However, there...

The tax returns usually in a predefined worksheet format where the income figures used to calculate the tax liability are written into...

A.Y. 2018-19 : Tax Audit Limit for Businesses: If the total sales, turnover or gross receipt in business for the previous year exceeds...

When actual payment made by the deductor more than the tax deducted at source which want to deductible will be treated as the excess...

Can a return be filed after the due date? Return of income which has not been furnished on or before the due date specified under section...

According to the Section 87A of the Income Tax Act, 1961 : An assessee, being an individual resident in India, whose total income does...

Following are the Primary duties of the person who is liable to deduct tax at source: Obtain Tax Deduction Account Number and quote the...

Due date for filing of income tax returns (ITR) for Assessment year 2016-17 and 2017-18 is over. Now taxpayers need to get ready for AY...

Image Source: Quikchex I. GST Compliances 10-03-2018- Due date for filing GSTR -1 for the month of January 2018 – Applicable for...

Compulsory conditions for claiming deduction under section 80E of income tax act, 1961 for Interest on Education Loans. Image : Wishfin...

According to Section 208 of Income tax Act, 1961, every person whose estimated tax liability for the FY exceeds Rs.10,000 has to pay tax...

Return of income and assessment procedure under Union budget 2018 proposal Mandatory filing of return to claim deduction under the...

Steps for filing TDS/ TCS Statement online: Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be prepared...

Budget proposal for 2018-19 30% of such expenditure will be disallowed, if the charitable trust does not deduct TDS as expenses in which...

Clarification issues by CBDT through Frequently Asked Questions regarding taxation of long-term capital gains proposed in Finance Bill,...

The Indian Income Tax Act clearly specifies the conditions under which a salaried employee can claim tax rebate on interest payment for...

For some people, the tax-planning season has just started. You know that house rent allowance (HRA) and the deduction related to home...

To check tax evasion, the Income Tax Department has stepped up its vigilance against undeclared income. Now, you have to report PAN on...

A. Due dates for Compliances under GST 15-02-2018- Due date for filing GSTR -1 for the Quarter ending Dec 2017 i.e. from m/o Oct to Dec...

Long Term Capital Gains on listed securities i.e. Gain on shares or Mutual Funds held for more than one year was earlier exempt from...