Section 194C provides for deduction of tax at source from the payment made to resident contractors and sub-contractors. Applicability of TDS under Section 194C Tax has to be deducted at source under section 194C by any person responsible for paying any sum to a resident contractor for carrying out any work (including supply of labour […]
Section 194C – TDS on Payment to Contractors & Sub Contractors Read More »
Section 234D : As per Rule 119A, while calculating the interest payable by the taxpayer or the interest payable by the Central Government to the taxpayer under any provision of the Act: a) where interest is to be calculated on annual basis, the period for which such interest is to be calculated shall be rounded
Section 234D – Interest on Excess Refund to the Taxpayer Read More »
Books of Accounts to be maintained by a person
Section 44AA : Books of Accounts to be maintained Read More »
Annual Information System (AIS) and TIS
Everything you need to know about Annual Information Statement (AIS) Read More »
Authenticate Notice issued by IT Department
How to Authenticate Notice issued by Income Tax Department? Read More »
EVerify ITR using OTP on mobile number
How to EVerify ITR using OTP on Mobile Number Registered with Aadhaar? Read More »
Introduction – Section 154 You can submit a rectification request under section 154 for errors in the processing of your income tax return by CPC. Only mistakes apparent from record is considered for rectification, such as: 1. Total Tax Liability: For example, tax payments not matched as per the CPC order, cancellation of adjustment of
How to Rectify Mistakes under Section 154 of Income Tax Act, 1961? Read More »
E-Verify ITR with Digital Signature (DSC)
How to EVerify ITR with Digital Signature (DSC)? Read More »
Statement of Financial Transaction (SFT) for high value transactions
Statement of Financial Transaction (SFT) for High Value Transactions Read More »
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