Most states are expected to take the Ordinance way to modify local GST laws, that will allow them to begin taxing casinos, horse racing and online gaming cos
For most of us, retirement might seem like a far cry. But if you start saving for your twilight years right away, not only will you benefit then, but you will also save a great deal on your taxes right now.
Moonlighting is not illegal in India where many do it to supplement their income. However, the income from such secondary job/business are subject to the Income Tax Act and should be reported to the department.
Some people take income tax planning very lightly. Such people also show haste in filling ITR. Due to this, they have to suffer big loss many times.
The Income Tax Department is sending notices to taxpayers. You might also get such notices? Under which sections IT Dept sends notices ? What should you do when you get a notice? How should you reply to such notices?
Income-tax department can issue notices to taxpayers for several reasons. Always respond to these notices.
The buyer of the house needs to deduct tax when making a payment to the seller. The applicable rate of TDS is 1% of the transaction value.
We will tell you entire process of checking your ITR refund status!
Tax experts say that currently refunds are taking 7 to 15 days. The taxpayer should keep checking the status of refund from time to time.
Check refund status on www.incometax.gov.in