The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities including UK telecom giant Vodafone
The income of freelancers is taxable under the head ‘Profits and Gains of any Business or Profession’. They can file their return with ITR-3 or IT
CBDT has issued Form 12BBA, which will be the declaration required to be filled out by the taxpayer when claiming exemption.
Though employers have to maintain more PF records of their employees, it would translate into higher revenues for the government.
"There is a misconception that if the deadline has been extended, there is nothing to worry about," said Anurag Jain, Partner, ByTheBook Consulting.
TDS: You can ask for a refund when the tax deducted does not match with your actual tax payable
For claiming deduction for pre-construction interest, the construction should be completed within 5 years from taking the loan
Rishabh Jain, founder of Labour Law Advisor YouTube channel, shares insights on how we can overcome the fear of tax.
Form 16 is a certificate in which your employer certifies the amount of salary you earned throughout the year and the amount of TDS deducted
The AAR held that ready-to-cook products such as dosai mixes, idli mix, sold in the name of brand name are taxable at 18% GST.