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.
Section 80C of the Income Tax Act 1961 allows for a deduction of up to Rs 1,50,000 on specific investments
Investors should pay advance tax on capital gains each quarter instead of waiting to make payments while filing ITR after the end of financial year
ITR filing: Mohnish Wadhwa, Partner, Wadhwa & Shah, says taxpayers are facing problems in updating their profiles to 100% level
Tax savings: You can buy tax savings bonds from all public sector banks such as SBI, PNB, BoB and big private banks like HDFC Bank and ICICI Bank
The income tax department has updated its portal to capture the extended deadline of filing returns
The new income tax website continues to show the old due date of 31st July 2021 instead of the extended deadline of September 30, 2021
Sujit Bangar, founder, Taxbuddy.com, addresses the query of Namit Korgaonkar, who is asking whether his father should use ITR form-1 or ITR form-2.
A three-rate structure is very important and there is also a need to fix inverted duty structure as far as the GST is concerned, K V Subramanian said