Income Tax | GST | Accounting
Income Tax | GST | Accounting
The Income Tax Department (ITD has Launched a new mobile app namely “AIS for Taxpayers”. It will help the taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). This mobile application is provided free of cost by the Income Tax Department, and is available on Google […]
Linking Aadhar with PAN is now mandatory as per the Section 139AA of the Income Tax Act, if you have not linked yet now then still you have a chance to link pan with Aadhar till 31st March 2023 with a penalty of Rs. 1000. In this article, we will learn how to link Aadhar […]
Section 192: Section 192 of the Income Tax Act, 1962 pertains to the tax deduction at source (TDS) for salaried individuals. It lays down the rules for the tax deduction from the salary income of employees and the responsibilities of the employer in this regard. The tax is deducted at the rates in force, as […]
Budget 2023: The Institute of Chartered Accountants of India (ICAI) has submitted the “PRE-BUDGET MEMORANDUM – 2023 for DIRECT TAXES AND INTERNATIONAL TAXATION. In that ICAI stated that: Section 80C – Various suggestions Issue/Justification: PPF is used as a means of savings by entrepreneurs and professionals. While the assessees in employment have the compulsion of […]
Income Tax Rates for Financial Year (FY) 2022-23/ Assessment Year (AY) 2023-24: In this section, you will learn about the normal tax rates applicable to different taxpayers. Normal tax rates for Individuals & HUF The normal tax rates that apply to a resident individual depend on that person’s age. However, regardless of age, the tax […]
