Address and identity proof are two mandatory documents for your PAN card Application. If in case these documents are not available then you can still apply for it without your address proof and identity proof. Below in this article we will let you know how to apply for a PAN card without Address and Identity proof. To apply, you have to take a certificate from a Gazetted … [Read more...] about Applying for a PAN Card without address and identity Proof
Income tax
How to make changes to the existing PAN card?
Correction or changes to Permanent Account Number or PAN details are done only when any data relevant to the PAN card such as applicant’s name, father’s name, birth date, address etc required to be changed and updated with the income tax department’s records. You can obtain a PAN change request form from any TIN Facilitation center or online from NSDL Site or UTI Site. After … [Read more...] about How to make changes to the existing PAN card?
Permanent Account Number – Allotment of Physical PAN Card
Permanent Account Number or PAN is issued by the income tax department in India. Now it’s mandatory to quote a Permanent Account Number or PAN while filing your income tax return in India. PAN is also required to be quoted in transactions such as cash deposit of more than Rs 50, 000, sale, purchase of immovable property or motor vehicle, and other transactions mentioned in … [Read more...] about Permanent Account Number – Allotment of Physical PAN Card
Tax provisions for Employee Provident Fund contribution in India
Employee Provident Fund is a retirement scheme. Credit balance in the employee provident fund includes employee’s contribution, interest on employee’s contribution, employer’s contribution and interest on employer contribution. The sum that is accumulated through EPF is paid at the time of termination or resignation. In this article we will be discussing different income … [Read more...] about Tax provisions for Employee Provident Fund contribution in India
Income Tax Depreciation Rate As Applicable From Assessment Year 2006-2007
Depreciation rates In Income tax indicates how much of an asset’s value has been used up during the year or over the year. For taxation purpose, income tax of India allows depreciation as a business expenses. However the company must depreciate a particular asset according to the rules and depreciation rate specified for that asset under the income tax act. … [Read more...] about Income Tax Depreciation Rate As Applicable From Assessment Year 2006-2007
Useful tips for filing your income tax returns
There are certain things which each and every individual has to keep in mind while filling income tax return. If you are filling your income tax return before the due date then you have a chance to revise or file a modified return in case of mistakes otherwise you will be in trouble and can not revise your income tax return. Here are a few tips to ensure an error-free … [Read more...] about Useful tips for filing your income tax returns
Applicable TDS rates for the financial year 2013-2014
TDS rates for the financial year 2013-2014 is to be deducted when someone makes a payment to the party and that payment falls into the following TDS table. Following TDS rates as mentioned against respected items are applicable. TDS Sections Particulars TDS Rate Cut Off 192 Salaries Average Rate 193 Interest on Securities to a … [Read more...] about Applicable TDS rates for the financial year 2013-2014
Cheklists while filing your rectification of Income tax return
We have listed few checklists that can help you while filing your rectification request of income tax return online. Please follow these checklists and let us know if you are facing any problem while filing your rectification request. While filing your income tax return online, you should use the latest CPC Order instead of using any other prior orders. For example: if the … [Read more...] about Cheklists while filing your rectification of Income tax return
Forms Other than ITR available for income tax e-filling
Followings are the list of 45 forms other than ITR forms available for filling at income tax website. These forms includes form for tax audit, audit report, MAT Computation report etc. List of Forms (Other than ITRs) available for e-Filing Sr NoForm NumberForm DescriptionMode1FORM NO 3CAAudit report under section 44AB of the Income-tax Act, 1961, in a case … [Read more...] about Forms Other than ITR available for income tax e-filling
Tax rate slab for Association of Persons (AOP), Body of Individual (BOI), Firm and Comppanies
Following tax rates are applicable to association of persons or a body of individual, firm and companies for the assessment year 2013-14 and 2014-15. Its required that every such AOP, BOI, Firm and companies pay their income tax liabilities based on the rates that are applicable to the assessment year relevant to the previous year. Following rates that are listed below … [Read more...] about Tax rate slab for Association of Persons (AOP), Body of Individual (BOI), Firm and Comppanies