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 … Read More » "Useful tips for filing your income tax returns"
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 » "Applicable TDS rates for the financial year 2013-2014"
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 … Read More » "Cheklists while filing your rectification of Income tax return"
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 No Form Number Form Description Mode 1 FORM NO 3CA Audit report under section … Read More » "Forms Other than ITR available for income tax e-filling"
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. … Read More » "Tax rate slab for Association of Persons (AOP), Body of Individual (BOI), Firm and Comppanies"
Different Income Tax Return or ITR forms are specified for different category of persons to fill up and submit their income tax return in that specified format. Followings are different Income Tax Return forms as specified in IT Act; Income Tax Return (ITR) forms Applicability of ITR forms ITR1 For individual having income from salary/one … Read More » "Which Income Tax Return Forms to choose for tax filling"
Income Tax Rates for the assessment year 2013-14 will be applicable to the financial year ending 31st March 2013. This means its application for the income generated between the 1st of April 2012 to 31st March 2013. Different slab rates are mentioned in IT act for different categories of persons and based on this a … Read More » "Income Tax Rates for Assessment Year 2013-14 -For Individual and HUF"
Income tax payments can be done online by a person who is having net banking facilities in any approved bank like HDFC, SBI, and ICICI, etc. If you do not have net banking account then you can use your friend’s, relative’s or any other individual’s bank account for payment of your tax. However, while paying, … Read More » "How to pay Income tax online in India"
Form 26AS is a very essential document for filing IT return. When you pay income tax at the end or in between the financial year against your Permanent account number (PAN), it automatically gets reflected in a statement maintained by the IT department known as Form 26AS or Income Tax Credit Statement. If someone else … Read More » "How to check form 26AS online – Income Tax credit statement"