Income tax deductions for salaried employees marks india, Maniraj Anantham It is mandatory for all people who draw a salary from their jobs to pay income tax. A salaried individual needs to pay tax only if he or she draws above the taxable income. Is There Income Tax for All... Incometax salaried Mar 1, 2024 0 1397
Income Tax e-Filings in India marks india, Maniraj Anantham Income Tax e-Fillings Introduction : Income tax is an annual tax that applies to the assets and annual income. Section 4 of Indian income tax under the Act, 1961, describes that every person will pay ... Incometax e filings Feb 29, 2024 0 1417
How to save Income Tax on Income from salary? marks india, Maniraj Anantham How to save Income Tax on Income from salary ? There are many comic instances when the income tax paid by a salaried person exceeded that of an industry. The difference is that all businesses have the... 80c Incometax salaried tax savings Dec 5, 2022 0 1713
Who is eligible to file tax return for FY 2023-24? marks india, Maniraj Anantham ITR form: Who is eligible to file which tax return ? All individuals having taxable income or those who satisfy other prescribed conditions are required to file annual income tax return (ITR) within t... IT Return ITR Incometax Dec 5, 2022 0 1679
House Rent Allowance (HRA) Taxability And Calculations marks india, Maniraj Anantham HRA Introduction: In a growing world, everyone wants to be live comfortably and without relief of worries. Some people have their own business, and some are employees in multiple companies. However, a... HRA Incometax Dec 5, 2022 0 1742
NRI Requires to file Income Tax in India marks india, Maniraj Anantham PART I: Income Tax Basics Determining residential status The conditions to be called as an Indian resident are: ·Staying in India for at least 6 months or 182 days during a financial year Or, ·Staying... Incometax NRI NRI incometax Dec 5, 2022 0 1386
Reasons to get a Notice from the Income Tax (IT) department marks india, Maniraj Anantham Reasons to get a notice from the Income Tax (IT) department 1. For delay filing I-T return as per section 139(1) If you have not filed your return by the deadline, you will receive a reminder notice f... IT Notice Incometax Dec 5, 2022 0 1468
Section 80TTA Deduction- Interest on Bank savings deposit marks india, Maniraj Anantham Section 80TTA – Deduction in respect of interest on deposits in savings account for Individuals (other than Senior citizens) & HUF Section 80TTA provides a deduction of Rs 10,000 on interest income. T... 80tta Incometax Dec 3, 2022 0 1612
Presumptive Taxation Scheme Under Section 44AD, 44ADA, 44AE marks india, Maniraj Anantham Description of taxation scheme According to the Income-tax Act, a person working in a business or technical field is required to keep standard account books and, in addition, must have his or her acco... 44ad Incometax Dec 3, 2022 0 3217
Agricultural Income – Tax Treatment & Taxability marks india, Maniraj Anantham Meaning of Agricultural Income: Section 2 (1A) of the Income Tax Act, 1961 defines “agricultural income” as an income under the following three sources: (i) Any rent or revenue derived from land which... Incometax agriculture Dec 3, 2022 0 2302
New TDS Provision on Purchase of Goods 194Q & 206C marks india, Maniraj Anantham New Section 194Q has been proposed to be inserted which reads as under: - Section 194Q. (1) Any person, being a buyer who is responsible for paying any sum to any resident (hereafter in this section r... Incometax TDS Dec 3, 2022 0 3306
Section 206AB Special provision for TDS for Non-Filers of Income-Tax (IT) Return marks india, Maniraj Anantham Section 206AB “Special provision for TDS for Non-Filers of Income-Tax (IT) Return Section is Applicable: 1. If person require to deduct tax under any of provision of Chapter XVIIB Tax Deduction at Sou... Incometax TDS Dec 3, 2022 0 1748