Maniraj Anantham Income Tax e-Filings in India 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 GUIDE
Maniraj Anantham How to save Income Tax on Income from salary? 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 GUIDE
Maniraj Anantham Who is eligible to file tax return for FY 2023-24? 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 GUIDE
Maniraj Anantham House Rent Allowance (HRA) Taxability And Calculations 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 GUIDE
Maniraj Anantham NRI Requires to file Income Tax in India 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 GUIDE
Maniraj Anantham Reasons to get a Notice from the Income Tax (IT) department 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 GUIDE
Maniraj Anantham Section 80TTA Deduction- Interest on Bank savings deposit 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 GUIDE
Maniraj Anantham Presumptive Taxation Scheme Under Section 44AD, 44ADA, 44AE 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 GUIDE
Maniraj Anantham Agricultural Income – Tax Treatment & Taxability 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 GUIDE
Maniraj Anantham New TDS Provision on Purchase of Goods 194Q & 206C 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 GUIDE
Maniraj Anantham Section 206AB Special provision for TDS for Non-Filers of Income-Tax (IT) Return 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 GUIDE
Maniraj Anantham Declaration under section 206AB of Income Tax Act, 1961 To, (NAME OF THE BUYER/ SERVICE PROVIDER) Dear Madam/Sir, Subject: Declaration confirming the filing of Income Tax Return for immediate two preceding years This is in respect to payments due or paymen... Incometax TDS Dec 3, 2022 GUIDE
