Income Tax Challans
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ORISSA HIGH COURT INFORMS INCOME TAX DEPARTMENT ABOUT BJD’S INCOME
REASSESSMENT OF BJD’S INCOME 2014-15- A case against BJD is going on in the Income Tax Department. BJD stands for Biju Janata Dal, which is a prominent political party in […]
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TDS ON SALARIES OF NUNS AND PRIESTS SAYS KERALA HIGH COURT
DEDUCTION OF TDS FORM SALARIES OF NUNS AND PRIESTS- The Kerala government said that tax should be deducted at the source on salaries of nuns and priests. This is especially […]
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DEADLINES FOR VARIOUS TAX COMPLIANCES EXTENDED BY CBDT
ROLE OF CBDT- CBDT stands for Central Board of Direct Taxes. CBDT is a division of the Ministry of Finances, working under the Department of Revenue. The main function of […]
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GOVERNMENT PAID A HUGE AMOUNT TO FIX GLITCHES IN THE NEW IT PORTAL
NEW INCOME TAX PORTAL- On 7th June 2021, the government had launched a new Income Tax portal. This Income Tax portal had better and new features than the old Income […]
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MAN IN GHAZIABAD POSES AS AN INCOME TAX INSPECTOR
UNEMPLOYMENT A MAJOR PROBLEM IN INDIA- Unemployment is a major problem that the country has been dealing with for many years now. With the increasing population in India, providing employment […]
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REDUCTION IN TAXES; BENEFITS INDIA DURING PANDEMIC
EFFECT ON INCOME DURING PANDEMIC- The pandemic proved to be a very difficult time. The income of people all around the world drastically decreased. As complete lockdown was implemented in […]
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41% INCREASE IN THE DOMESTIC PAY TAX IN JUNE
INCREASE IN DOMESTIC TRAVEL- As the second wave of corvid-19 has come under control, and the people are now given some relaxations; the number of people traveling in the country […]
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NO INCOME TAX ON FINANCIAL AID IF GIVEN BY THE EMPLOYER, EX-GRATIA IN CASE OF DEATH
RELIEF TO THE PUBLIC DURING COVID- With the view of the ongoing pandemic in the country, offices, shops, markets and almost all such places were shut down. People had to […]
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TDS AND TCS RATES ON VARIOUS PAYMENTS EFFECTIVE FROM APRIL 2021
WHAT IS TDS? TDS stands for Tax deductible at source. According to the Income Tax Act, a person or a company is liable to pay a tax that will be […]
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TAXPAYERS MAY NOW HAVE TO PAY DOUBLE TDS FROM JULY
TDS OR TAX DEDUCTED AT SOURCES- TDS stands for Tax Deducted at Sources. As per the Income Tax Act, any person or a company making any kind of payment needs […]
