by Admin | Apr 15, 2023 | Income Tax
Section 270A of the Income Tax Act gives the details about the provisions of penalties for under-reporting and misreporting of income. section 278 was inserted after section 270 of the Income Tax Act with effect from April 1st of 2017. The purpose of introducing the... 
by Admin | Apr 14, 2023 | Income Tax
The Income Tax Department of India has set up a wide network of helplines to sort out the queries of taxpayers. Any kind of query related to Income Tax like e-filing, rectification, ITR, refund, TDS status, etc., can now be directly asked through these helpline... 
by Admin | Apr 13, 2023 | Income Tax
Mumbai contributes more than 6.6% of the Indian economy. If we talk about income tax alone, Mumbai’s contribution is 30% of the overall tax collection of India. This state is the hub of generating massive revenue and jobs for a population of about 2.7 crores who... 
by Admin | Apr 13, 2023 | Income Tax
Section 192 of Income Tax Act talks about the tax deduction at the source of salary. The person who pays the salary is responsible to deduct TDS at the time of crediting the salary. The TDS is deducted based on the tax rates applicable to the estimated income of the... 
by Admin | Apr 12, 2023 | Income Tax
The taxpayers need the computation sheet of income tax to analyze their taxes and investments. After filing an ITR, the taxpayer is required to get the acknowledgment of their paid taxes by ITR-V. Once the taxpayer has the acknowledgment number of the ITR filed they...