Easy Guide to select correct ITR form for AY 2022-23 As you all are aware that deadline to file income tax return (ITR) for salaried taxpayers and non-auditable taxpayer is 31st July 2022 and it is not expected further to extend due date by the Income Tax Department. According to a recent tweet by Income […]
History of Income Tax in India: Everything you need to know! In this post, we will be discussing everything about the history of income tax in India right from the ancient times. Visit official website of income tax for more information Evolution of Income Tax in India History of income tax in Ancient India Income […]
Section 194Q and Section 206C(1H) of Income Tax Act The intention behind the announcement of ‘Section 194Q and Section 206C(1H) of Income Tax Act’ by the Government is not only to recover the tax and increase the revenue but also to widen the tax base system. The proposed Section 194Q is most similar to the […]
Latest TDS Rate Chart for Financial Year 2021-22 & Assessment Yeare 2022-23/Threshold Limit for FY 2021-22 As per the last Financial Year 2020-21 & Assessment Year 2021-22, due to the Covid-19 pandemic there was a 25% relaxation given in TDS rates w.e.f 14-May-2020 to 31-March-21 by CBDT. However, no relaxation has been given in the […]
In this article, we will know about the detailed TDS Rates Chart for FY 2020-21 (AY 2022-22) As you all are aware that due to the Covid-19 pandemic, the TDS rates for the FY 2020-21 (AY 2021-22) have been reduced by 25% with effect from 14th May 2020 to 31st March 2021 by the CBDT. […]
