Unexplained cash credits section 68 of IT Act 1961, where any sum found credited in the books of the assessee, for which he offers no explanation about …. Source: Unexplained Cash Credits – Section 68 – Finance Tool Continue reading Unexplained Cash Credits – Section 68
Every payment made by an employer to his employee for service rendered would be chargeable to tax as income from salary. It includes monetary & non-monetary Source: Computation of Taxable Income from Salary – Financial Tool Continue reading Computation of Taxable Income from Salary – Financial Tool
If your estimated tax liability exceeds ₹10,000.00 for a financial year, you are liable to pay advance tax. Calculate and pay your advance tax. Source: How to Calculate and Pay Advance Tax – Finance Tool Continue reading How to Calculate and Pay Advance Tax – Finance Tool
Deductions Section 80C to 80U of the Income Tax Act, 1961. Deductions under section 80C, 80CCC and 80CCD(1) together cannot exceed ₹150,000.00 Source: Income Tax Deductions Section 80C to 80U – Finance Tool Continue reading Income Tax Deductions Section 80C to 80U – Finance Tool
Any profits or gains arising from the transfer of a capital asset effect in the financial year will be chargeable to income-tax under the head Capital Gains Source: Introduction to Capital Gains – Finance Tool Continue reading Introduction to Capital Gains – Finance Tool
ITR 3 income tax form is for individuals or HUFs who are partners in a firm and not carrying out business or profession under any proprietorship. Source: ITR 3 Income Tax Form – Finance Tool Continue reading ITR 3 Income Tax Form – Finance Tool
ITR 2A is an income tax return form for individuals and HUFs who have salary income and own more than one house property and do not have capital gains. Source: ITR 2A Income Tax Form – Finance Tool Continue reading ITR 2A Income Tax Form
Many investors try to pick the mutual fund based on solely on the fund’s past performance. However, the advertised stellar performance is not a guarantee. Source: How to Pick a Mutual Fund – Finance Tool Continue reading How to Pick a Mutual Fund
TDS or Tax Deducted at Source is means of indirect tax collection by the income tax authorities in India, under the provision of the Income Tax Act, 1961. Source: TDS – Tax Deducted at Source – Finance Tool Continue reading TDS – Tax Deducted at Source
Income Tax Form ITR 2 is for individuals and HUFs who do not have income from business and profession. Read this article to know more about Form ITR 2 Source: Income Tax Form ITR 2 – Finance Tool Continue reading Income Tax Form ITR 2
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