(1) Notwithstanding anything to the contrary contained in section 73 or section 74, where a registered person fails to furnish the return under section 39 or section 45, even after the service of a notice under section 46, the proper officer may proceed to assess the tax liability of the said person to the best of his judgement taking […]
The income tax department wants more information from you about your finances and business. The new income-tax return forms released by the Central Board of Direct Taxes (CBDT) for filing returns for the financial year 2017-18 have several new columns. These new forms for various categories of taxpayers are Sahaj (ITR1) , Form ITR-2, Form […]
Form 15CA and 15CB is essential where the business have to make a remittance to NR ( Non Resident) or a Foreign company. In simple words, Form 15CA is a declaration of remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This […]
Form 15CA is a declaration of remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This form helps Income Tax Department in tracking foreign remittances & their taxability. As per Rule 37BB, it is a duty of authorized dealers/banks […]
All persons classified as taxable person under GST are required to obtain GST registration and begin filing GST monthly returns from the month of September, 2017. In this article, we look at the list of documents required for GST registration in India. The list of documents required for each of the form of business is different. Hence, we will […]
SPICe Private Limited Company Incorporation Filing Process is an integrated single point application for Reservation of Company Name, Allotment of DIN for Directors and Incorporation of a New Company along with allotment of Permanent Account Number (PAN) and Tax Collection and Deduction Number (TAN) to the New Company. The following are the documents required for Incorporation of […]
Click here to check the details of your Income Tax refund In this article we will discuss about some issues regarding Income Tax Refund, Just have a look at some most common issues along with their solutions. If you have not received your refund till date, it could be due to the following reasons: […]
Many times it may happen that the taxpayer has paid excess tax as against the tax required to be paid by him. In such a case he is granted refund of the excess tax paid by him. In this article you can gain knowledge about various provisions relating to claim of refund of excess tax paid by […]
The HRA or House Rent Allowance is a subset of an employee’s salary which is provided to cover the cost of accommodation up to a certain percent. As the employee would be spending this amount on accommodation, the government does not expect the employee to pay tax on this amount and the employee can claim […]
If ypu have filed your Income Tax Return, than the next is the verification of ITR-V. There are two ways through which ITR-V can be verified – E Verification of ITR-V & by sending the hard copy of ITR-V to CPC Bangalore. In this article we will discuss about printing and sending ITR-V to CPC-Bangalore. […]