These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
Income Tax
PAN 2.0: A Digital Leap in Taxpayer Services
The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses …
Defective ITR Notice 139(9) | How to Correct defective ITR
1. What is a Defective Return?A return may be treated as defective on account of incomplete or inconsistent information in …
How to Check PAN-Aadhaar linking for TDS deduction | How to file TDS return
Ensuring accurate TDS deduction based on the linking status of PAN and Aadhaar is must to avoid penalties. Neglecting to …
What is TAN? How to apply TAN
Full form of TAN is Tax deduction account Number, TAN or Tax Deduction and Collection Account Number is a unique …
NIC code list for Udyam/MSME, Company, LLP Registration
The National Industrial Classification Code, commonly referred to as the NIC Code, serves as a vital statistical standard aimed at …
MSME 45 Days Payment Rule-43(b)h, explained with examples – No date extension yet, so do this till 31 March
Introduction: Effective from April 1, 2023 (FY 2023-24 & AY 2024-25), the amendment to Section 43B(h) of the Income Tax …
New Discard Return under Income Tax active – know About Discard Return
Recently from 27 November 2023 Income Tax Portal introduced a new Return option naming Discard Return under the Tab e …
What is Permanent Account Number (PAN)
What is PAN? PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in …
If you sold your property than section 54 can save your tax
A person wanted to shift his residence due to certain reason, hence, he sold his old house and from the …
