Income Tax Articles
Section 67: Power Of Inspection, Search And Seizure
Section 67 talks about the power of proper officers not below the rank of Joint Commissioner to conduct inspection, search and seizure.
TDS on sale of property under migrated E-filling portal
As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.
Section 129: Detention, Seizure and Release of goods and conveyance in transit
Section 129 talks about detention, seizure and release of goods and conveyance in transit where the intent of taxpayer is to evade tax payment.
Section 130: Confiscation of Goods or Conveyance and levy of penalty
Section 130 of the CGST ACT 2017 deals with the Confiscation of Goods or Conveyance and levy of Penalty
Maximizing Your Returns with PPF: Tips and Tricks
Public Provident Fund (PPF) is a highly sought-after investment option for building a long-term retirement fund due to its low risk, moderate returns, and added tax benefits
A Comprehensive Guide to Mahila Samman Savings Certificate 2023
The Mahila Samman Savings Certificate is a new small savings scheme introduced in the Budget 2023, specifically designed for women investors to encourage investments. The scheme is available to girl children or women, and the account can be opened in the Post Office or any authorized bank.
Auto Calculate Income Tax Preparation Software for Non-Govt Employees for FY 2023-24 & AY 2024-25
04 April 2023
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Section 16 of the Income Tax Act | With Auto Calculate Income Tax Preparation Software All in One in Excel for the Non-Govt Employees for the F.Y.2023-24 & A.Y.2024-25
Auto Calculate Income Tax Preparation Software for all salaried persons for FY 2023-24 & AY 2024-25
03 April 2023
28155 Views
According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets.
What is Form 16?
In this article, we understand all about Form 16, including its meaning, eligibility criteria, parts, download process, and linkage between Form 16 and Form 26AS.
FAQs on Statutory Forms & related Services issued by IT Department
IT Department issued FAQs on Statutory Forms & related Services
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