5 easy steps to AIRThe data structure (file format) in which the AIR is to be prepared is given below: Data Structure (File format)Prepare AIR in accordance with the file format in clean text ASCII format. AIR can be prepared using in-house software
ANNUAL INFORMATION RETURN (AIR) Annual Information Return (AIR) of 'high value financial transactions' is required to be furnished under section 285BA of the Income-tax Act, 1961 by 'specified persons' in respect of 'specified transactions' registere
What is e-tax payment?Ans. This is a facility provided to the taxpayers to make income tax payments through internet using net-banking facility. Can I use this facility to pay income tax?Ans. You can, if; a) You have a bank account with net-banking f
Procedure for e-payment: 1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.2. Enter its PAN / TAN as applicable. There will be an online check on the validity of