Tax

Employees Provident Fund Organisation EPF Online Payment.

EPFO department has made easier for the employer to pay contribution online by launching online receipt of Electronic Challan cum return (ECR). However employer is required to register its enterprises after that id and Password will be created through this portal from 15 September every enterprises required to register online mandatory. Payment is to be …

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Different ITR’s Form Types of ITR , ITR-1,ITR-2, ITR-3, ITR-4, ITR-5, ITR-6

What is ITR? ITR means Income tax return. It means any Individual, firm , company etc need to file their Income Return and need Tax pay to the Income Tax Department, Different ITR Form is given by the income Tax department depend on the sources of Income of Taxpayer. Who and When Should ITR be …

Different ITR’s Form Types of ITR , ITR-1,ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 Read More »

Residential Status Of Individual Section 6

Residential Income determines whether income shall be taxed or not, connection of the person with the country. There are three category under which Residential status of individual is defines. Residential and Ordinarily Resident(ROR) Resident but not Ordinarily Resident(RNOR) Non-Resident(NR) Residential Status of Individual (ROR) In India a person  is said to be Resident in previous …

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Payment of Tax In Advance or Due Date for Advance Tax ,Due date of filing ITR 2019-20

In General person should estimate his Income and pay Tax in Advance .However Exact Income is calculated at the end of the year If Tax Payable is more than 10,000 Rupees than Advance Tax  shall be payable by the person during the year However for estimation of his current income  and payment of Advance Tax …

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Deduction under Section 80QQB Royalty Income, Section 80RRB Royalty on Patents

Deduction under Section 80QQB This Deduction is allowed to Author who is Resident of India Income should have generated through copyright in book not text-book for school or colleges but from literary artistic or scientific nature. Deduction Allowed is lower of Royalty Income or Rs 3,00,000 Royalty income should be ignored if it is excess …

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Tax Deducted at Sources (TDS) Sec 192,193, 194A,194C, 194G, 194H, 194I, 194IA, 194IB

Deduction at source (TDS) Tds means Tax Deducted at source. Even if we calculate tax in the assessment year, according to income tax every person shall be required to pay tax either through Advance Tax or TDS. Assessee is required to Pay Advance tax if Tax was to be deducted at source but it has …

Tax Deducted at Sources (TDS) Sec 192,193, 194A,194C, 194G, 194H, 194I, 194IA, 194IB Read More »