Why Revised Return Concept Under Income Tax Law
March 20, 2021
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Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
Any service or business sector or manufacturing industry can claim additional deduction of 30% of salary paid to their additional
Who is responsible to deduct tax under section 194LBA? An individual who makes payment of income according to the section
The Income Tax Act- section 54 endows exemption for ‘Long Term Capital Gain’ arising on sale of residential property. Let’s
As a taxpayer, you might be claiming different expenses & exemptions to lesser your income tax liability, but do you
As we know that the union budget comes into effect recently, Union budget of 2021-22 highlights that senior citizen above
Deferred Tax Liability (DTL) and Deferred Tax Asset (DTA) forms an essential part of Financial Statements. This adjustment made at
Section 194E deals with the provisions of TDS deduction on payment to a non-resident sportsmen or sports association. According to
Income tax return filing is a scheduled procedure of every taxpayer and has to be filed every year. The income
When the same income of yours is taxed more than once, it creates double taxation. This can be done when
