What Is TCS Tax-Tax Collected at Source-Section 206C(1H)
What Is TCS Tax-Tax Collected at Source as per Section 206C(1H) applicable w.e.f 01.10.2020 with examples. What is TCS Tax? How to calculate TCS in Income Tax.
Tax Planning
How to fill Form 15G|Form 15G Download|EPF Form 15G
Form 15G: As per the Income Tax Rules 1962, an individual aged below 60 years, is required to submit a declaration in Form 15G to the respective entities such as Banks, Financial institution for not deducting TDS on the interest income.
Income Tax Calculator FY 2020-21(AY 2021-22)Excel Download
Download Excel based Income Tax Calculator for FY 2020-21 & AY 2021-22/ Income Tax Calculator Excel Download/ Simple Income Tax Calculator Excel AY 2021-22.
Rebate u/s 87A for F.Y 2019-20 and A.Y 2020-21
Rebate u/s 87A for F.Y 2019-20 and A.Y 2020-21. Are you eligible to claim the rebate of ₹12,500? Since there has been a tremendous increase in the numbers of income tax return filers in very recent years, the Central Government has embraced this act of tax payers , and as a result, in the Finance Bill … Read more
NRE Account-Learn How To Make More Money With NRE Account
NRE Account is a facility provided by all leading banks of India for Non-Resident Indians, which is maintained and operated in Indian Rupees(₹) only. When an NRI sends his foreign earnings e.g. in US$, the Indian bank converts this into INR and deposits the same in his NRE account. Interest income earned from this account is completely tax-free. No tax is charged on the principal amount either.This account can only be opened by an NRI or person of Indian origin.
Section 80TTB of Income Tax for Senior Citizens
Section 80TTB-Rs.50,000 deduction for Senior Citizens The Union Budget 2018 has introduced section 80TTB of Income Tax to provide for great relief in the form of a deduction from income for the Senior Citizens of India. Since the time has come to file an income tax return for the F.Y 2018-19 and A.Y 2019-20, I … Read more
Double Taxation Relief-Section 90 of Income Tax
Double Taxation Relief-Section 90 of Income Tax Act- What you need to know? Section 90 of Income Tax Act 1961 contains provisions relating to Double Taxation Relief to provide for tax relief from taxing an income twice. More and more numbers of Indians are going abroad to earn their bread and butter. As a result, … Read more
Applicability of TDS/TCS provisions under GST w.e.f 01.10.2018
Applicability of TDS/TCS provisions under GST w.e.f 01.10.2018. New TDS rules for payment to the supplier of Goods and Services w.e.f 1st October 2018.
Long Term Capital Gain Tax. All you need to know about LTCG
Long Term Capital Gain Tax. Learn how you can avoid paying LTCG Tax. There are two types of long term capital gain tax in India. Know all about LTCG tax here.