Income Tax

Narendra Kumar

04 Sep, 2019

What is PAN? PAN is the type of computer-based system which assigns a unique identification number to a taxpaying entity in India. PAN is shared across the...

Shreya Patel

11 Jul, 2023

Introduction Tax Deducted at Source, or TDS refers to the responsibility of withholding tax from payments made by one person to another. In accordance with...

Narendra Kumar

29 May, 2019

Income needs to be fairly disclosed to the Government to determine actual tax liability and to discharge the general liability of tax paying resident of In...

Narendra Kumar

01 Aug, 2019

Company registered under Companies Act, 2013/1956 operating and doing Tax Distributed profit business in India. Financial year consisting 1st April to 31st...

Narendra Kumar

22 Jun, 2023

1. What is an Advance tax? Ans. Advance tax is the tax which is paid in advance before completion of the financial year. The Indian Govt. has made a mechan...

Narendra Kumar

01 Aug, 2019

There is a penalty and Punishment Under Income Tax for the various offense. Apart from that the income tax acts launching prosecution proceeding against th...

Narendra Kumar

31 Jul, 2019

To understand the TDS Penalty and late Fee provisions we have to go through first basic provisions of the TDS E.g. Due date of TDS payment, the filing of r...

Narendra Kumar

20 Jun, 2019

Analysis of Tax on Exempt Income u/s 14A Read with Rule 8D under Income Tax Act, 1961 It is well established governing principle of income tax act where it...