Income Tax

TDS Return Filing

22nd May 2019

TDS Return Filing Tax Deducted at Source or TDS is a source of collecting tax by Government of India at the time when a transaction takes place. Here, the tax is required to be deducted at the time money is credited to the payee’s account or at the time of payment, whichever is earlier. In […]

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Business Tax Return Filing

22nd May 2019

Business Tax Return Filing What is a business tax return? A business tax return is basically an income tax return. The return is a statement of income and expenditure of the business. Also,  any tax to be paid on the profits made by you is declared in this return. The return also contains details of […]

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Income Tax Notice

22nd May 2019

1. What is an Income tax notice? After an Individual / Assesses (also known as tax payer) file their Income tax return, it is processed by the Income tax Department. If there is any mistake / error / discrepancy noticed in the Income tax return filed, then the same is intimated to the Assesses by […]

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ITR-7 Form Filing

22nd May 2019

ITR-7 Form Filing ITR-7 Form can be used by Companies, Firms, Local authority, Association of Person (AOP) and Artificial Judiciary Person that are claiming exemption as one the following : Charitable /Religious trust under Section 139 (4A) Political party under Section 139 (4B) Scientific research institutions under Section 139 (4C) University or Colleges or Institutions […]

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ITR-6 Form Filing

22nd May 2019

ITR-6 Form can be used only by Companies. Only companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes) can use the form to file their Tax Returns with the Income Tax Department of India. Who can use ITR-6 Form ? ITR-6 must be filed by companies […]

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