Form 15G and Form 15H are self declaration forms that the assessee submits to the bank requesting not to deduct TDS on Interest Income, as their income is below the basis exemption limit. The assessee has to provide his PAN Card with the form.
Exemptions & deductions provided under the Income Tax Act helps in reducing the tax liability of persons during each financial year. A lot many of the individuals find the current …
Major Exemptions & Deductions Availed by Taxpayers in India Read More »
In order to provide relief and lessen the burden on small taxpayers, the Governmeny had announced the tax rebate scheme by introducing Section 87A in the Income Tax Act.
Annual Information Statement or AIS is rolled out by the Income Tax Department on the new Income Tax Portal. It is an enhanced version of Form 26AS. Further, it aims …
Important facts about Annual Information Statement Read More »
The due date for filing of belated/revised Income Tax Return for the assessment year 2021-22 is 31st March, 2022
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M in the month of February, 2022 is 30th March, 2022
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB in the month of February, 2022 is 30th March, 2022
Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of February, 2022 is 30th March, 2022
Due date for issue of TDS Certificate for tax deducted under section 194M in the month of January, 2022 is 17th March, 2022
Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of January, 2022 is 17th March, 2022