Hey, This is Ravi Kumar, and today I will let you know the due date and return filing dates for TDS & TCS with late fees. What is TDS? TDS stands for Tax Deducted at Source. It’s a mechanism introduced by the government to collect taxes at the source of […]
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Income Tax Outstanding Demands Waived Effective February 2024
Hey everyone! I’ve got some exciting news for all you taxpayers out there. Guess what? The government has come up with a plan to make some of your outstanding income tax bills vanish into thin air, starting from February 2024. Yup, you heard it right – you might not have […]
Continue readingWhat are the New Tax Regime and its benefits?
Income tax is like a bill we all have to pay to the government if we earn a certain amount of money. It’s the government’s way of collecting money to pay for things like roads, schools, and hospitals. The rules about how much we have to pay and when can […]
Continue readingFee for professional services and technical services under section 194J
Hello Friends, In my today’s blog, I will let you know about section 194J of the Income Tax Act. What is it? Section 194J of the Income Tax Act, 1961, mandates the Tax Deduction at Source (TDS) on payments made for professional or technical services rendered by resident individuals or […]
Continue readingWhat is the TDS section 194D?
Hi everyone! In my today’s session, I will let you know the TDS sections 194D What is the TDS section 194D? Section 194D is a part of the Income Tax Act in India, and it’s about TDS (Tax Deducted at Source) on insurance commission. If you pay someone a commission […]
Continue readingWhat is the TDS section 194H
Hi everyone! In my today’s session, I will let you know the TDS sections 194H What is the TDS section 194H Section 194H of the Income Tax Act is about deducting income tax when someone pays a commission or brokerage to a resident. It applies to individuals, Hindu Undivided Families […]
Continue readingTDS section 194R of the Income Tax Act
Hi everyone! In my today’s blog, I will let you know the TDS section of 194R. What is TDS section 194R? Section 194R of the Income Tax Act, 1961, introduced in the 2022 Union Budget, mandates the deduction of tax at source (TDS) on benefits or perquisites (perks) provided to […]
Continue readingHow to pay Professional Tax through the NIC portal
Hi everyone, In my today’s blog session, I will let you know how to pay the professional Tax through the NIC portal. Introduction of NIC Portal The NIC Portal is a website created by the Government of India to make it easy for people to get information and use online […]
Continue readingHow to check the INCOME TAX Refund status? | TIN NSDL.
Hey all, In this blog, I will you know how to check the ITR refund status Online. What is INCOME TAX? Income tax is a direct tax levied by the government on the income earned by individuals, businesses, and other entities within its jurisdiction. There are many sources to collect […]
Continue readingBe aware of the ITR form before filling out the ITR returns.
Hey all, welcome to my blog. Today I am gonna give a good clarification about the Tax regime forms. We all know that there are two types of forms available for opting new tax regime and an old regime. But the assessee has no idea about this form. Form name:- […]
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