Process of filing a Revised Income Tax Return
The process of filing a Revised Return is the same as filing an Original Return. The only difference is that in the Excel utility (Return Preparing Software), you need to… Read more »
Category: Traces
Fees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E – Levy of Fees Failure to submit TDS return on time will result in fees on the… Read more »
Belated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed the amount of tax deductible… Read more »
Important proofs while filing IT return
Following are some important list of the proof used for taking advantages of deductions under sec 80 C of IT act :- 1. Life Insurance Premium : Proof-Premium payment receipt… Read more »
Due dates for filing TDS returns
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax at source while making such payments. In… Read more »
Online Income Tax Return Filing
Online Income Tax Return filing can be done in two ways: (1) Without Digital Signature, wherein the XML is uploaded on the server of IT department, and then the ITRV… Read more »