Category Archives: Traces

Penalty Chart under the Income Tax Act, 1961

Given below is the chart which shows section under which penalty can be imposed, nature of default and quantum of penalty. PENALTIES UNDER INCOME TAX ACT Section Nature of Default… Read more »

Procedure for furnishing TDS through the e-tax payment option immediately after providing the transaction details

E-Payment facilitates payment of taxes online by taxpayers. To avail this facility the taxpayer is required to have a net-banking account with any of the authorized banks. Please follow the… Read more »