SUMIT BIHANI
Can I file my Income Tax Return even If I have missed Income Tax Returns filling due date 31st of July. Yes, If you miss the July 31st deadline, you can still file a belated return by December 31, ........ View More
Sumit Bihani
PAN Re-Activation for NRIs, Deactivated due to Non-Linking PAN with Aadhaar For a variety of financial transactions and tax-related purposes, the government has made it mandatory to link Aadhaar ........ View More
Step by Step Guide for Income Tax Fillings for NRI Check for your Income Limits if the same exceeds Rs.2.5 Lacks filling of Income Tax Return is Mandatory Determine the residential status in India ........ View More
Applicability of Income Tax Return (ITR) for Individuals Below mentioned chart demonstrates the applicability of Income Tax Forms but few things should be kept in mind while filling Income Tax Re ........ View More
Sumit BIhani
Is it required to file Income Tax Return of a deceased family member? Legal provisions: As per sub-section (1) of section 159 of the Income-tax Act, 1961, where a person dies, his legal representat ........ View More
Section 194N of the Income Tax Act, 1961, deals with the deduction of tax at source (TDS) on cash withdrawals exceeding certain thresholds from a banking company, a co-operative society engaged in car ........ View More
TDS (Tax Deducted at Source) implications can arise in the context of property transactions. TDS is applicable when certain specified transactions, such as the purchase of property, occur. Below are ........ View More
Section 43B(h), introduced in the Finance Act,2023 to ensure that micro and small enterprises are paid promptly for their Goods & Services. The clause applies to all purchases from MSMEs registered un ........ View More
Section 164 of the Companies Act 2013 provides for disqualification for appointment as director of a Company, the disqualifications for being appointed as a director of a company, as outlined in the l ........ View More
Introduction: Navigating the intricate landscape of Tax Deducted at Source (TDS) can be challenging, especially for Non-Resident Indians (NRIs). In this guide, we'll delve into the nuances of TDS fo ........ View More