In this article we have covered Meaning of Permanent Account Number (PAN), Its Utility,Procedure to Obtain PAN, Transaction in Which PAN is Mandatory, How to correct…
Continue Reading....Category: Income Tax
Tax Collected at Source (TCS)
TAX COLLECTED AT SOURCE (TCS) 1. Tax collected at source (TCS) is an extra amount collected as tax collected by a seller of specified goods…
Continue Reading....Income Tax Return – Easy to File
“Death and taxes in life are certain, knowing how to pay only your fair share is third.” – Yvette D. Income Tax Return (‘ITR’), an…
Continue Reading....Income Tax Return : No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares
There was a report in certain section of media that stock traders/day traders are required to furnish scrip wise details in the return of income…
Continue Reading....Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS)
1. In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the…
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