How to check ITR filing status without login: To check the status of your income tax return (ITR) without logging in to the income tax department’s e-filing portal, you can follow these steps: Visit the official website of the Income Tax Department of India at https://www.incometaxindiaefiling.gov.in/. On the homepage, under the “Quick Links” section, click… Read More »
TDS Codes In the Indian context of Tax Deducted at Source (TDS), TDS code denote distinct identification codes assigned to various payment categories for the purpose of reporting. These codes are use while filing TDS returns to indicate the nature of the payment on which TDS has been deducted. The TDS code are specify… Read More »
Is stolen cash deduct in tax returns? When it comes to filing taxes, there are many deductions and credits that taxpayers can claim to reduce their taxable income. However, one question that often arises is whether stolen cash can be deducted from one’s tax return. The answer is not straightforward and involves a deeper look… Read More »
Applicable GST GST extra as applicable” indicates that the price mentioned for a product or service does not include the Goods and Services Tax imposed by the government. The GST amount will add separately to the quoted price, and the final price will include in it. So the GST amount will add to the quoted… Read More »
ITR can be revised ITR can be revise, Yes, it is possible to revise an income tax return after it has been process by the Income Tax Department. Under Section 139(5) of the Income Tax Act, 1961, taxpayers have the option to revise their ITR if they discover any errors or omissions in… Read More »
Service tax Service tax:- However, in 2017, it was replaced by the Goods and Services Tax (GST). Under the services taxation system, services providers were mandated to register with the Central Board of Excise and Customs (CBEC) if their annual turnover exceed a specify threshold. The taxation was levied on the value… Read More »
Temporary GST number In India, there is no provision for obtaining a temporary GST number. A business must first apply for a regular GST registration number by submitting the required documents and completing the registration process. Once the registration is complete, the business will receive a permanent GST identification number (GSTIN), which can be used… Read More »
Clarification for the GST new registration After filing an application for Clarification for a new GST registration in India, the time taken to receive a response can vary depending on various factors such as the workload of the registration authority and the complexity of the application. To Visit https://www.gst.gov.in/ However, according to the GST Act,… Read More »
Terminal tax It refers to the ultimate tax payment that must make by an individual or entity prior to the conclusion of a tax period. This scenario commonly arises for businesses or self-employed individuals who obligate to pay provisional tax throughout the year, estimated based on their projected income. When the tax year concludes, the… Read More »
Difference Between Income tax and income tax return Difference between income tax and ITR, income tax is a form of taxation impose by the government on the earnings of individuals, businesses, and other entities within a given financial year. It operates under a progressive tax system, where the tax rate rises as the income level… Read More »
