Income Tax

Clarification regarding deduction of TDS u/s 192 read with section 115BAC(IA) under Income Tax, 1961

Vide Finance Act, 2023, sub-section (lA) has been inserted in section 115BAC of the Income-tax Act, 1961 ( the Act) to provide for a new...

Partial relaxation with respect to electronic submission of Form 10F by select category of taxpayers

Reference is invited to Notification No. 03/2022 dated 16th July 2022 issued by Directorate of Income Tax (Systems) New Delhi in exercise...

HOW TO CALUCLATE TOTAL INCOME UNDER INCOME TAX LAW

The taxes on income can be finalized only on the completion of the previous year. However, to enable a regular flow of funds and for...

Tax deductions available to a Salaried Person under Chapter VIA of the Income Tax Act

In this article we have shared the deductions available to a salaried person under income tax law to reduce his income tax liability....

NEW PROCEDURE FOR INCOME TAX PAYMENT THROUGH INCOME TAX PORTAL WWW.INCOMETAX.GOV.IN

1. Overview The Generate Challan Form (CRN) service is available to all the users in e-Filing portal. With this service, you will be able...

CBDT ISSUED FAQs FOR CO-BROWSING FEATURE ON INCOME TAX PORTAL

1. What is Co-Browsing and how does it help Taxpayer service? Co-browsing, also known as collaborative browsing, allows the Helpdesk...

FAQs ON CSI (CHALLAN STATUS INQUIRY) FILE BY INCOME TAX DEPARTMENT

FAQs released by Income tax department on income tax porta on 06th November 2022 regarding challan status inquiry (CSI) file as shown below.