Article discusses about Order which can be rectified under section 154 of Income Tax Act, 1961, Rectification of Income Tax order which is subject to appeal or revision, Initiation of rectification by whom, Time-limit for rectification, The procedure to be followed for making an application for rectification, etc.
Explore the intricate details of the Trading and Profit and Loss Account format in India, governed by the Companies Act, 2013, and ICAI standards. Delve into components, calculations, and vital insights for comprehensive financial reporting and informed decision-making.
Ministry of Finance reports a record 7.85 crore ITRs filed for all assessment years by 31st October 2023. Detailed analysis of filing trends and procedures.
Notification No. 53/2023– Central Tax: Appeal procedure for GST cases – Tax Deposit Conditions for filing appeals before Appellate Authorities
Learn about Permanent Account Number (PAN), its significance, who needs it, mandatory PAN transactions, application process, and consequences of non-compliance.
Dive into the details of TDS on cash withdrawals under Section 194N. Learn about who needs to deduct tax, rates, exemptions, and more in this in-depth analysis.
In this article, we will delve into Section 112A, explaining its key provisions, and provide answers to 25 frequently asked questions (FAQs) to help taxpayers better understand its implications.
Members of public within India can now utilize India Post services to send ₹2000 banknotes to any of the RBI Issue Offices. This allows for convenient and efficient credit to their bank accounts in India.
Discover India Post Payments Bank (IPPB): history, services, differences from POSB, and who can benefit from this revolutionary banking solution.
Master the intricacies of calculating income tax on your salary in India. Navigate through salary structure taxability, deductions, tax slabs for FY 2022-23 and FY 2023-24, optional tax regime, and special considerations for senior citizens. Our comprehensive guide empowers you to optimize your financial well-being and navigate the complexities of income taxation with confidence.
