Details of Form 172 filing, eligibility, due date, documents, process, and penalty for non-compliance under Income-tax Act, 2025.
Individuals must file Form 171 to become authorised tax practitioners. Without approval, they cannot represent taxpayers before authorities.
AIS provides a full record of financial transactions linked to PAN. It helps taxpayers verify income and avoid reporting errors.
Non-resident entities must file Form 162 annually to report liaison office activities. Failure can result in penalties and regulatory action.
The tax authority issues Form 159 only after verifying compliance through Form 158. Without this certificate, specified individuals cannot leave India.
Individuals directed by tax authorities must file Form 158 before leaving India. The rule ensures tax compliance, failing which departure may be restricted.
This explains when and why a demand notice for advance tax is issued based on estimated income. It highlights the obligation to pay instalments and the consequences of non-compliance.
Form 143 under the Income-tax Act, 2025 is a mandatory quarterly statement filed by collectors to report tax collected at source (TCS) on specified transactions such as sale of goods, scrap, liquor, tendu leaves, foreign remittances, and tour packages. Replacing the earlier Form 27EQ, it must be filed electronically within prescribed quarterly due dates. The […]
Employers must file Form 138 quarterly for salary TDS reporting. Timely filing ensures accurate tax credit to employees and avoids penalties.
Form 131 must be issued for all non-salary TDS deductions and acts as proof of tax deposited. It enables taxpayers to claim credit while filing returns and ensures compliance with updated law.
