As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of advance tax. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer.
Apart from levy of penalty for various defaults by the taxpayer, the Income-tax Law also contains provisions for launching prosecution for offences committed by the taxpayer. In this part you can gain knowledge about offences in respect of which prosecutions can be launched under the Income-tax Law.
In the tutorial on Penalties Under the Income-tax Act, we discussed various penalties imposable under the Income-tax Act in respect of various defaults. Apart from enacting penalty provisions
Under the Income-tax Act, penalties are levied for various defaults committed by the taxpayer. Some of the penalties are mandatory and a few are at the discretion of the tax authorities. In this part, you can gain knowledge about the provisions relating to various penalties leviable under the Income-tax Act.
Unlock growth for your startup with the Startup India Seed Funding Scheme (SISFS). Dive into the details of this government initiative offering financial assistance for prototype development, market entry, and commercialization. Understand eligibility, application process, and FAQs.
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When you are looking to trade Forex, it is important to find a quality broker to work with. But how do you know which brokers are good and which ones to avoid?
Explore the dimensions of updated return under Section 139(8A) & Tax implications as per Section 140B of the Income Tax Act, 1961. Learn the conditions, time limits, and additional tax rates for correcting omissions or errors. Stay informed for better tax compliance.
