Form 67 FAQ 1. Why do I need to submit Form 67? You will be required to submit Form 67 if you want to claim credit of foreign tax paid in a country or specified territory outside India. You will also be required to submit Form 67 in case of carry backward of loss of […]
Article contains FAQs on to Instant E-PAN and contains stepwise Guide for How to Generate New e-PAN, How to Update PAN details as per Aadhaar e-KYC, How to Check status of pending e-PAN request / Create e-Filing Portal account / Download e-PAN and how to Download e-PAN – Post Login. Instant E-PAN- FAQs Q.1 I […]
FAQS on Know TAN Details Q.1 What is TAN? Ans: TAN stands for Tax Deduction and Collection Account Number. It is a 10-digit alpha-numeric number issued by the ITD. Q.2 Who needs to obtain TAN? Ans: TAN must be obtained by all persons responsible for deducting tax at source or who are required to collect […]
FAQs on How to Know Your Assessing Officer (AO) on New Income Tax Portal Q.1 Who is an Assessing Officer (AO)? Ans. An Assessing Officer (AO) is an officer of the Income Tax Department who is responsible for ensuring correctness of Income Tax Returns filed by the taxpayers in his/her jurisdiction. Q.2 When do I […]
How to Verify your PAN on New Income Tax Portal – FAQs Q.1 Why do I need to verify my PAN? Ans. You can verify your PAN to: -Check if the details of your PAN, such as name on the PAN card, date of birth are same as the details available in the PAN database. […]
Section 194Q has been inserted in the Income Tax Act vide Finance Act 2021 with effect from 01.07.2021. As per Section tax is required to be deducted at source from purchase consideration paid / credited on or after 01.07.2021 by purchases made, in case total turnover during financial year 2020-21 has been more than Rs […]
Salaried employees may get arrears payment due to pay revision. In that case, the tax burden for the salaried employee may increase because of the burden of past dues paid in the current year. The Government has made provisions to provide relief to salaried employees in case of salary arrears in a particular year. The […]
Every person starts his business to grow and want some rights from the government that his rights shall be protected by the Government. So, every Entrepreneur put its best efforts to make their brand valuable and wants the protection of his brand. Accordingly, Government of India established an Authority named Controller General of Patents, Designs […]
Dear Friends, Indian Economy is open again after lifting of lockdown restrictions, caused due to Second wave of Covid -19. Now MSME sector is again facing cash crunch situation. They are facing challenges in recovering their dues from debtors and needs working capital to restart there business again. Some peoples have lost their jobs due […]
Constitutional Validity of the Provision levying GST on the supply of Business Promotion Services to the Recipient located Outside India- By Justice Abhay Ahuja in Bombay High Court in Dharmendra M. Jani Versus Union of India and Others Also Read: Constitutional Validity of GST on supply of Business Promotion Services to Recipient located Outside India […]
