Meaning of Assessement year and Previous year under Income tax Income-tax is levied on the annual income of a person. The year under the Income-tax Law is the period starting from 1st April and ending on 31stMarch of next calendar year. The Income-tax Law classifies the year as (1) Previous year, and (2) Assessment year. The… Read More »
Income Tax News 28.11.2017 by TaxHeal Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax Office Memorandum Income Tax Judgments Income Tax FAQ Income Tax Video Tutorial
GST News 29.11.2017 by TaxHeal Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release GST Books Best… Read More »
Government appoints Shri B.N. Sharma (IAS:1985) as Chairman of the National Anti-profiteering Authority under GST In an immediate follow up action of last week’s Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma,… Read More »
Income Tax Forms [ As per Income Tax Rules (India) ] (Collection of Important Income Tax Forms ) FORM 10E : Form for furnishing particulars of income under section 192(2A) for the year ending 31st March, for claiming relief under section 89(1) by a Government servant or an employee in a company, co-operative society, local authority,… Read More »
Form 15H Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax Download form 15H Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax Office Memorandum Income… Read More »
How to check processing of Income Tax Return How do I know whether my e-Return is being processed at CPC Bangalore or the Assessing Officer? Answer: LOGIN to the e-Filing (www.incometaxindiaefiling.gov.in ), GO TO ‘My Account’ ⇒ ‘View e-Filed Returns/Forms’ ⇒ Income Tax Returns’ and check the status of Income Tax Return for a given… Read More »
Income Tax Return of deceased assessee Can a LEGAL HEIR e-File the Income Tax Return of the deceased assessee? Answer: Yes. A Legal Heir can file Income Tax Return and view e-Filed Returns/Forms of the deceased person for the e-Filed Assessment Year. Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax… Read More »
What to do to claim refund of Income Tax If I have paid excess income tax, how and when will it be refunded to me? Answer: To claim the excess paid tax, the assessee has to file Income Tax Return, irrespective of the fact whether the income is taxable or not. The amount of refund… Read More »
What will happen if I don’t report my Transactions to Income Tax Department If you haven’t explained or reported the income, transactions or specific information such as Annual Information Return (AIR), Central Information Branch (CIB) data or TDS/TCS returns, you will receive an email from Income Tax department seeking details of transaction or source… Read More »