Where should the books of account of business be kept and for how long? All the books of account and related documents should be kept at the principal place of business, i.e., where the business or profession is generally carried on. These documents should be preserved for a minimum of six years from the end of relevant… Read More »
Income from Animal husbandry is Agriculture Income ? Under the Income-tax Law is income from animal husbandry considered as an agricultural income? Answer , No. For meaning of Agricultural Income refer section 2(IA) of the Income-tax Act. Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax… Read More »
Income Tax on Agriculture Income I am an agriculturist. Is my income taxable under Income Tax? Agricultural income is not taxable. However, if you have non-agricultural income too, then while calculating tax on non-agricultural income, your agricultural income will be taken into account for rate purpose. For meaning of Agricultural Income refer section 2(IA) of the… Read More »
What are the reasons for tax Paid / tax Deducted not reflecting in 26AS Statement ? The possible reasons for no credit being displayed in your Form 26AS can be: Deductor/collector has not filed his TDS/TCS statement; You have not provided PAN to the deductor/collector; You have provided incorrect PAN to the deductor/collector; The deductor/collector has… Read More »
How can I know that the Government has received the amount deposited by me as Income taxe in the bank? The NSDL website [http://www.tin-nsdl.com] provides online services called as Challan Status Enquiry. You can also check your tax credit by viewing your Form 26AS from your e-filing account at www.incometaxindiaefiling.gov.in Form 26AS will also disclose the credit of TDS/TCS… Read More »
What documents to be obtained from Bank after deposit the Income Tax tax Challan ? The filled-up taxpayer’s counterfoil will be stamped and returned to you by the bank. Please ensure that the bank’s stamp contains BSR Code [Bankers Serial Number Code], Challan Identification Number [CIN], and the date of payment. In case of e-payment… Read More »
How to File GSTR 4 : Explained by GSTN 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… Read More »