CBDT directs to pay 100% Advance Tax before 15th March
The Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay fourth and final installment (100 percent) advance tax before 15th March 2018. The persons who are liable to pay advance tax are,
Pay 1st Installment of Advance Tax by 15th June: CBDT
The Central Board of Direct Taxes ( CBDT ) has recently issued an advisory asking the taxpayers to remit the fourth and last installment of advance tax on or before 15th June 2019. Advance tax
Due Date to Pay Advance Tax is Tomorrow: Here’s All You need to Know
If you have additional sources of income, such as fixed deposits, despite being a salaried individual, you must pay the final installment of advance tax before March 15th, 2023. Similarly, if you earn income from
Pay Advance Tax by 15th March: CBDT
The Central Board of Direct Taxes ( CBDT ) has recently issued an advisory asking the taxpayers to remit the fourth and last installment of advance tax on or before March 15th, 2018. Advance tax
Due Date for Paying 3rd Installment of Advance Tax is Dec 15: All You Need to Know
The Central Board of Direct Taxes (CBDT) has recently said that the last date for remitting third installment of advance tax is on December 15th 2017. Advance tax means payment of income tax in advance instead
CBDT extends date for Third Instalment of Advance Tax for FY 2019-20 in North Eastern States
The Central Board of Direct Taxes ( CBDT ) has extended the date of Direct Tax payment in respect of the third instalment of Advance Tax for FY 2019-20 in the North Eastern States. Considering
Direct Tax Collections for F.Y. 2017-2018 show Growth of 14.8%
The provisional figures for Direct Tax collections up to June, 2017 show that net collections are at Rs. 1.42 lakh crore which is 14.8% higher than the net collections for the corresponding period of last year. Net direct tax
Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the interest on delay in payment of advancements shall be charged only on the returned income and not on the assessed income. The assessee
CA/ CA-Inter vacancy in Jain Housing & Constructions Ltd
The Jain Housing & Constructions Limited has invited applications from eligible candidates for the post of Account Manager. Job Description Responsible for Day to day advance Accounting entries Day to day Bank Reconciliation Scrutinize Supplier
Complete Case Digest on Tamil Nadu Authority for Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR) -Part 2
An advance ruling helps the applicant in planning his activities which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the
Check AIS/TIS now in “AIS for Taxpayers” App by Income Tax Dept
An app has been launched by the Income Tax Department to enable taxpayers to access their Annual Information Statements ( AIS ) with detailed transaction information. The app aims to provide a comprehensive view of
Know the Amendments in GST effective from July 1
The Finance Act, 2021 notified the various amendments in the CGST and IGST Acts 2017 which will come into effect from the upcoming month i.e. July 1, 2021. New clause (aa) of Section 7(1) of
Interest u/s 234C shall be calculated based on ‘Returned Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the amount of interest under section 234C of the Income Tax Act, 1961 shall be calculated on the basis of the “returned income” and
CBDT asks to Pay Third Installment of Advance Tax by Dec 15
The Central Board of Direct Taxes ( CBDT ) has recently issued an advisory asking the taxpayers to remit the third installment of advance tax on or before December 15th, 2018. Advance tax means payment
No Obligation to pay Advance Tax if Assesses denies his Income Tax Liability: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no obligation can be imposed on the assessee to pay advance tax if he alleges that his income is not taxable