Dear Friend, Under the regime of the present Central Government which has tried to make the things digitalized to the extent possible, it has also emphasized on timely compliance for the taxpayers. From the Assessment Year 2018-19, the legislature has levied the fees for filing Income Tax Return after the due date. We […]
Tax to be deducted at source, commonly referred to as ‘TDS’ is a mechanism of Govt. to collect the tax of a person in advance. TDS is an amount which is required to be deducted from the payment to be given to another person and the same is required to be deposited with the income tax[…..]
The chart given below describes the deductions allowable under chapter VIA of the I.T. Act from the gross total income of the assessees having income from salaries The following investments/payments are inter alia eligible for deduction u/s 80C:- NATURE OF INVESTMENT REMARKS Life Insurance Premium – in case of individual, on life of[…..]
