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The Institute of Chartered Accountants of India(ICAI) has issued various Handbooks under Direct Taxation. Handbooks under Direct Taxation The Institute of Chartered Accountants of India(ICAI) has issued various Handbooks under Direct Taxation. A direct tax is one that is paid directly to the entity that levied it by a person or organisation. Income tax, real…
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Taxpayers can avoid paying TDS at 10%(with PAN) and 20% (without PAN) on incomes such as interest and rent by submitting form 15G or 15H to the appropriate person or organisation such as banks, corporate bond issuers, post offices. Forms 15G is for people under the age of 60 while 15H is for senior citizens.…
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“ITR filing season for AY 2023-24 is about to start. It can be assumed that the taxpayers will be able to file their ITR from April last week or May first week. The filing will be done for the income earned in FY 2022-23, i.e., from 1st April 2022 to 31st March 2023”. Generally, the…
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