The following are the salient features of the procedure regarding advance tax.
(a) Where advance tax is payable, the assessee individual shall himself compute the advance tax payable on his current income at the rates in force in the financial year and deposit the same whether or not he has been earlier assessed.
Any amount, otherwise than by way of advance tax specified as payable in a notice of demand under Section 156 shall be paid within 30 days of the service of the notice at the place and to the person mentioned in the notice. However,
For claiming income tax refund the first prerequisite is that there should have been excess tax paid or deducted at source on the basis of return of income. The second prerequisite is that the income-tax return should be filed along with the prescribed Form No. 30. For ready reference, the said Form No. 30 is reproduced on the next page.
Economy has slowed down with a fall of 8 % in the overall growth rate, which is due to the global economic downtrend. Looking at the present scenario Chidambaram’s main emphasis went on bringing foreign investment in the country. Near about $75 billion will be needed to finance the present gap in accounts and that will take the next two years.
Budget 2013 has brought many laws for the benefits of women power in the economy. So, you must know what budget 2013 provides you and how you got benefit from it. The entire economy has slowed down with a fall of 8 % in the overall growth rate, which is due to the global economic downtrend.
Tax planning has always been the test of efficiency for people along with being a test of their cunningness such that they can save their taxes in a lawful manner. Here are some of the tips that can help you to plan your taxes for the A. Y. 2013-14.
Tax Planningfor Senior Citizens A.Y. 2014-15 and A.Y. 2013-14: The category of senior citizens has been under the purview of income tax from a very long time. However, there has been certain relief that has been provided to them when it comes to imposing taxes on their income
The Indian Taxation Structure is designed in such a manner that it promotes protection of the minor groups along with maintaining equilibrium in operations. The tax payer is mainly allocated into three major forms which involve Men,
Tax Savings is an effective measure to ensure that people save some of their tax liability in a legal way. There are many investment options which provide deductions to the assessee and some of them are listed below.
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