WebMar 31, 2024 · Click here to Login / Register Previous Thread Next Thread Recent Topics Query of audit fees approval NOC for GST registration for persons staying on re Depreciation On Office EWay Bill in continuous Supply of Goods RA Bills in case of contractor Income tax calculation process on partnership firm Advance tax adjustment with TDS Web(i) liable to deduct tax at source under any other provision of this Act and has deducted such amount; (ii)the Central Government, a State Government, an embassy, a High Commission, a legation, a commission, a consulate, the trade representation of a foreign State, a local authority as defined in the Explanation to clause (20) of section 10 or any other person as …
Test of residence under the Income Tax Act is the de facto control
Web2 days ago · The Insight portal of the Central Board of Direct Taxes (CBDT) provides information to assessing officers, who then send out notices under Section 148A seeking an explanation. "Increasing number of taxpayers are receiving reassessment notices recently under Section 148 of Income Tax Act, 1961, where department has been issuing show … WebApr 12, 2024 · Section 6 of Income Tax Act, 1961: (i) An Individual is said to be resident in India, (a) If he is in India in that year for a period or periods in amounting to all 182 days or more; or (b) If he is in India for 365 days or more in the four years preceeding to that year and 60 days or more in that relevant previous year. Explanation 1: cypher bald
What is Income Tax Act 1961? Types and Heads of Income Tax
WebSECTION 204 : Meaning of “person responsible for paying”. SECTION 205 : Bar against direct demand on assessee. SECTION 206 : Persons deducting tax to furnish prescribed returns. SECTION 206A : Furnishing of statement in respect of payment of any income to residents without deduction of tax. WebNov 15, 2024 · Income Tax Act, 1961 is an act to levy, administrate, collect & recover Income-tax in India. It came into force from 1st April 1962. Income Tax including … WebOct 3, 2024 · 1. Company or a firm; 2. A person other than a company or a firm, if his total income during the previous year exceeded the maximum limit not chargeable to income-tax which is Rs 2,50,000. Under section 139 (1) ITR needs to be furnished before the due date as prescribed. Filing of Income Tax Return as per the Seventh proviso to Section 139 (1) bin2txt.exe