Form 61A – SFT Filings
TDS deduction on perquisites or benefits paid to resident under section 194R
Have you claimed your Foreign Tax Credit?
Do you co-own a house?
What changed in your Tax returns and Tax reporting
Demands, Refunds and Rectifications
Computerized verification and processing upon filing of Income Tax Return by Centralized Processing Centre (CPC). On processing of return either demands arise or refunds are processed.
Faceless Assessments, Tax Charter and Honouring the honest
In a recent address by PM Modi to the nation, pertaining to Faceless Assessment, Appeal and Tax Charter, following points were brought out: -Faceless Assessments: itsfeatures and benefits -The Tax Charter, listing the Income Tax Department’s duties to taxpayers and in turn highlighting the taxpayer’s responsibilities -Prime Minister launches platform for “Transparent Taxation – Honouring […]
Fee for Technical Services – Is the reduced rate of 2% applicable to you?
The Finance Bill, 2020, has bought in amendment in Section 194J to reduce the rate of TDS to 2%- specifically applicable for Fee for Technical Services, while the reduced rate is made specifically inapplicable for professional services and Royalty other than on distribution or exhibition of cinematographic films.
26AS-Know your 26AS(KY26AS)
Have you claimed your Foreign Tax Credit?
FTC is to be allowed in the year in which the income corresponding to such tax has been offered or assessed to tax in India