Income Tax


Budget 2013: Tax Impact of Budget on Common Man in India

The Indian Finance Minister P. Chidambaram presented the India Budget 2013 on 28th February 2013 and the following are the major tax changes that would impact the Indian Common Man:-… Read more

Income Tax Refund Status: Beware of Fraud Emails

If you’ve claimed Income Tax Refund in your Income Tax Return, chances are that you would be eagerly waiting for the Income Tax Department to process your Return and pay… Read more

Deduction under Section 80TTA :Tax on Interest on Savings Account

We all have a tendency of checking the amount of Interest on Savings Account earned during the year, but do we know the manner in which this Interest is computed… Read more


How to use Digital Signature for e-filing Income Tax Return

With the advent of computerisation, everything has now gone online – newspaper has been replaced by e-newspaper, greeting cards have been replaced by e-greeting cards and income tax returns have… Read more


Filing Revised Return of Income Tax u/s 139(5)

Revised Return of Income Tax can be filed by an assessee any time before the expiry of the Relevant Assessment Year or before the completion of assessment (whichever is earlier)… Read more


Procedure for furnishing Form 15CA & 15CB

As per Section 195 of the Income Tax Act 1961, every person liable for making a payment to non-residents shall deduct TDS from the payments made or credits given to… Read more


Form 12B for furnishing TDS Details to new employer

Form 12B is required to be furnished as per Rule 26A by a person joining any organisation in the middle of the year and is a form for furnishing the… Read more


What is Form 16A & how to verify its details Online

Form 16A is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments & the TDS Payments deposited with the Income Tax Department. As per the Income Tax… Read more


What is TAN Number and How to apply for TAN No.

TAN Number is a 10 Digit Alphanumeric Number and is used as an abbreviation for Tax Deduction and Collection Account Number.  Every Assessee liable to deduct TDS is required to… Read more

TDS on Contractor

TDS Payment Online: Procedure, Due Date & Interest on Late Payment

TDS Payment is liable to be made by any assesse who has deducted TDS at the time of incurring any expenditure. The Due Date for TDS Payment is separate for… Read more