Income Tax
Guide To Proportional Tax And How It Affects Your Wallet
Taxes are something that everyone is aware of in a general way. However, understanding taxes' intricacies and applicability are fundamental in real life. It...
Income Tax
Section 220(2) of the Income Tax Act – Regulations on Interest Payment
Section 220 of the Income Tax Act contains provisions for late payment of tax demands, interest, and penalties (2). It states that the taxpayer...
Income Tax
What Are Form 15CA and Form 15CB of the Income Tax?
Individuals are not the only ones required to ensure all necessary and proper steps are taken, and paperwork is completed for filing taxes. The...
Income Tax
Indian Revenue Service – Profile, Roles, Career Growth
What is Indian revenue service? The Indian Revenue Service (IRS) is a civil services competitive test in India held by the UPSC for recruitment...
Income Tax
Income Tax Assessee: Know More About Concept and Type
An assessee under the Income Tax Act, 1961 is an individual who is liable to pay income tax to the government for a particular...
Income Tax
What Does Form 60 Mean? Declaration & Online Filing
When a person engages in certain transactions listed in Rule 114B of the Income-tax Rules, 1962, but does not possess a permanent account number,...
Income Tax
Why is it Useful to File Your Income Tax Return
Income Tax Return (ITR) is a form that must be filled out to file details of your income and the tax liability to the...
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