Form 16 : Basics , Part A , Part B, Procedure, PDF

What is Form 16? If you’re working for someone and earning a salary, you must be familiar with the term TDS. It basically stands for Tax Deducted at Source. If your salary is eligible for a TDS deduction,  you will come across the at some point in your career. ...

Form 27D: TCS Certificate

Introduction Form 27D  is a certificate for Tax Collected at Source (TCS) u/s 206 of Income Tax Act, 1961. It is the certificate for the return filed in Form 27EQ. The filing of Form 27D needs information on both PAN (Permanent Account Number) and TAN (Tax Deduction...

Form 27EQ: TCS returns

Form 27EQ Form 27EQ is for TCS returns. Tax Collected at Source (TCS) can be defined as the income tax gathered by the seller from the payee on the sale of specific items in India. Rates are characterized by which tax is composed. A tax collected should be cited in...

5 Heads of Income Tax

Introduction  According to the Section 14 Income Tax Act,1961, there are five major income tax heads sets out for an individual. The calculation of income tax is a necessary part that must be determined according to the income of a person. For a hassle-free...

Notice u/s 139(9) : Defective Return Notice

It is the case where an individual receives a notice for Defective Return u/s 139(9) because the IT Department has found any discrepancies or mistakes or any missing detail in ITR. The details provided by you in the ITR are cross-verified and processed once you file...