WOW.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Tax deduction at source - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction_at_source

   Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...

3. Income tax in India - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_India

   There was no change in the timeline for tax payment; however, if the deposit of Advance Tax is delayed, a reduced interest rate of 9 percent per annum, or 0.75 percent per month, will be applicable instead of the current rate of 12 percent per annum, or 1 percent, for payment of all taxes falling between 20 March 2020 and 30 June 2020. Tax ...

4. Taxation in India - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_India

   Income tax generally is computed as the product of a tax rate times taxable income. However, for individuals, tax is payable at slab rates. In the Finance Act, 2020 the Government introduced a new tax regime for individuals giving them the option to opt for the new regime or continue with the old regime.

5. Goods and Services Tax (India) - Wikipedia

   en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)

   Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day.

6. Finance Act (India) - Wikipedia

   en.wikipedia.org/wiki/Finance_Act_(India)

   Rates of Income Tax; Surcharge on Income Tax; Rates for Deduction of Tax at Source; Details of Advance Tax; Details for computation of Net Agricultural Income; among other details. Acts. The Taxation Laws (Second Amendment) Act, 2016 inserted the new Chapter IX A, as "Pradhan Mantri Garib Kalyan Yojana, 2016" in The Finance Act, 2016. References

7. Indian tax forms - Wikipedia

   en.wikipedia.org/wiki/Indian_tax_forms

   Form 10BA. Form 10BA is a document that is used by a certain section of assessees while filing income tax returns in India. The form is a declaration by the assessee. The format is specified by the Income Tax Department of India. Form 10BA applies to a certain section of assessees who are required to claim deductions under section 80GG.

8. The Income-tax Act, 1961 - Wikipedia

   en.wikipedia.org/wiki/The_Income-tax_Act,_1961

   The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill was later scrapped.

9. Income tax return (India) - Wikipedia

   en.wikipedia.org/wiki/Income_tax_return_(India)

   Income tax return (India) Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses. [1] The Income Tax Act, 1961, and the ...