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TDS stands for tax deduction at source, a withholding tax in India that applies to various types of income, dividends, or asset sales. Learn about the objectives, rates, provisions, and certificates of TDS under the Income Tax Act of 1961.
TAN is a 10 digit alpha-numeric number issued by the Income Tax Department in India to persons who deduct or collect tax on payments. TAN is required for TDS/TCS returns, challans and certificates and can be applied online or at TIN-FC centers.
Learn about the history, functions and structure of the Income Tax Department, a government agency in India that collects direct taxes and enforces economic laws. The article covers the ancient and modern origins of taxation, the Income-tax Act, 1961, and the Central Board of Direct Taxes.
A recurring deposit is a term deposit in India that allows people with regular incomes to deposit a fixed amount every month and earn interest. Learn about the operation, formulas, taxation and benefits of recurring deposits.
This includes all W-2 and 1099 forms and supporting paperwork for tax deductions or credits such as educational credits or mortgage interest payments. In some cases, including a copy of your ...
What the Richest 1% Pay in Taxes on the East Coast Being rich has its perks, but it can get expensive come tax time. An analysis of U.S. government data from the Tax Foundation found that the top ...
The Income Tax Act, 1961, and the Income Tax Rules, 1962, govern the process of filing Income Tax Returns in India. Form 3CE is a part of this process and is an Audit Report format and is required by Section 44DA. Section 44DA Sub-Section 2 of the Income Tax Act, 1961, and Rule 6GA are specifically related to the use of Form 3CE.
A fixed deposit is a tenured deposit account that offers higher interest rate than a savings account, but with limited withdrawal options. Learn about the functioning, benefits, taxability and variations of fixed deposits in India and other countries.