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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 ...
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
Tax Return Preparers are experts in income tax law and in filing of income tax returns. They can charge a maximum fee of Rs. 250, or sometimes nothing. Simplified Income Tax Return Filing. Over the years income tax return filing has been made more simple, convenient, and smart through use of technology. This includes following:
The IRS Direct File program is run solely by the IRS in an attempt to increase access to free tax filing services. It’s currently being piloted for the 2024 tax season and is available only to ...
Instead of filing a paper return, you can file your 1040X online, using tax software. In addition to being faster and easier, e-filing gives you the option of receiving any refund you’re due via ...
April 15, 2024 at 3:34 PM. Tax day is upon us, and that means millions of Americans are rushing to get their tax returns filed or extended before midnight. The Internal Revenue Service had ...
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