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TAN is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961. TAN is used to claim the tax deducted in the income tax return and to deposit the tax deducted at source.
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.
ITR stands for Income Tax Return, the form that Indian citizens and non-residents file with the Income Tax Department of India. Learn about the different types of ITR forms, eligibility criteria, due dates, penalties and verification process.
Organize your pantry like a pro with these durable, stackable, BPA-free containers. The set includes one tall, two medium, two small and two mini containers and lids, plus two dozen reusable labels.
Smith rushed for 155 yards and two TDs on 31 carries in a win over San Angelo Lake View. He also caught a 19-yard TD. Mauricio Herrera, Muleshoe. Herrera made eight catches for 154 yards and three ...
The Income Tax Department is a government agency in India that collects direct taxes under the Central Board of Direct Taxes (CBDT). It enforces various tax laws, such as the Income-tax Act, 1961, and deals with international taxation issues.
Similarly, no business deduction is allowed "for any payment made, directly or indirectly, to an official or employee of any government [ . . . ] if the payment constitutes an illegal bribe or kickback or, if the payment is to an official or employee of a foreign government, the payment is unlawful under the Foreign Corrupt Practices Act of 1977."
Tax on cash withdrawal is a form of advance taxation and is a strategy to keep tax evasion in check. This mode of tax collection is also called the presumptive tax regime. Globally, 3 countries are known to consider this approach namely, Pakistan, [1] India [2] and Gree