I would like to flash on various tax saving schemes and concepts may helpful for assesses who are working under Employment for figure out the ways for tax planning. I’m writing this article to provide the fair awareness for self tax planning. However, provisions may be …
Good response to Income declaration scheme (IDS) for declaration of undisclosed income. However the Achievement is not up to mark. We all are aware the quantum of cash deposits into bank after demonetization announcement. And Govt. has been introduced the another Scheme to provides an opportunity to persons having …
According to the Press release from CDBT, It has been decided that the ICDS shall be applicable from 1.4.2016 i.e. previous year 2016-17 (Assessment Year 2017- 18). The notification to this effect will be issued shortly Contents in press release is Subsequent to notification of the …
Applicability: Applicable to all Assesses w.e.f AY 16-17. Income Computation and Disclosure Standard (ICDS) is applicable for computation of income chargeable under the head of Profits and gains of business or profession Income from other sources Books Maintenance: The said standards has been issued for assisting …
As per the provisions of the income tax Act, every person responsible for payment of any specified sum to any person is required to deduct tax at source at the prescribed rate and deposit it with the Central Government within specified time. However, no deduction is …
