Income Tax Archive

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Last Date For Filing Income Tax Return For AY 2021-22

Last Date For Filing Income Tax Return For AY 2021-22

For different taxpayers, the due date varies according to their status under the Income Tax Act.
TDS on Purchase of Goods Above Rs. 50 Lakhs

Section 194Q: Applicability, non-applicability, rate, and example

Last year from 1st July 2020, the government had introduced a new TCS provision u/s 206C(1H). This section was for “seller of goods” on receipts/advance from/for sale of goods, exceeding Rs. 50 Lakhs as a consideration during the financial year. Now
Depreciation Rate as per Income Tax Act For AY 2022-23

AY 2022-23: Depreciation Rate Chart As Per Income Tax Act, 1961

Before knowing the Depreciation Rate as per Income Tax Act For AY 2022-23, we must know the meaning of depreciation. Meaning of Depreciation– In simple words, depreciation is a reduction in the value of assets over time, due in particulars to
TCS Rates For AY 2022-23

AY 2022-23: Challan Code, nature of receipts, and applicable TCS rates

TCS Rates For AY 2022-23 have changed and will apply for the whole year (subject to any change by the government)
Circular No. 08/2021: Dated 30th April 2021

Circular No. 08/2021:- CBDT has extended certain timelines of Income Tax to 31st May 2021

Extension of time lines related to certain compliance by the taxpayers under the Income Tax Act, 1961
TDS Rates for AY 2022-23

AY 2022-23: TDS section, nature of payments, threshold, and applicable TDS rates

TDS Rates For AY 2022-23 has changed and will apply for the whole year (subject to any change by the government)
Depreciation rate as per income tax act for FY 2021-22

FY 2021-22: Depreciation Rate Chart As Per Income Tax Act, 1961

Before knowing the Depreciation rate as per Income Tax Act for FY 2021-22, we must know the meaning of depreciation. Meaning of Depreciation– In simple words, depreciation is a reduction in the value of assets over time, due in particulars to
TDS Rates For FY 2021-22

FY 2021-22: TDS section, nature of payments, threshold, and applicable TDS rates

TDS Rates For FY 2021-22 has changed and will apply for the whole year (subject to any change by the government)
TCS Rates For FY 2021-22

FY 2021-22: Challan Code, nature of receipts, and applicable TCS rates

TCS Rates For FY 2021-22 have changed and will apply for the whole year (subject to any change by the government)
Advance Tax Due Dates

Advance Tax: Meaning, Due Dates, Calculation, Payment, Penal Interest, and some FAQs

Advance tax payments have to be made in installments on or before the due dates as provided by the department.