by Simran Setia | Aug 29, 2018 | Taxation
Penalty for non-filing Annual Return: An Overview The Penalty for non-filing Annual Return will be discussed in detail. A company is a separate legal entity that can be sued or sue by any other legal firm. It can enter into various types of transactions. After the...
by Simran Setia | Jul 22, 2017 | Taxation
Introduction A liability Partnership Annual come back or LLP annual come back is largely an outline of details of Partners and selected Partners and changes among them annually. associate LLP is needed to file the Annual comeback with the Registrar of LLP (Form 11) at...
by Simran Setia | Jul 15, 2017 | Taxation
Income from salary is the income or remuneration received by an individual for services he is rendering or a contract undertaken by him. This clause essentially assimilates the remuneration received by a person for the services provided by him under the contract of...
by Simran Setia | Jul 11, 2017 | Taxation
Section 156 tax notice is the notice of demand given by the Income Tax Department when any tax, penalty, interest, fine, or any other sum is payable in the outcome of any request passed. Section 156 tax notice of demand will determine the payable sum. This demand...
by Simran Setia | Jul 11, 2017 | Taxation
What is Tax Collected at Source (TCS)? Tax Collected at Source (TCS) is income tax collected in India payable by the seller who accumulates in turn from the buyer and it is given under section 206C of the Income Tax Act, 1961 at the sale of some special goods. The TCS...
by Simran Setia | Jul 11, 2017 | Taxation
Section 245 Tax notice is issued by the income tax department to the assesses in whose return the IT Department feels that there’s an impressive demand from earlier years and a refund is claimed in another assessment year. If it is such a case as per section 245, the...
