Income Tax Guides

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Income Tax For Senior Citizens

The Income Tax Act levies income tax on every type of individual taxpayer being a regular taxpayer or a senior and super senior citizen. However, it also provides many benefits to senior citizens of our country. The intent is to...

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Income From Salary

For a salaried employee, the income from salary and its tax treatment is of utmost importance. This is because a mere misplanning can lead to either a higher deduction of TDS or higher tax liability. For this purpose, you must...

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How to File TDS Return?

How to file TDS return is a process of which many taxpayers are unaware and/ or worry about its validation processes. Further, filing a TDS return is mandatory on or before the due date of filing. The entire TDS return...

form 49b

Form 49B for TAN Application

What is TAN? and Why is TAN Necessary? TAN stands for Tax Deduction and Collection Account Number. The Income Tax Department issues TAN to taxpayers. Moreover, individuals and businesses who are obligated by the Income Tax Act of 1961 to...

form 27c

Form 27C of TCS

What is Form 27C in TCS? Form 27C in TCS is a declaration through which any taxpayer can claim an exemption on a collection of TCS. Like TDS, tax collection at source is a mandatory tax collection on specified transactions....

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Form 26QB

Form 26QB is a payment challan which the buyer of the property needs to fill and submit to deposit the TDS amount. Income Tax Act, 1961 provides for deduction of TDS under section 194IA on purchase or sale of immovable...

form 26as

Guide to Form 26AS

Form 26AS or Tax Credit Statement is one of the most important tax documents for any taxpayer. It truly reflects how much tax you have paid to the Income Tax Department either by yourself or through other taxpayers.  With effect...

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Form 16B – TDS Certificate For Sale of Property

As per the provisions of the income tax act, every person is required to file an income tax return within the specified time and report their income details. The process of tax collection is done via two ways - tax...