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Several tax forms in India are known as tax challan [9] forms e.g. CHALLAN NO./ITNS 280, CHALLAN NO./ITNS 281, CHALLAN NO./ITNS 282, CHALLAN NO./ITNS 283. The abbreviation CIN is also used in this context of tax forms as well.
Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
An advance tax ruling binds tax authorities to comply with the tax arrangements set out in the ruling. Advance tax rulings are common in numerous countries. The Luxembourg Leaks provide insight into the practice of advance tax rulings in Luxembourg used by corporations as a tool for devising strategies that help them avoid taxes. [1] [2]
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Direct Pay doesn't require registration. Taxpayers can pay their tax bill or make estimated tax payments directly without enrolling in the system. EFTPS allows scheduling payments up to 365 days in advance. Payments cannot be scheduled in advance more than 30 days with Direct Pay. EFTPS allows taxpayers to pay federal taxes 24/7.
Christmas is now in the rearview and 2025 is only days away, which means retailers from Walmart to Nordstrom are rolling out some after-Christmas sales to ring in the new year.
A report by the Australian Competition and Consumer Commission said that while the integration of generative AI tools into search engines is still nascent, Big Tech's deep pockets and dominant ...
Article 280 of the Indian Constitution defines the scope of the commission: The President will constitute a finance commission within two years from the commencement of the Constitution and thereafter at the end of every fifth year or earlier, as deemed necessary by him/her, which shall include a chairman and four other members.