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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.
Where tax is deducted under section 194-IB, it is required to be deposited through a challan-cum-statement in Form No. 26QC within 30 days from the last day of the month in which such tax is deducted. A certificate in Form No. 16C shall be issued by the deductor within 15 days from the due date of furnishing challan-cum-statement in Form No. 26QC.
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
To help you make a wise decision, here are some more details about the most common ways to receive your tax refund in advance. • Refund Anticipation Loan (RAL). A refund anticipation loan is a ...
Until 1993 the income tax rate payable on dividends was the same as all other income, and the ACT rate was adjusted to align it to changes in the basic rate of income tax. From April 1993, the ACT rate was cut to 22.5% while the tax rate on dividend income was set at 20%, the first time it was set at a different rate to that payable on other ...
Liberty Tax Easy Advance loans are offered by Republic Bank & Trust in amounts ranging from $500 to $6,250. You must have your taxes prepared in person to qualify.
An advance tax ruling is a tool for multinational corporations and for individual taxfilers for clarifying and conforming particular taxation arrangements. A written interpretation of tax laws is issued by tax authorities to corporations and individuals who request clarification of taxation arrangements.
Professional tax is collected by the Commercial Tax Department. The commercial tax department of the respective states collects it which ultimately reaches the fund of municipality corporation. Employers covered under the jurisdiction of “State Government” as Designated authority shall pay in the treasury by Challan through the bank. Other ...