Team Hypertax

New Section 206AB & 206CCA levying TDS/TCS at double rate

Income Tax

TDS/TCS U/S 206AB & 206CCA of Income Tax Act,1961 Background & Relevance Applicability Rate Effective Date Who is Specified person? Not Applicable on? Penal provisions Difficulty for Tax Deductor and Collector Solutions Declarations Formats How to identify Specified Persons? – Live Example Download the PPT in the Video here: Background & Relevance The central government …

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electronic filing of Forms 15CA/15CB Relaxed by Income Tax

Income Tax

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASERelaxation in electronic filing of Income Tax Forms 15CA/15CB As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the …

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Old Tax Regime or New Tax regime – Which Is Better for Tax saving?

Income Tax

Which is better option Old Regime or New for Tax saving? What are the slab rates in case assessee is opting for old tax regime? What are the slab rates in case assessee is opting for new tax regime u/s 115BAC? How can assessee opt for new or old regime?                               What information is required to …

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