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Business Formation Essentials

Created on: Sep 27, 2023

Online Payment TDS TCS Demand ITNS281 challan

By utilizing ITNS 281 Challan, taxpayers can simplify the payment process, ensuring compliance with tax regulations and contributing to the ease of doing business. Challan no. Deductors use ITNS 281 is used to deposit TDS, TCS, and demand payment.
Created on: Sep 27, 2023

TIN TAN VAT PAN DSC DIN Detailed Comparison

Among these, TIN, TAN, VAT, PAN, DSC, and DIN are frequently encountered. All of these have different purposes and are essential for individuals and businesses alike. Let's delve into the differences and importance of each of these alphanumeric codes.
Created on: Sep 27, 2023

CBDT Clarifies NBFC Eligibility Income Tax Deductions Actual Payments

The Central Board of Direct Taxes (CBDT) has issued a notification specifying certain categories of Non-Banking Financial Companies (NBFCs) eligible for income tax deductions to be applicable only upon actual payment.
Created on: Sep 26, 2023

Tax Deduction Bank Fixed Deposits Form 15g Requirements

Suppose you expect that your total interest income from these FDs will exceed the prescribed threshold limit. In that case, you may not be eligible to submit Form 15G.
Created on: Sep 26, 2023

Late Fee Pan Aadhaar Linking Rs 1000 Higher Charges Offline Process

If you choose to link PAN with Aadhaar using biometric authentication, you may also need to pay a nominal fee, along with a penalty of Rs 1,000.