Income Tax Compliance Calendar for July 2021
Form 15CB is the Tax Determination Certificate in which the Chartered Accountant examines a remittance with regard to changeability provisions.
Every person making a payment to Non-Residents shall deduct TDS if such sum is chargeable to Income Tax and the details are required to be furnished in Form 15CA.
ITR-2 form is mainly for individuals, non-residents and HUFs not having any income from profit and gains of business or professions. ITR2 form notified for AY 2021-22
Notice or order issued by income tax department can be verified by both registered and unregistered users on new income tax portal pre login.
The Companies opting for a special rate of taxation u/s 115BAA or 115BAB will not be allowed certain deductions like section 80IA, 80IAB, 80IAC
Non-resident individuals, HUF, AOP, BOI, and co-operative society can opt for the existing tax regime or the new tax regime with a lower rate of Income Tax
Salaried employees can opt for the existing tax regime or the new tax regime with a lower rate of taxation under section 115 BAC of Income Tax Act
Advance tax means income tax should be paid in advance in installments as per the due dates prescribed by the income tax department.
ITR-1 form is for resident individuals having total income up to Rs 50 lakhs from income from salaries, one house property, other sources. File ITR1 online for AY 2021-22