Understanding and managing your tax records is crucial for ensuring compliance and optimizing your tax deductions. One essential document in this regard is Form 26AS, also known as the Tax Credit Statement. It is a consolidated tax statement which can be accessed from the Income Tax Department of India’s official e-filing website. BusinessRights brings you […]
‘Transparent Taxation’ launched on the 13th of August, 2020 is a platform to further digitize the functioning of the Income Tax Department. The stage aims to honor India’s taxpayers who have been honest and sincere with the paying of taxes and also the removal of physical interference between the taxpayer and the Income Tax Department.
Being a responsible citizen we must pay the right amount of tax on time. The Union Budget 2019 has introduced Section 194N for TDS (Deduction of Tax at Source) on cash withdrawals exceeding Rs. 1 crore to discourage cash payments. But the Budget of the year 2020 has reduced the threshold limit for TDS for
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