What is Form 15CA and 15CB?

The person responsible for paying to a non-resident, not being a company, or to a foreign company, any sum, whether or not chargeable under the provisions of this Act, shall furnish the information relating to payment of such sum, in such form and manner, as may be prescribed Rule 37BB defines the manner to furnish […]

Soon you will get Income Tax Refund in a day.

Now delay in processing of income tax return and refund could soon become a thing of past. The union government has awarded a project to Infosys, which emerged as lower bidder. The proposal is to upgrade Efilling portal of income tax that would ease income tax return filling and processing. It will take one day[…..]

Importance of maintaining proof of Investment

It’s mid of January and Employers has started asking their employees to submit proof of Investment and Expenses that qualifies for tax deduction and exemption under the Income Tax act. It is employer responsibility to deduct TDS of Employees and deposit it to government every month. In order to deduct tax employer first ask the[…..]