Menu

INCOME TAX (6)

Ans:- Yes. You can file Income tax return if your income is below taxable. It is a good gesture that you are informing your income and expenditure details to the Government through Income Tax filing.

Category: INCOME TAX

Ans:- You do not have to pay Income Tax If your net taxable income is below taxable after all necessary deductions under various section of the Income Tax Act. But you have to pay tax if your net taxable income is above the taxable income.

Category: INCOME TAX

Ans:- Do not worry. You can claim the TDS by filing Income Tax return.  Income Tax department will refund  to your bank a/c.

Category: INCOME TAX

Ans- Advance tax needs to be paid by all those who have income other than salary and having tax liability of more than Rs. 10,000. When a person has income only from salary then he is not required to pay any Advance Tax as his employer deducts TDS from his payments. However in case his TDS is deducted less than what is required to be deducted, then there will be an Advance Tax liability that needs to be paid.

Category: INCOME TAX

Ans- ITR forms, whether filed manually or filed electronically, do not require any documents like proof of investment, TDS certificates, etc. However, these documents should be retained by the taxpayer and produced before the income tax authorities when demanded in situations like assessment, inquiry, etc.

Category: INCOME TAX

Ans- The excess tax can be claimed as refund by filing your I-T return. After your return is processed and provided the tax department accepts your refund claim, the amount claimed as refund would l be credited back to your bank account through Electronic Clearance Service (ECS) transfer

Category: INCOME TAX

Social media & sharing icons powered by UltimatelySocial
Contact now.
close slider