Income Tax Refunds

Income Tax Refunds

The excess paid, credited Income tax will be refunded to the tax payer by the Income Tax Department. The refund arises when: Advance Tax:  Excess Advance Tax paid by the tax payer voluntarily. TDS: The deductor deducts the tax when he pays the consideration to the Tax payer. TCS: When the deductor collects Tax from […]

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 TDS and Its Importance

TDS and Its Importance

The Department Is More And More Depending Upon Tcs, And Tds To Collect The Taxes In Advance From The Duductors, Payers Of Income.  This Step Will Reduce Tax Avoidance By The Income Earners. Also This Step Is Acting As Safety Against Loss Of Revenue. Tds, Tcs Constitutes More Than 40%Of Total Tax Collections Of The […]

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