Tax Deduction Bank Fixed Deposits Form 15g Requirements
Suppose you expect that your total interest income from these FDs will exceed the prescribed threshold limit. In that case, you may not be eligible to submit Form 15G.
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Suppose you expect that your total interest income from these FDs will exceed the prescribed threshold limit. In that case, you may not be eligible to submit Form 15G.
If you choose to link PAN with Aadhaar using biometric authentication, you may also need to pay a nominal fee, along with a penalty of Rs 1,000.
If you missed the deadline for filing your original ITR, you can opt for a belated ITR. Furthermore, taxpayers who submitted their returns initially but later discovered omissions or incomplete details can file a revised return.
The income tax return for the fiscal year 2022-23 was due on July 31st. However, the Income Tax Department doesn't just require tax returns from some taxpayers; they also need a tax audit report.
TDS (Tax Deducted at Source) is a fixed sum taken from your earnings like salary, commission, rent, interest, or professional fees. But, here's the catch: If your interest income is less than a specific limit, you can use Form 15G and 15H to your advantage.
As per the notification, individuals who have invested in post office small savings plans but did not provide their Aadhaar numbers when opening these accounts must do so by September 30, 2023.
Additionally, the due date for filing the Return of Income in Form ITR-7 for Assessment Year 2023-24, which was originally October 31, 2023, has now been extended to November 30, 2023.
A one-person company (OPC) is a unique business structure that offers individuals the benefits of limited liability while allowing them to retain full control.
Section 44ADA of the income tax laws in India offers a simplified tax regime for professionals and freelancers. It allows them to calculate their taxable income as half of their gross annual earnings, provided their total income falls below a specific threshold.
To use e-filing services, taxpayers need to register their DSC (Digital Signature Certificate) on the Income Tax portal. Before attempting DSC registration, it's essential to have:
Tax Deduction Bank Fixed Deposits Form 15g Requirements
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Income Tax Audit Report Significance and Submission Deadline Explained
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Annual Filing For One Person Company Due Dates
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Register DSC Income Tax Portal Step by Step Guide