Income Tax

Income Tax Calculator

Income Tax Calculator

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated car

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Income Tax Dates

Income Tax Date

Whate is the due date to Pay Sales Tax,Advance Tax,Due Date to fill VAT return

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Permanent Account Number

Pan Card

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated car

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Income Tax Deductions

Income Tax Deductions

Deduction is the amount, which is reduced from the gross total income before computing tax.

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Income Tax Dates

Income Tax Dates

Income-Tax-Date

Last Date of Income Tax Date is 31-March IMPACT OF LATE FILING Interest: You will be liable for penal Interest u/s 234A @ 1% per month on the amount of tax due from the due date of filing returns.
Carry Forward of Losses: Losses like Business Loss (speculative or otherwise), Capital Loss (short term or long term), and Loss from owning and maintaining race horses are not allowed to be carried forward. Other losses, if any can be carried forward.
Deductions: Deductions u/s 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC are not allowed.
Revision: Late returns cannot be revised except if it is in pursuance of a notice under section 142(1) Penalty: A penalty of Rs.5000 may be imposed u/s 271F if belated return is submitted after the end of as.
sessment year (after 31-March-YYYY)

 

 

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