financial services

All about ITR- 4 Form and who can use it?

The ITR-4 Form is the Income Tax Return form that is used by those taxpayers who have opted for the presumptive income scheme as under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act, 1961. Moreover, if the turnover of the business mentioned above exceeds Rs 2 crores, the taxpayer will have… Continue reading All about ITR- 4 Form and who can use it?

financial services

How TDS is deducted under Section 194C?

Whenever a payment is made, TDS should be deducted. The rate at which TDS is deducted depends on the nature of the payment. Here we will tell you about the how TDS is deducted under section 194C which mainly focuses on the TDS deducted on payment made to the Contractor or the Sub-contractor. Income tax… Continue reading How TDS is deducted under Section 194C?

financial services

Things every Taxpayer must keep in mind

The late date to file Income Tax Return is 31st July 2018, for the financial year 2017-18. It is important to file your Income Tax Return as early as possible, to avoid the last-minute hassle. Here are things you must keep in mind before you file your Income Tax Return for Financial Year 2017-18: –… Continue reading Things every Taxpayer must keep in mind