Advocate TAX

26/07/2024

24/07/2024

बजट 2024-25
For Direct Taxes

01/05/2024

ITR Financial year (2023-24)
Point to be check before filing ITR

1. Check 26 AS is updated or not
2. Check AIS is updated or not
3. Check purchase of any Share or Security in AIS.
4. GST purchase and Sale in AIS
5. House Rent income also shows in AIS

01/05/2024

भक्ति करिए तो आस्था भीं रखिए.भक्ति मानसिक शक्ति देती है.देवो की वीर गाथायें आत्मिक बल देती है सही मार्ग पर चलने की प्रेरणा देती है.यही आत्मिक बल हमारे अंदर आध्यात्मिक शक्ति(दैविक शक्ति)बढ़ाता है हमे संकटों से लड़नेकी शक्ति देता है धैर्य रखने की भीं शक्ति देता है. हमे अच्छे कर्म करने की प्रेरणा देती है, अच्छे कर्म देर-सवेर फलदायी ही होता है और बुरे कर्म हमेशा दंडनीय होते है.

👉पर जो तर्कसंगत ना हो वो अंधविश्वास अपने में पनपने न दीजिए.🙏🙏🙏🙏

30/07/2023

*आयकर विभाग ने इस वर्ष आयकर रिटर्न भरने वाले लोगों की संख्‍या में पिछले वर्ष के मुकाबले उल्‍लेखनीय वृद्धि दर्ज की है। आज दिन में एक बजे तक कुल 5 करोड़ 83 लाख आयकर रिटर्न दाखिल किए जा चुके थे। यह संख्‍या पिछले वर्ष 31 जुलाई तक भरे गए आयकर रिटर्न से अधिक है।*

“आयकर विभाग ने इस वर्ष आयकर रिटर्न भरने वाले लोगों की संख्‍या में पिछले वर्ष के मुकाबले उल्‍लेखनीय वृद्धि दर्ज की ...

27/07/2023

अपना आयकर रिटर्न AY 2023-2024
31 जुलाई 2023 के पहले फाइल कराना सुनिश्चित करें. आखरी समय का इंतजार ना करें क्योंकि आखरी समय साइट टाइट हो जाती है .🤣🤣🤣
31 जुलाई के बाद आपको पेनाल्टी के रूप में अपनी जेब ढीला करना पड़ेगा.🙏🙏🙏🙏

22/05/2023

Revocation of registration in GST

22/05/2023

For Composition Scheme

18/10/2022

True!!

22/07/2022

Section 194DA TDS on Payment in respect of Life Insurance Policy

1) Who is responsible to deduct tax under section 194DA of Income Tax Act, 1961? Any person responsible for paying to a resident any sum under a life insurance policy, including the sum allocated by way of bonus on such policy, other than the amount not includible in the total income under section 10(10D), shall deduct income-tax thereon.

2) When to Deduct TDS under Section 194DA? Tax shall be deducted at the time of payment thereof. 3) Rate of TDS under Section 194DA The rate of tax u/s 194DA is 5% (3.75% w.e.f. 14.05.2020 to 31.03.2021) on “only Income Part” of the payment made under LIP. [Applicable from September 1, 2019] (That is after deducting the amount of insurance premiums paid by the insured person from the total sum received from Insurance Company). In case if deductee does not provide the PAN details with the Life Insurance Companies, then there will be a TDS of 20%.

ILLUSTRATION– Mr. Sham took insurance policy on 26th July, 2015 for ₹ 2,20,000/-. He paid premium of ₹ 55,000/- every year. On 25th July, 2020 he received ₹ 2,50,000/- (including bonus) as the maturity proceeds. State whether TDS provisions are applicable or not. Policy is taken after 1st April, 2012. Hence, amount of deduction allowed on premium should not exceed 10% of the sum assured. In this case, the sum assured was ₹ 2,20,000/- so amount of premium should not exceed ₹ 22,000/-. However actual premium paid (₹ 55,000/-) is more than ceiling limit (₹ 22,000/-). Hence, the proceeds are taxable. As per Section 194DA, since the proceeds are more than ₹ 1,00,000/- TDS provisions are applicable. Hence the insurance company will deduct TDS @ 5% of ₹ 30,000/- i.e. ₹ 1,500/- while making the payment of the maturity proceeds. 5) Exemptions u/s 10 [10(D)] As per sec 10 [10(D)] of the Income Tax Act any sum received under the Life Insurance Policy including the sum allocated by way of bonus on such policy is exempted whether received from Indian or a Foreign company

28/06/2022

Pan AADHAAR jisk link nahi hai 500 fine lagne laga hai.
30 June 2022 ke baad fine 1000 ho jaye ga