Form 27Q is the statement of TDS return for the non-salary payments done to NRI. The Indian buyer is required to submit the form 27Q every quarter before the due date.
Sec 194 IA of the Income Tax Act, 1961, states that, beginning from June 1, 2013, tax at 1% shall be deducted by the buyer while making the payment for the property.
While paying the monthly salary to a staff member (deductee), the company (deductor) deducts TDS under section 192. And, the deductor needs to submit a salary TDS using Form 24Q.
Every individual who is earning has to file return of income tax as per the income tax act, 1961. There are various rules and regulations to do the same in proper manner.
This document certifies the amount that is deducted as tax deduction at source during the sale of a property. This amount is deposited by the buyer to the income tax department.
Form 16C is the TDS certificate which is issued by the Tenant of property to the Landowner of property in respect of TDS deducted on rent under Section 194-IB
ITR 6 is a form used by companies which do not claim exemptions under section 11 to file their annual business income tax returns. Check the form structure, eligibility, & steps to fill the form.
What is verification of Income Tax Return? What is ITR V or acknowledgment? How to download ITR V or acknowledgment? How ITR V or acknowledgment can be sent?
Income tax form Sugam ITR - 4S for Presumptive Business. Learn about the applicability of the form, Part A, Part B, Part C & schedules of ITR 4 form
Individuals who are holding properties also need to file income tax returns for the gains from the property. Learn the meaning of ITR form 7, eligibility & procedure.