Day: May 17, 2019

Income Tax alert! I-T payers must not miss these important deadlines

Income Tax alert! I-T payers must not miss these important deadlines

News
Paying taxes and filing for Income Tax Returns (ITR) are two most important practice for taxpayers notified by Income Tax Department. Any salaried individual is liable to pay taxes depending upon their income group and tax rates. Then there are terms like tax deducted at source (TDS) and tax collected at source (TCS) which are levied by various companies and collected as per Income Tax Act. However, the IT department does give a breather for reducing taxes, claiming returns by filing various forms. An individual or company is needed to communicate their incomes and gains in a statement to the department. But they all have a specific time period. Now that, a little over 2 weeks are left for May month to end, there are a host of due dates you would not want to miss out in regards to your t...