Income tax filing is mandatory for salaried, professionals, business, income from other sources above a particular ceiling limit. Income tax returns have to be filed carefully as per the Act, declaring all applicable income and claiming available exemptions. TDS deducted if any can be claimed as refund after adjusting the taxes. Last date of filing […]
As all of us know the greatest source of Guaranteed Revenue for Central Govt. is Direct Tax – TDS. Having said that we as Professional Consultants feel that Income Tax Dept is using TDS as a mode of Punishment for us Business Entrepreneurs. TDS is deducted on Bills even without knowing whether Payments are going to […]