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What is Tax Avoidance?

Wednesday, June 19, 2019, 3:25 PM

Tax avoidance is a method of using the loopholes existing in the laws in order to save taxes. Tax avoidance is generally used by big business houses and companies who make use of such loopholes, deductions and tax rates in order to reduce the tax burden borne by these companies. Tax avoidance is done without breaking any laws or rules under the IT act.
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How to check ITR-V status?

Tuesday, October 16, 2018, 2:30 PM

A user can check the status of his ITR-V receipt submitted online with Income Tax Department, by entering his PAN, e-filing acknowledgement number and assessment year. The user can also check if the Central Processing Centre (CPC) has received the ITR-V and if digital signature has been used while filing.
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What is Form 26 AS?

Wednesday, September 19, 2018, 4:59 PM

Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax related information (TDS, TCS, Refund etc) associated with a PAN. It shows how much of your tax has been received by the government and is consolidated from multiple-sources like your salary/ pension /interest income etc. This form contains the annual tax-statement under Section-203AA and Rule 31AB.

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