Ankit Jain – Page 18

I have let out a property for 20,000 per month. The tenant is deducting tax that is more than my tax liability. What can I do under this circumstance?

If you compute your tax liability and find it to be lower than the tax being deducted, you may approach your Assessing Officer by filing Form 13. He will issue […]

I have made some deposits with a bank on which annual interest is around 15000. My income is below taxable limit. The banker wants to deduct tax. What do I do?

You can file a self-declaration to the banker in Form 15H stating that your income is below taxable limit. The form is available with your banker, the local Income Tax […]

What is TDS?

TDS means ‘Tax Deducted at Source’. TDS is one of the modes of collection of taxes, by which a certain percentage of amount is deducted by a person at the […]

Why is it necessary to have TAN?

The provisions of Section 203A of the Income Tax Act, 1961 require all persons who deduct or collect tax at source to apply for the allotment of TAN. The section […]

How can I track the status of my TAN application?

Applicants may track status of their TAN application using 14-digit unique Acknowledgment Number after three days of application using the status track facility on TIN.

How to apply for new TAN?

How to apply for new TAN? Application Procedure An applicant will fill Form 49B online and submit the form. Deductor may either make an online application through TIN (Tax Information […]

What are the types of TAN applications?

There are two types of TAN Applications: Application for issuance of new TAN (Form 49B) This application form should be used when deductor has never applied for a TAN or […]

What is TAN Registration Number?

TAN Registration Number is provided by TIN when TAN is registered on TIN

Who is a deductor?- TAN

A Deductor is a specified person who is eligible to deduct tax on particular types of payments being made by them as per the provisions of the Income Tax Act, […]

What is TAN ?

TAN or Tax Deduction and Collection Account Number is a unique ten-digit alpha-numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Under […]