Income Tax Department introduced three types of challan they are Challan.No.INTS 280, Challan.No.INTS 281, Challan.No.INTS 282. Challan.No.INTS 280 used for depositing TDS (or) TCS. TDS Means Tax Deducted at source and TCS means Tax Collected at source. Challan 281 deposited from Corporate or … Read more
What is the Defective return u/s 139 (9): A return is said to be defective if the return has not filed as per the provisions of income tax. If your return found defective then the Income-tax department will send you to notice u/s … Read more
Every Remitter will use NEFT form to Transfer amount below 2 lakhs.RTGS and NEFT Systems maintained by Reserve Bank of India. SBI Inter-Bank Transfers can be done two ways there are RTGS and NEFT.NEFT means National Electronic Fund Transfer. If you want … Read more
Every Remitter will use RTGS form to Transfer amount above 2 lakhs.RTGS and NEFT Systems are maintained by Reserve Bank of India. SBI Inter-Bank Transfers can be done in two ways there are RTGS and NEFT. RTGS means Real Time Gross Settlement. … Read more
Full and final settlement means Employee will be taking a full and final settlement from his employer after the employee resigns from his job and leave his services. Different employers prepare full and final settlement formats. Here is an example of full and final … Read more
It is common that sometimes LIC policyholders will forget to make the premium payments due to various reasons, in those cases, their LIC policies will get lapsed. At that, the LIC policyholders need to submit LIC form 680 to the Life Insurance … Read more