How to withdraw Yourself Account Payee Cheque?
Depositing a Cheque would not be allowed by the other Banks as their rules would be contrary to your Bank rules. Most of the Cheque Payees don’t know the process of realizing the Cheques from the Financial Institutions like Banks in India. The rules implemented by the Corporate Banks, Investment Banks and much more such […]
What are the elements available in a Cheque or Check?
A Cheque also spelled Check in American English, is an instrument in the form of a piece of paper printed in a specified format following the guidelines of the Financial Institutions (Banks) that demands the Institutions to pay off a specified degree of amount in a specific Currency mentioned on it against an Account Number(Bank […]
How to Install, Type Indian Rupee Symbol in Computer Documents
The Indian Rupee Symbol is now out for Computer Users to deploy the Rupee Font in your Computer instead of using the letter Rs. in the printed documents, and reports. Now you can easily install the Indian Currency Symbol and use the font, which was created by the Foradian Technologies and the new Indian rupee […]
How a Company considered as Person as per Income Tax Act, 1961
For the purpose of Income Tax the term Company has wider meaning in the provision of Income Tax Act, 1961 than the Companies Act, 1956. As per the Income Tax Act, 1961 the expression Company means Any Indian Company as defined in Section 2(26); or Any Body Corporate incorporated by or under the laws of […]
How to Fill C Form details for CST Purchases in Tally ERP 9
Tally accounting software allows us to record the C Form information like Series Number, Form Number, and Date of Issue in respect of each Inter-state Invoice. It helps us to record and maintain CST Statutory information. After the C Forms are obtained from the Computerized Dealers Service Center it is better to record the information […]
How a HUF considered as Person as per Income Tax Act, 1961
Hindu Undivided Famaly (HUF) has been treated as a separate entity for the purpose of Assessment as per the provisions of the Income Tax Act, 1961. HUF is not defined in the Act but it is included in the definition of the term Person under Section 2(31). But the expression defined in the Hindu Law […]
How an Individual considered as Assessee as per Income Tax Act, 1961
The term Individual means a natural person either he is male or female. And even a minor or an unsound minded person is also considered as Individual. In such a case the Assessment has to be made as per the Section 161(1) of Income Tax Act, 1961 on the Guardian or Manager of the Minor […]
What is the meaning of Person as per Income Tax Act, 1961
In the definition of the Assessee the term Person is highlighted and that is closely connected with the latter. As well the term is also very important in charging of Income Tax point of view in respect of every person. And this term is defined in Section 2(31) of Income Tax Act, 1961. The list […]
Download C Forms report in Andhra Pradesh Commercial Tax website
Dealers will get their C Forms after they has requested through Commercial Tax Department website by submitting the C Forms Utilisation file. At the time Auditing they have to present the information regarding the C Forms either received from the customers or issued to the suppliers. If the counter foil or duplicate copy of the […]
What is the meaning of Assessment as per Income Tax Act, 1961
This term is defined in Section 2(8) of Income Tax Act, 1961. This is nothing but a procedure by which the Income of an Assessee is determined by the Assessing Officer. It may be of Normal Assessment or Reassessment of an Income previously assessed.
What is the meaning of Assessee as per Income Tax Act, 1961
This term is widely used in the provisions of Income Tax Act, 1961 and defined in Section 2(7). The Act defined this term as a Person who has to pay or payable Tax or any other sum of money under this Act. It includes every person whose proceedings are taken for the assessment of his […]
What are the major terms used in Income Tax?
Section 2 of Income Tax Act, 1961 having the broad meaning of the various key terms and expressions used therein. In order to understand the provisions contained in the Act one must have through knowledge of the terms used in the provisions therein like Income, Assessee, etc., Apart that there are some specific commonly understood […]