Income Tax

A Guide on Faceless Income Tax Assessment Scheme

FACELESS INCOME TAX ASSESSMENT SCHEME   Faceless Income Tax Assessment is a new system of income tax assessment introduced by the Indian government in 2020. It is designed to make the assessment process more efficient and fair, while also reducing face-to-face interactions between taxpayers and tax officials. Under the faceless assessment system, all communication between …

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TDS Return

TDS Return

TDS Return is a statement that needs to be filed by an entity (deductor) who is responsible for deducting tax at source (TDS) from a payment made to another entity (deductee). The TDS Return needs to be filed on a quarterly basis. TDS RETURN AND THEIR TYPES OF CORRECTION What is TDS return? TDS stands …

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