Depreciation on Software as Per income tax:
Depreciation on software is not allowed as per income tax laws in India. However, depreciation on computer hardware is allowed.
ভারতে আয়কর আইন অনুযায়ী সফ্টওয়্যারের অবমূল্যায়ন অনুমোদিত নয়। যাইহোক, কম্পিউটার হার্ডওয়্যারের অবচয় অনুমোদিত।
Income Tax Return filing due date | আয়কর রিটার্ন দাখিলের শেষ তারিখ:
The due date for filing income tax returns for most taxpayers is April 15th of each year. However, the Internal Revenue Service (IRS) may extend the due date if it falls on a holiday or weekend. Some taxpayers may also qualify for an automatic extension until October 15th.
বেশিরভাগ করদাতাদের আয়কর রিটার্ন দাখিলের জন্য নির্ধারিত তারিখ প্রতি বছরের 15ই এপ্রিল। যাইহোক, অভ্যন্তরীণ রাজস্ব পরিষেবা (IRS) নির্ধারিত তারিখ বাড়িয়ে দিতে পারে যদি এটি ছুটির দিনে বা সপ্তাহান্তে পড়ে। কিছু করদাতা 15 অক্টোবর পর্যন্ত স্বয়ংক্রিয়ভাবে এক্সটেনশনের জন্য যোগ্যতা অর্জন করতে পারে।
Penalty for Late filing of income tax Return | দেরিতে আয়কর রিটার্ন দাখিলের জন্য জরিমানা:
The penalty for late filing of income tax return is a fine of Rs. 5,000. If the return is not filed within the due date prescribed, then a late filing fee of Rs. 10,000 is applicable. In addition to this, a penalty of 1% of the tax payable per month can also be imposed for delay in filing of income tax return.
আয়কর রিটার্ন দেরীতে দাখিলের জন্য জরিমানা ৫০ টাকা। 5,000। যদি নির্ধারিত তারিখের মধ্যে রিটার্ন দাখিল করা না হয়, তাহলে দেরীতে জমা দিতে হবে টাকা। 10,000 প্রযোজ্য। এছাড়াও, আয়কর রিটার্ন দাখিল করতে বিলম্বের জন্য প্রতি মাসে প্রদেয় করের 1% জরিমানাও ধার্য করা যেতে পারে।
Income Tax Return Acknowledgement | আয়কর রিটার্নের স্বীকৃতি:
Dear [Name],
We hereby acknowledge receipt of your income tax return for the [tax year].
We would like to thank you for submitting your return on time. Your return is currently being processed. We will notify you of the outcome in due course.
If you have any questions about your return, please do not hesitate to contact us.
Thank you for your cooperation.
Sincerely,
[Name]
[Position]
How to file income tax return online for salaried employee | বেতনভোগী কর্মচারীর জন্য অনলাইনে আয়কর রিটার্ন কীভাবে ফাইল করবেন:
1. To file your income tax return online as a salaried employee, you will first need to register yourself on the Income Tax Department's e-filing website.
2. After registering, you will need to download Form 16 from your employer. This form contains all the details of your salary and other incomes, deductions, and taxes paid by you.
3. You will need to fill this form with your personal details, income details, deductions, and other such information.
4. After filling out the form, you will need to upload it to the e-filing website.
5. Once the form is uploaded, you will need to generate an electronic verification code (EVC) to validate your income tax return.
6. Once the EVC is generated, you will need to submit your income tax return.
7. Finally, you will receive an acknowledgment number which you must keep safely to track the status of your income tax return.
How to Calculate income tax on salary with example | উদাহরণ সহ বেতনের উপর আয়কর কীভাবে গণনা করবেন:
Income tax is a tax levied on an individual’s income by the government. The amount of tax an individual pays is based on their annual income.
আয়কর হল সরকার কর্তৃক একজন ব্যক্তির আয়ের উপর আরোপিত একটি কর। একজন ব্যক্তি যে পরিমাণ ট্যাক্স দেয় তা তাদের বার্ষিক আয়ের উপর ভিত্তি করে।
Example:
Let's say an individual has an annual salary of $50,000. To calculate their income tax, they can use the following formula:
Taxable Income = Gross Salary - Deductions
Tax Payable = Taxable Income x Tax Rate
For example, if the individual has no deductions, their taxable income would be $50,000. If their tax rate is 25%, their tax payable would be $12,500.
Taxable Income = $50,000
Tax Rate = 25%
Tax Payable = $50,000 x 25% = $12,500
How to pay income tax online | কিভাবে অনলাইনে আয়কর দিতে হয়:
1. Visit the website of the tax department and register yourself.
2. Log in to your account and select the option to pay taxes.
3. Select the type of tax you want to pay.
4. Enter the details of the tax you owe, including the amount and any applicable taxes.
5. Select the payment method you want to use, such as a credit card, debit card, or bank transfer.
6. Enter the required information and submit the payment.
7. Once the payment is processed, you will receive a confirmation email or SMS.
How to get income tax return copy online | কিভাবে অনলাইনে আয়কর রিটার্ন কপি পাবেন:
1. Log in to the e-filing portal of the Income Tax Department:
Visit https://incometaxindiaefiling.gov.in/ and log in using your User ID, Password, and Date of Birth.
2. Go to 'My Account:
Once logged in, go to the 'My Account' tab and select the 'View Returns/Forms' option.
3. Select the relevant assessment year:
On the next page, select the relevant assessment year for which you want to view your income tax return.
4. Download your income tax return:
Once you select the assessment year, you will be taken to a page where you can view your income tax return. You can also download it in PDF format.
What is Standard Deduction in income tax| আয়কর স্ট্যান্ডার্ড ডিডাকশন কি?:
A standard deduction is a flat amount deducted from an individual's taxable income. It is a tax benefit offered by the federal government to reduce the amount of income that is subject to taxation. The standard deduction amount varies from year to year and depends on factors such as filing status and age. For the 2020 tax year, the standard deduction for individuals filing as single or married filing separately is $12,400. For married couples filing jointly, it is $24,800. For heads of households, it is $18,650.
একটি স্ট্যান্ডার্ড ডিডাকশন হল একজন ব্যক্তির করযোগ্য আয় থেকে কাটা একটি সমতল পরিমাণ। এটি করের সাপেক্ষে আয়ের পরিমাণ হ্রাস করার জন্য ফেডারেল সরকার কর্তৃক প্রদত্ত একটি কর সুবিধা। স্ট্যান্ডার্ড ডিডাকশনের পরিমাণ বছরের পর বছর পরিবর্তিত হয় এবং ফাইলিং স্ট্যাটাস এবং বয়সের মতো বিষয়গুলির উপর নির্ভর করে। 2020 কর বছরের জন্য, একক বা বিবাহিত হিসাবে পৃথকভাবে ফাইল করা ব্যক্তিদের জন্য স্ট্যান্ডার্ড ডিডাকশন হল $12,400। বিবাহিত দম্পতিদের জন্য যৌথভাবে ফাইল করা, এটি $24,800। পরিবারের প্রধানদের জন্য, এটি $18,650।
How to Register dsc on income tax portal | আয়কর পোর্টালে কীভাবে ডিএসসি নিবন্ধন করবেন:
1. Go to the official website of the Income Tax Department at www.incometaxindiaefiling.gov.in
2. Click on the ‘Register Yourself’ option
3. A list of available options will be displayed. Choose the ‘Digital Signature Certificate (DSC)’ option
4. Enter all the required information like name, email ID, mobile number, PAN, etc.
5. Enter the captcha code as shown in the image
6. Click on the ‘Validate’ button
7. If your information is valid, a registration code will be sent to your registered email ID
8. Use this registration code to log in to your account
9. Once you are logged in, you can proceed to upload your DSC
10. After the DSC is successfully uploaded, you will be able to use it to sign all your documents and forms on the Income Tax portal.
What is TDS in income tax | আয়করের ক্ষেত্রে টিডিএস কি?:
TDS stands for Tax Deducted at Source. It is a system of collecting income tax in India. Under this system, when a person, who is liable to pay tax, receives certain specified payments like salary, interest, commission, etc., a certain percentage of the amount is deducted as tax at the source itself and is remitted to the government by the payer.
How Much time it takes to get income tax refund in india | ভারতে আয়কর ফেরত পেতে কত সময় লাগে:
Typically, it takes around 6 to 8 weeks to get an income tax refund in India. This timeline is applicable for both online and offline filing of income tax returns.
How to Save income tax | কিভাবে আয়কর সংরক্ষণ করবেন:
1. Make Use of Tax-Advantaged Accounts: Utilize 401(k) and IRA accounts to save for retirement. Contributions to these accounts are often tax-deductible, and the money grows tax-free until it’s withdrawn.
2. Make the Most of Tax Credits: Tax credits directly reduce the amount of tax you owe. Credits like the child tax credit, the earned income tax credit, and the American Opportunity Tax Credit are all available to eligible taxpayers.
3. Defer Income: Deferring income, such as through a traditional IRA or 401(k), can help you reduce your taxable income for the current year.
4. Take Advantage of Tax Deductions: Tax deductions reduce the amount of income subject to taxation. Common deductions include mortgage interest, charitable contributions, and business expenses.
5. Utilize Business Tax Breaks: Businesses can take advantage of various tax breaks such as the home office deduction and the domestic production activities deduction.
6. Invest in Tax-Exempt Bonds: Tax-exempt bonds are investments in which the interest earned is exempt from federal income tax.
7. Consider a Roth IRA: Contributions to a Roth IRA are not.
Income Tax All Act And Laws
● 44ada of income tax act:
1961
Section 44ADA of the Income Tax Act 1961 deals with the Presumptive Taxation Scheme for professionals. This scheme enables professionals such as doctors, lawyers, engineers, architects, accountants, etc. to opt for a presumptive taxation scheme. Under this scheme, the professional can declare a certain portion of their income as their income from their profession and pay tax on it.
আয়কর আইন 1961 এর ধারা 44ADA পেশাদারদের জন্য অনুমানমূলক কর প্রকল্পের সাথে সম্পর্কিত। এই স্কিমটি পেশাদারদের যেমন ডাক্তার, আইনজীবী, প্রকৌশলী, স্থপতি, হিসাবরক্ষক ইত্যাদিকে একটি অনুমানমূলক কর প্রকল্প বেছে নিতে সক্ষম করে। এই স্কিমের অধীনে, পেশাদাররা তাদের আয়ের একটি নির্দিষ্ট অংশকে তাদের পেশা থেকে আয় হিসাবে ঘোষণা করতে পারেন এবং এর উপর কর দিতে পারেন।
● Section 10 of the income tax act:
Section 10 of the Income Tax Act deals with Incomes that are exempt from tax. The incomes which are exempt from tax under this section are as follows:
1. Agricultural Income: Agricultural income of an individual is exempt from tax.
2. Dividend from domestic companies: Dividend received from domestic companies is exempt from tax.
3. Interest from savings account: Interest received from a savings account is exempt from tax up to a certain limit.
4. Sale of securities: The sale of securities is exempt from tax.
5. Long-term capital gains: Long-term capital gains on the sale of fixed assets are exempt from tax.
6. Retirement benefits: Retirement benefits such as pension and gratuity are exempt from tax up to a certain limit.
7. Income from life insurance policies: Income from life insurance policies is exempt from tax.
8. Income of foreign companies: Income earned by a foreign company in India is exempt from tax.
9. Scholarships and awards: Scholarships and awards received by an individual are exempt from tax.
10. Profits and gains from business or profession: Profits and gains from business or profession are exempt from tax if the
● Section 24 of the income tax act:
Section 24 of the Income Tax Act, of 1961 deals with the deduction of interest on a loan taken for the purchase or construction of a house. According to this section, an individual can claim a deduction of up to Rs. 2 Lakhs for the interest paid on a loan taken for the purchase or construction of a residential house property. This amount is applicable for both self-occupied and let-out properties.
● Section 80d of the income tax act:
Section 80D of the Income Tax Act, 1961 is a deduction available to an individual taxpayer or a Hindu Undivided Family (HUF) for the expenditure incurred on health insurance premiums paid for self, spouse, children, parents, or any other individual who is a member of the family. It also includes the expenditure incurred on preventive health check-ups.
The deduction is available up to a maximum limit of Rs. 25,000 in the case of individuals (including HUFs) and Rs. 50,000 in the case of senior citizens. In addition to this, an additional deduction of up to Rs. 25,000 is available if the health insurance premium is paid for an individual who is a senior citizen. Thus, the maximum deduction available under Section 80D is Rs. 75,000 in the case of senior citizens and Rs. 50,000 in the case of other individuals (including HUFs).
The deduction is allowed only for the amount actually paid by the assessee for the health insurance premium during the financial year. The premium amount should be paid through any mode other than cash for claiming the deduction.
The deduction is also allowed for the amount paid for preventive health check-ups. The deduction is available up to a
● Section 111a of the income tax act:
Section 111A of the Income Tax Act 1961 governs the taxation of long-term capital gains arising from the sale of equity shares or units of an equity-oriented fund. It provides that any gains arising from the sale of such shares or units which are held for a period of more than 12 months are eligible for indexation benefit. Indexation benefit allows the taxpayer to adjust the cost of acquisition of the asset for inflation and thereby reduce the number of taxable capital gains. The adjusted cost of acquisition is then used to calculate the taxable capital gains.
Any long-term capital gains arising from the sale of equity shares or units of an equity-oriented fund are taxed at the rate of 10% (plus applicable surcharge and cess) if the gains exceed Rs. 1 lakh. If the gains are below Rs. 1 lakh, no tax is payable.
Short-term capital gains arising from the sale of equity shares or units of an equity-oriented fund are taxed as per the normal tax slab rates applicable to the taxpayer.
● 112a of income tax act:
1961
Section 112A of the Income Tax Act, of 1961 deals with the taxation of long-term capital gains (LTCG) arising from the transfer of specified assets. According to this section, any LTCG arising from the transfer of a long-term capital asset shall be taxed at a flat rate of 10% (plus applicable surcharge and cess). However, this rate may be reduced to an effective rate of zero percent in certain cases, such as where the taxpayer invests the capital gains in specified assets. This section also provides an exemption from taxation of LTCG, up to an amount of Rs. 1 lakh arising from the transfer of a long-term capital asset. In addition, this section also provides certain exemptions from the capital gains tax, such as in the case of gifts received, transfers on account of succession, etc.
● US 143 1 of income tax:
The current rate of income tax for individuals in the United States is dependent on the individual's filing status and income level. The tax rate for individuals filing as single is 10%, 12%, 22%, 24%, 32%, 35%, or 37%. For married filing jointly, the tax rate is 10%, 12%, 22%, 24%, 32%, 35%, or 37%. Head of household filers pays 10%, 12%, 22%, 24%, 32%, 35%, or 37%. For married filing separately, the tax rate is 10%, 12%, 22%, 24%, 32%, 35%, or 37%. For those filing as qualifying widows (er) with dependent children, the tax rate is 10%, 12%, 22%, 24%, 32%, 35%, or 37%.
● 115baa of income tax act:
Section 115BAA of the Income Tax Act, 1961 deals with the taxation of individuals and Hindu Undivided Families (HUFs) whose total income does not exceed Rs. 15 lacks. Such individuals and HUFs are taxed at a concessional rate of 10%.
আয়কর আইন, 1961 এর ধারা 115BAA ব্যক্তি এবং হিন্দু অবিভক্ত পরিবার (HUFs) যাদের মোট আয় রুপির বেশি নয় তাদের ট্যাক্সের সাথে সম্পর্কিত। 15 অভাব। এই ধরনের ব্যক্তি এবং HUF-এর উপর 10% রেয়াতি হারে কর দেওয়া হয়।
● 234b of income tax act:
Section 234B of the Income Tax Act, 1961 deals with the levy of interest for default in payment of Advance Tax. It provides that if a person is liable to pay advance tax and he fails to pay such tax or pays less than the amount of advance tax payable by him, then he shall be liable to pay interest at the rate of 1% per month on the amount of such default. This interest shall be calculated from the 1st day of April of the assessment year to the date on which such tax is actually paid.
Section 234B shall not be applicable if the total income of an assessee does not exceed the maximum amount not chargeable to tax.
● 194jb of income tax act:
Section 194J of the Income Tax Act pertains to the tax deducted at source (TDS) for payments made for professional and technical services. This section states that any person responsible for making payments in respect of fees for professional services or fees for technical services shall deduct income tax at the rate of 10% of such sum.
আয়কর আইনের ধারা 194J পেশাগত এবং প্রযুক্তিগত পরিষেবার জন্য অর্থপ্রদানের জন্য উৎসে কর কর্তন করা (TDS) সম্পর্কিত। এই বিভাগে বলা হয়েছে যে পেশাদার পরিষেবার জন্য ফি বা প্রযুক্তিগত পরিষেবাগুলির জন্য ফি সংক্রান্ত অর্থ প্রদানের জন্য দায়ী যেকোন ব্যক্তি এই পরিমাণের 10% হারে আয়কর কাটবেন।
● 206cq of income tax act:
Section 206C of the Income Tax Act, of 1961 deals with the collection of tax at source. It allows the government to collect a certain percentage of tax at the time of certain specified transactions. These specified transactions include the sale of goods, the transfer of immovable property, and the provision of certain services. The amount of tax that is collected at the time of such transactions is known as the TCS (tax collected at source). The taxpayer must then deposit the TCS with the government and make the appropriate returns. The taxpayer is also required to issue a TCS certificate to the person from whom the payment is received. The tax collected is then credited to the Consolidated Fund of India.
● Section 54 of the income tax act:
Section 54 of the Income Tax Act, 1961 pertains to Exemption from capital gains in respect of investments in residential house property. This section states that any profits or gains arising from the transfer of a long-term capital asset, being a residential house property, shall not be chargeable to income tax if the assessee has invested the long-term capital gains in the purchase or construction of another residential house property within the time limit specified in the section. However, this exemption is subject to certain conditions and limits specified in the section.
আজকের আইটির নীতিমালা মেনে কমেন্ট করুন। প্রতিটি কমেন্ট রিভিউ করা হয়।
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