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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
The e-challan system of India has been in vogue for almost a decade, starting to roll out in pilot phases from 2012 onward. [15] The e-challan may be operated by PDAs, cell phones or e-Seva Kendras whose e-services include facility for payment of e-challans for traffic violation.
A check sheet is a form (document) used to collect data in real time at the location where the data is generated. The data it captures can be quantitative or qualitative. When the information is quantitative, the check sheet is sometimes called a tally sheet. [1] The check sheet is one of the so-called Seven Basic Tools of Quality Control. [2]
Withheld income taxes are treated by employees as a payment on account of tax due for the year, [7] which is determined on the annual income tax return filed after the end of the year (federal Form 1040 series, and appropriate state forms). Withholdings in excess of tax so determined are refunded.
A deposit slip or a pay-in-slip is a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction when physically depositing at a bank.
Charles III (Charles Philip Arthur George; born 14 November 1948) is King of the United Kingdom and the 14 other Commonwealth realms since 8 September 2022. [b]Charles was born in Buckingham Palace during the reign of his maternal grandfather, King George VI, and became heir apparent when his mother, Queen Elizabeth II, acceded to the throne in 1952.
Tax is collected by the Hawaii Department of Taxation. [244] Most government revenue comes from personal income taxes and a general excise tax (GET) levied primarily on businesses; there is no statewide tax on sales, [ 245 ] personal property, or stock transfers, [ 246 ] while the effective property tax rate is among the lowest in the country ...