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Q1. What is meaning of Income Tax?
Q2. What is meaning of Permanent Account Number (PAN)
Q3. Who are required to hold PAN Card?
Q4. Some Subsequent questions regarding PAN card:
What is Application for PAN ?
Application should be made in form 49A. For online allotment of PAN you can apply through website https:Uinnsdl.com or www.utiisl.Co.In. After making application, you can enquire the status of your applications and PAN (if allowed) from the above mentioned website
What is PAN for Minor ?
Q5. What are income tax rates?
Q6. What do you mean by Previous Year & Assessment Year?
Q7. How to compute Gross Total Income (GTI)
Income from Other Sources
Q8. What are the types of deductions from Gross Total Income while making computation of ITR?
Following are some important deductions from Gross Total Income under Chapter 6A.
Section 80C-Investments
Section 80CCC - Insurance Premium
Section 80CCD - Contribution of Pension
Section 80 CCE - Adding of Sections 80C + 80CCC + 80CCD
Section 80CCG - RGESS
Section 80D - Medical Insurance
Section 80DD - Disabled Dependent
Section 80DDB - Medical Expenditure
Section 80E - Interest on Education Loan
Section 80EE - Interest on Home Loan
Section 80G - Donations
Section 80GG - House Rent Paid
Section 80TTA - Interest on Savings Account
Section 80U - Physical Disability
Section 80GGB - Company Contribution
Section 80GGC - Contribution to Political Parties
Section 80RRB - Royalty of a Patent
Section 80TTB - Interest Income
Q9. What happens in case of Late Filling of Return?
Q10. How can ITR be verified?
Q11. Is it necessary to Dispatch ITR-V to CPC, Bangalore
Income Tax Department-CPC,
Post Box No-1,
Electronic City Post office,
Bangalore-560200, Karnataka
Q12. What are the various forms of collection of tax by Government of India?
Q13. Does possession of a PAN card means that it is mandatory to file an ITR?
Q14. What is the Last Date for filing of an ITR?
Q15. Why Choose TaxAvtaar?
Q16. Does TaxAvtaar Assist Taxpayers in manual preparation and filing of ITR ?
Q1. What are the Steps for filing ITR with assistance of TaxAvtaar?
Note: in case ITR is e-verified, then there is no need to post the physical ITR copy to CPC, Bengaluru.
Q2. Does TaxAvtaar calculate the Tax Refunds?
The following chart is summarized for clear initiation of maximum refund by TaxAvtaar:
Q1. How does TaxAvtaar makes ITR filing affordable?
Q2. What makes TaxAvtaar distinct from others?
The following chart is summarized for better understanding of compliance dealing by TaxAvtaar: