The Income Tax Act 1961
Income tax act is the charging Statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. Recently the Government of India has brought out a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act,1961 and the Wealth Tax Act, 1957. Public Commentary has been called for the Draft Bill.[1] The redrafted bill is supposed to be made public soon.
As per section14 of the Income Tax Act, for the purpose of charging of tax and computation of total income, all incomes are classified under the following 5 Heads of Income
1.Salaries
2.House Property
3.Profits and Gains of Business of Profession
4.Capital Gains
5.Other Sources
1. PAN Card.
2.Pay Slip ( for 12 months)
3.FORM 16
4.BANK STATEMENT
Last Date for Filing: September 30th or on such due date as extended by CBDT
1 Company PAN Card.
2. Bank Statement.
3. Sale and purchase invoice
4. Expenses Vouchers
5. Business details
Last Date for Filing: July 31st
1. Firm PAN Card.
2. Bank Statement.
3. Sale and purchase invoice
4. Expenses Vouchers
5. Business details
Last Date for Filing: September 30th or on such due date as extended by CBDT
1. Company PAN Card.
2. Bank Statement.
3. sale and purchace purchase invoice
4.Expenses Vouchers.
5. Business details
Last Date for Filing: September 30th