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A unique PAN can be allotted under this system to 17 crore taxpayers under each alphabet under each status (i.e.
The proper understanding of the two terms is of paramount importance for proper computation of income tax and preparation of income tax return.
Deductions specified in section 80C to 80U.".
I tax rates 12-13,3,income tax rates after budget 2012,2,income tax rates fy 2013-14,1,income tax refund,30,income tax return,24,income TAX return 16-17,15,income tax return 2011-12,9,income TAX return 2015-16,65,income tax return due date,18,income TAX return exemption,6,income tax return form,5,income TAX return form 12-13,16,income TAX return form excel,4,income tax.Income Tax Rebate, Income Tax Deduction and Income Tax Exemption and ends up using them interchangeably.What is Total Income (TI) and Gross Total Income (GTI)?F Firm, a Association of Persons (AOP t AOP (Trust b Body of Individuals (BOI).For eg: Income Tax Exemptions allowed under head salary are not allowed to be claimed from any other head.The PAN under the new series is allotted centrally by a customised application system (ipan / AIS) for all-India uniqueness.Since a taxpayer can make payment of taxes or have monetary transaction anywhere in India, a unique all India taxpayer identification Number is essential for linking and processing transactions / documents relating to a taxpayer on computers, as also for data matching.If a matching ppan is detected, a warning is given to the user and a duplicate ppan report is generated.Therefore, a new series of Permanent Account Number was devised.A common man is most of the times confused between the terms.VI-A, deductions to be made in computing total income.Various types of Rebates available for an Individual taxpayer are as follows).Section 17 - Salary, perquisite and profits in lieu of salary defined.Section 139A of the Act was amended.e.f.To facilitate easy retrieval consumerreports org discount subscription of information.Related Terms, most Viewed, browse Definitions by Letter: #.In such cases, a new PAN can only be allotted if the Assessing Officer chooses to override the duplicate ppan detection.Proviso to sub section 2(viii).Section 80A - Deductions to be made in computing total income.
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