Discover and read the best of Twitter Threads about #clubbing
Most recents (2)
Thread on Taxation and Tax Planning through Minor’s Income
We will see:
👉🏻PAN & ITR filing of Minor
👉🏻How Clubbing of Income happens?
👉🏻Taxation of Minor Income
👉🏻Tax Planning
@Spaysocial @investyadnya @AdeParimal @gaurav28jain #minor #TaxTwitter #taxplanning
We will see:
👉🏻PAN & ITR filing of Minor
👉🏻How Clubbing of Income happens?
👉🏻Taxation of Minor Income
👉🏻Tax Planning
@Spaysocial @investyadnya @AdeParimal @gaurav28jain #minor #TaxTwitter #taxplanning
Q. Can minor apply for PAN?
Absolutely yes, Income Tax Act does not bar minors from applying to PAN. Even today’s born baby can also apply for PAN.
There is no age limit for applying for PAN.
Absolutely yes, Income Tax Act does not bar minors from applying to PAN. Even today’s born baby can also apply for PAN.
There is no age limit for applying for PAN.
Q. Can Minor file his ITR?
Yes again. There is no provision in income tax act which says minor cannot file his ITR.
Income tax return can be filed by his representative also.
#incometax #IncomeTaxReturns
Yes again. There is no provision in income tax act which says minor cannot file his ITR.
Income tax return can be filed by his representative also.
#incometax #IncomeTaxReturns
Thread 🧵 on Important Points while Filing Income Tax Returns.
Which in turns saves you from any notice from Income Tax Department.
@Spaysocial @investyadnya @AdeParimal @gaurav28jain
Request to retweet for maximum reach 🙏🏻
Which in turns saves you from any notice from Income Tax Department.
@Spaysocial @investyadnya @AdeParimal @gaurav28jain
Request to retweet for maximum reach 🙏🏻
1. Do check AIS (Annual Information Statement) & TIS (Tax Information Summary)
Both available on income tax portal under services tab.
Please note there might be errors in figures reported in those statements but you can submit appropriate feedback if showing wrong details.
Both available on income tax portal under services tab.
Please note there might be errors in figures reported in those statements but you can submit appropriate feedback if showing wrong details.
2. Choosing of correct ITR Form is the most important thing.
If you choose wrong ITR form your ITR will be considered defective. This will lead to invalidate your ITR if response not submitted in due time.
Invalid ITR is as good as you have not filed ITR.
If you choose wrong ITR form your ITR will be considered defective. This will lead to invalidate your ITR if response not submitted in due time.
Invalid ITR is as good as you have not filed ITR.
