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Filing of Income Tax
Return
Filing
of Tax Return
Under the provisions of Income Tax Act, 1961, every
person, having a taxable income, has an obligation to
submit, on an annual basis, tax return in respect of
income derived in a financial year. Different dates
are prescribed for various categories of tax payers
for filing of annual income tax return. In the case
of an individual having income chargeable under the
head 'Salaries' the last date for submission of annual
income tax return is 31st day of July, immediately following
the relevant financial year.
Under the
provisions of Income Tax Act any person from or through
whom, a non-resident is in receipt of any income, whether
directly or indirectly, can be regarded as an agent
of the non-resident. Accordingly, such person can file
income tax return and claim refund, in their own name
in respect of income of the non-residents.
Permanent
Account Number (PAN)
PAN
is to be applied for by the employee and the application
is to be filed with the Income-tax officer in Form No.49A,
as prescribed by Income Tax Rules, 1962, with the Local
tax authorities. PAN is to be quoted on all documents
while communicating with the tax department in connection
with any matter relating to tax deduction at source.
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