financial services · GST · Income Tax · income tax return · Our Services · Taxation

Basic difference between Income Tax and TDS?

Still confused with Income Tax and TDS, fret not as here are some of the basic differences between Income Tax and TDS. Income Tax It is a mandatory tax paid by individualsand HUFs who have their income from various sources. It is a direct tax thatgoes directly from taxpayer to the government. TDS Tax Deducted… Continue reading Basic difference between Income Tax and TDS?

financial services · Income Tax · income tax return · Our Services · Scoop.it · Taxation · Uncategorized

Why your Income Tax Refund is getting late?

If you have paid some extra amount as your Income Tax, then there are chances that you will get an Income Tax Refund. There are instances where the taxpayer does not receive his/her refund on time. It takes inordinately long time to get IT Refund, here are a few reasons why: – There are chances that, there… Continue reading Why your Income Tax Refund is getting late?

financial services · Income Tax · income tax return · Our Services · Taxation

Learn How to E-file your Income Tax Return in 2018

As we cross into March, another financial year is drawing to a close. If you are a salaried individual you will have noticed the bustle around the office accounts department as they prepare to close their books. Your financial obligations to the government are due as long as you do not learn how to e-file… Continue reading Learn How to E-file your Income Tax Return in 2018

financial services · Income Tax · income tax return · Taxation

Union Budget 2018-19: Taxation Proposals

Do you think the union budget just flew past you? Let’s find out the key highlights that you missed in this year’s budget. Tax-related proposals which made the headline are as follows: One good news for salaried individuals and HUFs is the reintroduction of standard deduction which covers a tax deduction of Rs 40,000. The… Continue reading Union Budget 2018-19: Taxation Proposals

financial services · Income Tax · income tax return

Common Misdemeanors that Income Tax Filers Commit

“There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.” This quote, perhaps, best summarizes what many taxpayers think about doing their income tax returns. For why else would so many individual ITR filers use immature tactics such… Continue reading Common Misdemeanors that Income Tax Filers Commit