Any salaried individuals who reside in rented accommodation and pays rent to the landlord can claim the House Rent Allowance in respect of rental payments under section 10(13A) of the Income-tax Act, 1961. In case you don’t live in rented accommodation, this allowance will be fully taxable. Basically, the amount of HRA exemption is deductible… Continue reading Here’s How to claim HRA exemption at the time of Filing ITR
Once a taxpayer files his Income Tax Return the next thing they need to do is, verify their Income Tax Return. The taxpayer can either E-verify Income Tax Return or manually verify Income Tax Return by sending the copy of ITR-V to CPC Bangalore, but a taxpayer must verify their Income Tax Return within 120… Continue reading How to E-verify Income Tax Return?
Embarking on a start-up is exciting and equally challenging at the same time. Start-ups are gradually changing the corporate face of India by not only modifying the conduct of business but also the manner in achieving positive results. Managing a start-up however required countless hours of hard work, rigorous planning and compromises. One of the… Continue reading Facts on Why Every Start-Up Should e-File Income Tax Returns
We ensure correct E-filing of income tax return at All India ITR. File tax return online with efficient tax E-filing solution to avail maximum tax refund.
To simplify tax filing process and to reduce the burden of taxation on the taxpayer, the Central Board of Direct Taxes (CBDT) has made several changes in the tax filing process of the year 2017. The changes which will be applicable from Financial Year 2016-17 are as follows: Change in the Tax Rate The Government… Continue reading The Amendments in Income Tax Filing in 2017 Back
Every year, individual taxpayers are required to file their income tax returns by July 31st. This date is known as the due date of filing of income tax return. The government of India may also extend this due date as they deem fit. For the FY 2016-17, the deadline to file the income tax return… Continue reading What happens if you miss the deadline for filing Income Tax Returns? Back