There are millions of people who file income tax return in India at the end of each financial year. Also, it is mandatory to file returns for individuals/HUFs/companies whose income exceeds the basic exemption limit set by the Income Tax Authority. In the mid of ITR period, the tax department has integrated certain changes in… Continue reading A Guide On How to Fill Income From Other Sources in ITR-1
A taxpayer is required to file the Income Tax Return is supposed to file the Income Tax Return for the income earned in the previous year. The due date of filing the return for Individuals and HUF’s (who are not liable to tax audit) w 31st August 2018, for the Financial Year 2017-18. The government… Continue reading ITR Filing Last Date for F.Y. 2017-18
There are several benefits of ITR filing for those who have tax liability, but you must be wondering why an individual should file Income Tax Return when their income is below the exempt limit? Here are the reasons why: – Claiming Tax Refund There are chances that, the TDS has been deducted on some investment… Continue reading What are the benefits of ITR Filing?
After the taxpayer has completed his ITR Filing and has successfully verified the same, the next thing they are required to do is constantly keep a tab on their Income Tax Refund Status, if they are eligible for any. Now, you must be thinking, how you check Income Tax Refund Status? Well, you can check… Continue reading How to check Income Tax Refund Status online?
E-Filing of Income Tax Return is an important task for the citizens of India. Here are some of the detailed information about the efiling Income Tax Return and who is required to file it. Generally, there are two ways by which a taxpayer can file Income Tax Return, they can either file the Income Tax… Continue reading E-filing of Income Tax Return
Recently, the Ministry of Corporate Affairs or MCA introduced the Companies (Incorporation) Amendment Rules, 2019 with is effective since 25th February 2019. The MCA has introduced e-Form Active, which is applicable for every company that is incorporated in or before 31st December 2017. Here are the companies that are exempted from filing e-Form Active: –… Continue reading Know what is e-form Active and who is required to file it, we will also tell you about the Form INC-22A.
Recently, the Income Tax Department asked the taxpayers to link their PAN Card with their Bank Account in order to get timely income tax refund directly, swiftly and securely. Moreover, the I-T Department added that the bank account could be either savings, current, cash or overdraft. It is important for the taxpayers to understand that… Continue reading Link PAN with Bank Account to get Refund
E-Filing Income Tax Return is a sign of a responsible citizen of this country, the Government of India has made it mandatory for a taxpayer to Income Tax Return within the stipulated time, if they have taxable Income. The people who do not have taxable income can also file voluntary Income Tax Return, as it… Continue reading Know how to file Income Tax Return online
Form 27C is a document that aids the taxpayer in getting tax exemption from the tax deducted at source/ tax collected at source. This form can be used by buyers as well as sellers for the sale and purchase of all the Goods mentioned in the Income Tax Act. Who can use Form 27C? Form… Continue reading What is Form 27C and who can use it
Filing Income Tax Return is important for every taxpayer, it is the sign of a responsible citizen. What is Income Tax Return? Income Tax Return is form that is filed by a taxpayer, who earns a taxable income. It is one of the biggest proofs of a taxpayer’s Income in India. There are various tax… Continue reading File Income Tax Return Online