financial services · Income Tax · income tax return

CBDT extends the due date for filing of TDS statement in Form 24Q to 30th June 2019

In another major decision, the CBDT (Central Board of Direct Taxes) has extended the due date for TDS filing- Form 24Q i.e. quarterly TDS statement in respect of salaries for the financial year 2018-19 from May 31, 2019 to June 30, 2019. Meanwhile, the Income Tax department has also extended the deadline for employers to… Continue reading CBDT extends the due date for filing of TDS statement in Form 24Q to 30th June 2019

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Technology makes work easy for new age taxpayers

Gone are the days when filing tax returns was a Herculean task. Preparing necessary documents, filing forms, standing in long queues and other paraphernalia are things of the past. So, what exactly has changed in these years in the process of filing income tax returns? Plenty, to say the least. Briefly, technology has brought immense… Continue reading Technology makes work easy for new age taxpayers

financial services · Income Tax

A Guide On How to Fill Income From Other Sources in ITR-1

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

financial services · Income Tax

All You Need To Know About Form 16 & its Components

If you are a salaried employee you must have heard of Form 16. Form 16 is a basic document issued by an employer to the employee which is used for filing ITR every year. Filing one’s ITR without Form 16 is almost impossible for most salaried individuals. Consequently, it is the confirmation statement by the… Continue reading All You Need To Know About Form 16 & its Components

financial services · Income Tax

ITR Filing: Made A Mistake? Here’s How You Can Correct it

When you file income tax return make sure you are disclosing all your personal details with utmost care. These could include the incorrect bank details, claiming the wrong deduction and others. It has been analyzed that many taxpayers file their returns at the last minute of the due date. And at that time, there is… Continue reading ITR Filing: Made A Mistake? Here’s How You Can Correct it

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A Complete Guide For Filing Income Tax Return

As the income tax return filing period is almost near, the taxpayers really need to know the accurate procedure of ITR filing. There are many individuals who have inappropriate knowledge of ITR and apparently, they wait for the last minute to file their return which should be totally avoided. However, the taxation department has announced… Continue reading A Complete Guide For Filing Income Tax Return

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ITR-2 & 3 for FY 2018-19 Available on E-filing Portal

After the income tax department has released the e-filing of income tax return Form 1, 2, and 4 for the assessment year 2019-20, recently the income tax authority has also notified another update about ITR filing. Now, ITR 2 and 3 Form is also available on the Government official portal or website for the financial… Continue reading ITR-2 & 3 for FY 2018-19 Available on E-filing Portal