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

What is ITR Filing and what are recent changes in it?

ITR Filing Income Tax Return can be a tedious task for the taxpayers in India, it is that time of the year when many taxpayers are gearing up to file Income Tax Return, here are a couple of things that every taxpayer should keep in mind before they start Income Tax E-filing For the Financial… Continue reading What is ITR Filing and what are recent changes in it?

financial services · Income Tax

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 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.

Income Tax

Link PAN with Bank Account to get Refund

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