Tue, Dec 26, 2023
The income tax department stated that such communication is only to facilitate the taxpayers and create awareness around the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year.
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Sun, Dec 03, 2023
Taxpayers rejoice! The Income Tax Department has introduced a revolutionary new feature – the 'Discard' option. In this video, we’ll delve into the details of this game-changer, explaining its benefits, eligibility criteria, and the simple process of discarding your income tax return. So, whether you're a seasoned taxpayer or a first-timer, this video will equip you with the knowledge to make the most of this convenient option.
Tue, Nov 07, 2023
Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.
Tue, May 14, 2019
Section NRI Taxation under the Indian Income Tax Act, 1961, applies to individuals earning outside India. The income tax rules and perks to them are different from those applicable to Indian residents.
Mon, May 06, 2019
ITR form 2 is meant for those taxpayers who are individuals and Hindu Undivided Family (HUF) not carrying business or profession under any proprietorship.
Wed, May 01, 2019
Different forms of tax returns are prescribed for taxpayers depending on Status and Nature of income.
There are various ITR forms available such as ITR1, ITR2, ITR3, ITR4, ITR5, ITR6 and ITR7 that must be duly filled depending on income category of a taxpayer.
Sun, Apr 28, 2019
In case your annual income is less than this limit, you can still avail several benefits by filing the income tax return (ITR). Job holders and small businessmen need to file ITR, even when their annual income is less than Rs 2.5 lakh, to avail a bank loan.
Fri, Apr 26, 2019
Demand notices arrive at the end of Income Tax Return (ITR) filing, where you have communicated your income and income from other sources to Income Tax Department in ITR forms, followed by a final procedure for verification.
Wed, Apr 24, 2019
A CTC of an employee is derived with a host of factor such as gross salary, provident fund, tax slabs, compensations and allowances among others.
Tue, Apr 23, 2019
ITR has a prescribed set of forms which contains details of income earned by a person in a financial year and taxes paid on such income.
Fri, Apr 19, 2019
The ITR 1 form which is also referred to as ITR-1 Sahaj, must be filed by individuals whose incomes are arising from salary, pension, one house property and other sources.
Wed, Apr 17, 2019
One can reduce their taxes by furnishing these forms in their ITR filing. Also TDS can be claimed from the Income Tax department.
Senior citizens and super senior citizens who are granted a higher exemption limit compared to the normal taxpayers.
Sun, Apr 14, 2019
Income Tax Department has introduced some changes to the seven categories of ITR forms. ITR Form-1 is also included in this change. Earlier, the employees only used to show their salary break-up in ITR but now he/she will have to provide details of total income in different parts.
Fri, Apr 12, 2019
In a latest alert, the Income Tax department said, “The Income Tax department never asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through email.”
Income Tax Return filing online 2019-20: The new financial year has just started and soon you will be required to file your income tax return.
Tue, Apr 09, 2019
The Income Tax Department states that the other ITR forms will be released shortly on its website
Sun, Apr 07, 2019
As per the data available with CBDT, 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25 pre cent.
Sat, Apr 06, 2019
Income Tax Return Form 2019-20: The Income Tax department has notified new I-T return forms for individuals and companies for the assessment year 2019-20.
Fri, Apr 05, 2019
New income tax return forms for AY 2019-20 have been notified. The return forms ask for more information from the tax payers as compared to previous year. Watch this video to know more.
Mon, Apr 01, 2019
Between September 01, 2018 to December 2018 end, the late filing fees were Rs 5,000 to those whose annual income was above Rs 5 lakh. If missed this chance as well, then Rs 10,000 late filing fees were levied for filing ITR between January 01, 2019 to March 31, 2019.
Sun, Mar 31, 2019
As we head towards the new financial year, there are some of the things you should do before 31st April. Watch this video to know.
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