Fri, Aug 18, 2023
After the Income Tax Filing deadline ends, the I-T department scrutinizes the I-T returns to ensure compliance with tax laws and to track mistakes or instances of tax evasion in the ITRs. In case of any discrepancy, the tax department sends notices to taxpayers who then have to respond promptly to avoid penalty or legal action. In this video we discuss the meaning of common Income Tax notices and how taxpayers should respond to them.
Mon, Jul 31, 2023
Tax will have to be saved by wrong means, income tax return of employed people will be scrutinized, know full details in this video
Fri, Jul 28, 2023
Income Tax Return Filing Deadline: Beyond the conventional tax saving measures that salaried taxpayers use to the hilt, like the regular 80C and 80D, here are three other powerful tax-saving clauses that could yield sufficient tax savings.
Wed, Jul 19, 2023
Income Tax Returns Filling: Over 3 crore ITRs for income earned in 2022-23 fiscal have been filed so far, out of which 91 per cent have been verified electronically, the income tax department said.
Fri, Jul 07, 2023
Income Tax Return Filing: All those who have sold or transferred an asset and reinvested the proceeds in a new residential property can avail tax benefits under Section 54F.
Tue, Jul 04, 2023
Form 26AS is a consolidated tax statement which can be accessed from the Income Tax department's e-filing website.
Tue, Jun 27, 2023
No income tax on wedding gifts: It is important to note that there are certain conditions that need to be met in order for the gifts to be exempt from tax.
Thu, Jun 01, 2023
From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June, which is the last month of the Q1FY24, will see a number of changes that would affect the common man. Here’s a quick look at the rules, deadlines, and things to note.
Tue, May 23, 2023
The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal.
Tue, Aug 16, 2022
E-verification is necessary after filing the return. If ITR is not verified, then the agreement will be invalid. The government has tightened the rules of e-verification (ITR e-verification). After August 1, there will be a penalty for filing the return. 30 days will be given to e-verify the return. Late fee up to Rs 5000 may have to be paid if the return is not filed. Report the mismatch in Form 16 and AIS to your office. Fill the ITR as per the salary slip. Ask your office to provide correct income in AIS: Sunil Garg, Tax Expert and Kapil Mittal.
Sat, Jul 30, 2022
Income tax return filing deadline for the Financial Year 2021-22 and Assessment Year 2022-23 is July 31, 2022.
Mon, May 31, 2021
People will be witnessing changes in several rules which will come into effect from June 1. These changes will not only affect your daily life but also your pocket. The changes which are going to impact you include hike in domestic air ticket prices, LPG cylinder rates, the way one avail's banking services, etc.
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
Thu, Oct 10, 2019
Income tax refund fraud: Today's world is becoming high-tech and advanced with the growing use of technology. It has also enabled fraudsters to adopt new and modern age tricks to cheat people. People have become victims of fraud e-mails and messages over ITR refunds.
Wed, Oct 09, 2019
Fraudsters may fool you with fake link and ask for your information. Beware of fraudsters
Sun, Jul 21, 2019
The tax benefits are given in the form of standard deductions and various investments.
Fri, Jul 05, 2019
If you are a taxpayer, then you must know these three new proposed rules in regards to Aadhaar card and PAN card as laid out by FM Sitharaman.
Wed, Jun 19, 2019
Tue, May 28, 2019
Form ITR5 is for taxpayers other than individuals, Hindu Undivided Family, companies and persons filing Form ITR-7.
Tue, Apr 30, 2019
Time to buckle up as the last day to file your income tax returns for 2018-19 is not so far away. The taxpayers need to file their taxes latest by July 31, 2019.
Fri, Apr 26, 2019
A self-occupied property is referred as a property which is currently occupied by a taxpayer throughout the year for his residence.
Mon, Feb 25, 2019
An individual must pay taxes on their income arising from salary and income from other sources to the Income Tax Department.
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