If you find yourself in this situation, don’t panic. While penalties and fees are associated with filing your ITR after the due date, it’s still better to file late than not at all. In this blog post, we’ll go through the step-by-step process of filing income tax returns after t...
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
When the reporting of individual tax returns is done by post, an expedition service, or courier service, the taxpayer submits the annual income tax return form in a sealed envelope that has been attached to the income tax return information sheet. The proof and date of the letter shall be ...
Know how to file Income Tax Returns for business. Our experts will help you to file income tax return for small business in india
As the deadline to file your income tax returns draws closer, taxpayers are in the middle of a frantic search to get all the documents in time. For any salaried person, Form 16 is a basic document that is required to file ITR each year. However there are times when you don't have ...
sections 44AD, 44AE, or 44ADA, it is presumed to have been calculated after accounting for all allowances, depreciation, losses, or deductions as per the Income-tax Act. However, individuals incurring losses after applying the proviso to sub-section 3 of Section 44AE are required to file ...
How to Revise Income Tax Return? How should the revised returns be filed – Online or Physical? To file revised returns, one can use both the online and physical methods. However, you can revise returns online only if you have filed the original returns online and have the 15-digit acknowl...
How to claim Income Tax Refund in India? Refund can be claimed during income tax filing and you need tofile income taxby the due date to claim any refund. The deadline for filing income tax is 31st July of every year. Calculate your tax liability with applying all the deduction and comp...
As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit
Tips on How to save Income Tax in India