As per Income tax rules and regulations in India, all Indian citizens have to pay tax to the Indian Government. Individuals, associations, firms, LLPs, all pay income tax in accordance with the Income Tax laws. It is therefore imperative that you file your Income Tax Return (ITR) annually....
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.
ITR or theIncome TaxReturn is a form that should be filed by all those who are eligible. It should, then, be submitted to the Income Tax Department of India. Fundamentally, it is a form that comprises all the information of your income for a particular fiscal year. You can log in to ...
It is also essential to file Form 67 on or before the due date of filing the income tax return u/s 139(1) i.e. the original return of income Foreign tax credit(FTC) has to be claimed in the year in which the taxpayer’s income has to be assessed to tax in India i.e in the...
Complete details about how to download and view Form 26AS through the new income tax filing portal so follows steps: Step 1: Open the government official website: https://www.incometax.gov.in/iec/foportal/ Step 2: Logon to the new ITR E-filing Portal 2.0 Step 3: After that go to ...
You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to make sure that te returns are file on time. Fro...
RSU of MNC, perquisite, tax , Capital gains, ITR, eTrade covers RSU in detail. Is Cryptocurrency banned in India? UAN and Registration of UAN Salary, Net Salary, Gross Salary, Cost to Company All About EPF,EPS,EDLIS, Employee Provident Fund Pay and perks of Indian MP, MLA and Prime...
ITR 4: Applicable to individuals with income from a presumptive business or profession. ITR 5: Meant for partnership firms, LLPs, and AOPs. Now pay 18% GST on residential rental property in india Moreover, If you want any other guidance relating toHow to claim House Rent Allowance Exemption...
Does an internship stipend require you to file an income tax return (ITR)?The Income Tax Act, 1961, considers a stipend as income, which requires you to file an ITR if your stipend amount is within the taxable income range. If you receive a stipend as a scholarship for educational expense...
June 18, 2024CA VineetaIncome Tax News and Articles, Taxes in India 3 Minutes Read An individual needs to be very cautious while filing returns as any incorrect information furnished in returns may get you penalized by the tax authorities or even put you behind bars. The Income Tax ...