Step 3: Submit the original challan counterfoil along with the correction application. Keep an application copy with you as well. In the case of challan numbers starting from 280,282 and 283, a copy of the PAN card will be needed too. For more than one correction in the income tax retu...
#2. Avoid Tax Notice of non-filing of ITRRemember, Uncle Sam is having an eye on your ITR status! In case you fail to duly file your Income Tax Return, you may get a tax notice from the Income Tax department, which would land you up in trouble. Better you timely fulfil the ITR ...
Forget that paper tax return! Electronic filing (e-filing), online tax preparation and online payment of taxes are getting more popular every year. If you've wondered about e-filing, here are the answers to frequently asked questions, including why e-fil
You may not be looking forward to tax season 2025, but filing your taxes doesn't have to be difficult. Here's everything you need to know to get started! Ramsey Solutions Taxes What Are Quarterly Taxes? 7 min read Whether you’re totally self-employed or have a lucrative side hustle, ...
provided on the form. The photographs should not be stapled or clipped to the form. The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form. (d) Signature / Left hand thumb impression should be provided across the photo affixed on the lef...
is the first date new investors are not entitled to receive the stock’s next dividend. If the dividends meet this requirement, you would only need to pay the passiveincome tax rateon them, lowering the amount you would need to pay to Uncle Sam each year on your income-generating assets....
How to respond to Income Tax Assessment Notice? Getting a notice from the income tax department can leave you in panic mode. Assure the below before taking any further steps:- # Is it really your name on the income tax assessment Notice? # Is your Pan Number mentioned correctly? # Which...
Hello, I'm Scott from TurboTax with some information about how you should treat your cash back rewards for tax purposes. You're probably familiar with all the different credit card companies offering cash back rewards or even those mail-in rebate offers you receive on certain goods. But ...
And now, finally, my post on the optimal tax regime. It will be nice to finally get this off my chest, as you can’t imagine how enraged I get reading progressives talk about the “principle” that all forms of income should be taxed equally (which is l
If you’re selling on Etsy, be sure to set aside earnings to cover incometaxand self-employment tax. Etsy tracks your Etsy Payments sales for you. After the end of the year, Etsy sends outForm 1099-K,Payment Card and Third Party Network Transactions, to both you and the IRS. Form 1099...