Filing an ITR is not just a legal requirement but also provides detailed information on your income and taxes paid during the financial year. Failure to file by the due date attracts a late fee of ₹ 500 per month, up to a maximum of ₹ 1,000....
Should your interest income surpass the exemption threshold, TDS will be subtracted at the going rate, which is at 10%. If, however, your total taxable income is less than the designated thresholds, you can avoid TDS by filing Form 15G or 15H. How to apply for a waiver on your TDS o...
A senior tax consultant CA Kirti Joshi addressed filing GST returns presents the final opportunity to rectify any errors caused during the annual return for the year 2022-23. It is crucial to consider the income tax return while submitting GST returns, as both departments are now exchanging ...
Complete the compliance loop by filing your Income Tax Return (ITR) with the Income Tax Department, meticulously detailing your income, deductions, and tax payments. The Art of Calculation: A Real-Life Example Consider Mr. Toni, a non-government employee with a monthly salary of Rs. 25,000,...
department, the New Delhi ITAT, on Tuesday, reversed the decision, directing the assessing officer to allow claimed deduction on the grounds thatfiling of audit report with Form 10CCBbefore the due date for filing of income tax return u/s 139(1) of the IT Act, 1961 is optional an...
For Aadhar Card Holders, Filing I-T Return Is Now a Cakewalk: Making It Simpler | New ITR Forms to Link to Aadhar Card and Do Away with the Physical ITR-5 L in ITR-2, Taxpayers Required to Give Details of Foreign TravelChoudhary, Shrimi...