Why Are Taxpayers Receiving Notices? Tax authorities have recently issued notices to several taxpayers who claimed House Rent Allowance (HRA)…
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Advance Tax Alert for Job Changers Salaried Employee: Avoid Extra Tax & Interest While Filing ITR
Advance Tax Alert for Job Changers: Avoid Extra Tax & Interest While Filing ITR Changing jobs during the financial year?…
Read MoreSenior Citizens No Longer Required to File Income Tax Returns? Key Changes in Income Tax Rules for FY 2025-26
The Indian government has introduced significant changes to income tax rules for senior citizens in the financial year 2025-26. These…
Read MoreIncome Tax Calculator for FY 2025-26 Excel
Individuals have the option to file taxes under either the old or new tax regime with each offering different regulations…
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Received ‘TDS…’ message from I-T department? What it means
Total of PAN APVXXXXX8R for Qtr ending Dec 31 is Rs 19,306 and cumulative TDS for FY 24-25 is Rs…
Read MoreAdvance Tax Payment: Due Dates, Calculation Methods, and Online Payment
Advance Tax Download advance tax working excel sheet What is Advance Tax? Advance tax is the income tax that is…
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Income Tax Calculator (old vs new)
1. Calculator prepared considering common exemptions and deductions. 2. This calculator is useful for Salaried and Other Sources of income…
Read MoreIf I missed to file return before 31st july can I chose old regime later?
Things to be remembered for Tax Regime from AY 2024-25 onwards
Things to be remembered for Tax Regime from AY 2024-25 onwards ◾ Default Tax Regime is New Tax Regime u/s…
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Avoid making this mistake: Learn how the Income Tax department catches fake rent receipts.
Income Tax Department has implemented special arrangements using Artificial Intelligence to detect fake rent receipts. The integration of AIS form…
Read MoreHow to download ITR acknowledgement copy online in income tax e filing portal
Step 1: Go to the income tax India website at www.incometax.gov.in and log in. Step 2: Select the ‘e-File’>’Income Tax…
Read Moreyou want copies of your old ITRs without asking the CA each time.
If you have filed your Income Tax Returns (ITR) through a Chartered Accountant (CA) and you want copies of your…
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Validate bank account on income tax site.
How to Pre Validate bank account, add bank account in income tax e filing portal in AY 2024-25. update your…
Read MoreAuto Login on Income Tax Website
Download free EXCEL Template Automatic Login from Excel to Income Tax Website
Read MoreIncome Tax Tools
VERIFY INCOME TAX RETURN Open Website ITR PREPARATION SOFTWARE Open Website DSC MANAGEMENT UTILITY Open Website INCOME TAX CALCULATOR Open…
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How to Surrender PAN Card of a Deceased Person.
There is no provision for cancellation of PAN cards online. A PAN card has to be surrendered through the legal…
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Income Tax Calculator – FY 2023-2024 (AY 2024-2025)
1. Calculator prepared considering common exemptions and deductions. 2. This calculator is useful for Salaried and Other Sources of income…
Read MoreHRA U/S 10(13A)
HRA (House Rent Allowance) Section 10(13A). What Is House Rent Allowance? House Rent Allowance (HRA) is an allowance paid by…
Read MoreAre you planning to sell a property In India? Apply for Lower/No TDS Certificate U/s 197 in advance to avoid 22.88% Deduction
Comprehensive Online Application for Lower or NIL TDS Services Our Service will include – Computation of Lower TDS rate or…
Read MoreUpdated Return (ITR-U) u/s 139(8A) Income Tax Act
Budget 2022 has introduced the new section 139(8A) in Income Tax Act, 1961. Refer budget update @ Introduction of new…
Read MorePresumptive Income – Updated! [Section 44AD, 44ADA]
Question : Whether an individual/HUF can declare income under presumptive taxation under section 44ADA and 44AD both, together while filing…
Read MoreCBDT enabled E-Pay Tax service through UPI, Credit Card, RTGS and NEFT on Income Tax e-filing Portal:
Now the modes of E-Payment include:•Authorized Bank Debit Card, or•Authorized Bank Net Banking facility, or•Payment Gateway (Debit Card / Credit…
Read MoreKeep deduction proofs ready or get ready to pay 200% penalty
Taxpayers are getting intimations generated automatically online from the Income Tax Department, if additional deductions are claimed in Income Tax…
Read MoreIncome Tax Slabs – New & Old Tax Rates FY 2022-23 (AY 2023-24)
Income Tax Slab New Regime Income Tax Slab Rates FY 2021-22(Applicable for All Individuals & HUF) Rs 0.0 – Rs…
Read MoreITR verification AY 2022-23: Income Tax Return would become invalid if you don’t do this soon…
ITR verification is important to complete the return filing process. If the ITR is not verified within the stipulated time…
Read MoreReduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronicall
The Central Board of Direct Taxes (CBDT) vide Circular No. 3/2009 dated 21 05-2009 notified the new Income Tax Return…
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Income Tax Return for FY 2019-20 & 2020-21
E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22 using Excel utility for ITR…
Read MoreChecklist Documents Required for filing ITR
file Income Tax Returns in India, there is a list of preparations you need to make so that you can…
Read MoreITR Filing Due Date FY 2021-22 (AY 2022-23)
Category of Taxpayer Due Date for Tax Filing- FY 2021-22 *(unless extended) Individual / HUF/ AOP/ BOI(books of accounts not…
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Faceless Assessment procedure & Handle Faceless Scrutiny….
If you desire to understand the faceless scrutiny meaning, I can use just one phrase ” examination of a tax…
Read MoreNEW ITR FORM U
Who Should File ITR-U (Income Tax Updated Return) Form? Any taxpayer can file an updated return whether he has submitted…
Read MoreMajor Changes in ITR Filing Rules
Did you know that individuals must now submit income tax returns if their total income is equal to or less…
Read MoreHow to Verify PAN Number
Following are Steps to Verify PAN details Step 1. visit ‘e-Filing’ Portal by clicking below link :- https://www.incometax.gov.in/iec/foportal/ Step 2.…
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Income Tax – PAN – Aadhar Link
PAN will become inoperative if it is not linked with Aadhaar But as per section 234H of The Income Tax…
Read MoreFinancial Deadlines for March 2022
KYC Updating in your Bank Accounts The government has made the Know Your Customer (KYC) process mandatory. The initial deadline…
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Missed filing your Income Tax Return before 31st December 2021? What now?
If you missed filing your Income Tax Return for F.Y. 2020-21 within the due date, which was 31st December 2021,…
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You have submitted your proof of investment to your employer
You have submitted proofs of the investment for the FY21-22? To avoid higher taxes and to obtain tax rebates, we…
Read MoreHow to e-verify income tax return through net banking
You can E-Verify your Income Tax Return in just 6 Easy Steps through the Net Banking portal of SBI –…
Read MoreWhat mistakes can we correct with a revised return?
Wrong bank Account Number & IFSC code Incorrect personal information Selecting wrong Income Tax Return Form Missed income Missed deductions…
Read MoreHow to file a revised return?
As you all know that Income Tax Return filing deadline has ended on 31st December 2021 for the Financial Year…
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