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3 mins read
Wondering which ITR form is right for you? Know all about it here
It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …
3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS…
2 mins read
Received a tax mismatch notice from the IT department? Here is how to set it right
An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …
2 mins read
One in four taxpaying citizen yet to file IT returns with 3 days to deadline
Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for…
4 mins read
ITR filing deadline is today – If you miss it, there are more consequences than just a penalty
The Income Tax Act provides provisions for offsetting and carrying forward losses. Offsetting invol…
6 mins read
Are you moonlighting? Here is what to know when filing your taxes
Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…
6 mins read
Have income from foreign source? Keep this in mind while filing taxes
The Income-tax Act, 1961 does not provide a specific definition for the term 'foreign income.' Gene…
3 mins read
IT department releases ITR 1 and ITR 4 offline forms ahead of time
The Indian Income Tax Department has released offline utilities for ITR Forms 1 and 4 that can be u…
4 mins read
Looking to file taxes on your own? Here is what you need to keep in mind
It is that time of the year again – when we have to file our taxes. While we can take the services …
3 mins read
Your comprehensive document checklist for income tax return filing
The income tax return filing, or ITR filing, season will be here soon and with that has begun the s…
6 mins read
Missed filing your tax returns? Here’s what you pay in late fee & penalties
Throughout the month of July 2022, the Income Tax Department has been sending reminders urging t…
5 mins read
How to file income tax return online for salaried employees 2022-2023
If you are new to filing income tax returns online, you must know that it is a very easy process. …
5 mins read
How to calculate income tax on stock market earnings
Incomes of all kinds are taxable. While a few financially sound people understand the tax calculati…
4 mins read
Tax saving countdown – With 2 months to go, options to consider under 80C
Now that we have stepped into the new year, there are just three months left before the current fin…
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
3 mins read
Tax implications on income of a minor – What every parent should know
Income earned by a minor child from activities involving their skills, talent, or specialised knowl…
3 mins read
What is an updated return, who can file it and are there any penalties to pay?
It is worth noting that you can file an updated return even if you did not file the original ret…
1 min read
Due date for filing income tax returns extended to March 15, 2022 for individuals whose accounts are to be audited
On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing …
3 mins read
Have foreign assets or income? Not disclosing it may lead to heavy penalties
Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…
2 mins read
Date for filing income tax returns extended to March 15, 2022
For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…