
The last date to file Income Tax Return is July 31, and but taxpayers should not wait until the last…
Taxpayers required to file their income tax return should take into consideration the following.
Ideally, your Form 16 details should match with that of ITR form because the Income Tax Department uses only the…
For a taxpayer, it is important to rectify any discrepancies between Form 16 and 26AS to ensure correct reporting of…
Individual taxpayers who are not required to audit their financials, need to take note of these documents that they may…
Besides keeping ready all the necessary documents, including Form 16 and bank statements, to file their tax returns, taxpayers are…
Form 16 and Form 16A are certificates provided under Section 203 of the Income Tax Act, 1961, to employees whose…
Taxpayers are usually careful and exercise due diligence while filing ITRs, but in a rush to file returns before the…
Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at…
With some useful tips, taxpayers can ensure that their returns are filed accurately and they can also avoid potential queries…
By proactively organizing and readying necessary documents, taxpayers can streamline the ITR filing process and ensure compliance with tax regulations.
The HRA amount is shown in the salary slip of an employee and also the tax projection statement given by…
Taxpayers are required to ensure that the details reported in ITR are in line with the information in AIS.
Any gains accrued from subsequent transactions involving the transfer of VDAs are subject to tax under Section 115BBH.
ITR-1, also known as Sahaj Form, is for resident individuals meeting specific income criteria. Those eligible to file under this…
To file your income tax return, you’ll need several important documents like Form 16, bank certificates, capital gains certificates and…
In the Union Budget 2023, the union government made some key changes to the rules pertaining to switching income tax…
As there are 6 ITR forms notified by the tax department, taxpayers often wonder which one they need to choose.…