Income Tax Return e-Filing – Complete Guide with Steps – FY 2020-21

Income Tax Return (ITR) is a statement whereby the taxpayer discloses/reports the annual income, annual

How to Calculate Capital Gains?

Capital Gain Definition: Capital gains are the    profits accrued through the sale of capital

APPLICABILITY OF INCOME TAX AUDIT FOR FY 2020-21

The term “Audit” means ‘to check ’or ‘to review’ or ‘to inspect’. The different laws

Your Income Tax Refund for A.Y. 2021-22 may be delayed. Here’s why

The Covid-19 has adversely affected the whole Indian Economy and almost all businesses and individuals

ITR 6 is now available for AY 2021-22: All you need to know

In India, every person whose income exceeds the threshold limit is legally bound to file

ITR 5 – Meaning, How to file it and Who should file it

The Income Tax Department has rolled out total 7 Income Tax Return Forms to be

ITR-4 – Know who can opt for Presumptive Taxation Scheme?

ITR-4 Form is especially for those Individuals, HUFs and Firms (excluding LLPs) earning income from

Are you eligible to file ITR 3? Here’s how you can file ITR 3 Form online.

There are total 7 Income Tax Return Forms under the Income Tax Law and each

Which ITR form should I use for returning my taxes on lottery winnings/online gambling winnings in India?

The Income Tax Department has notified 7 ITR forms and each form is required to

Income Tax Return Filing for Salaried Employees: Here’s all what Salaried Individuals should know

As per Section 139(1) of the Income Tax Act, 1961, every person whose income exceeds

Brief about Scrutiny Assessment Under Section 143(3) of the IT Act

The Government of India introduced the concept of Scrutiny assessment under Section 143(3) of the

How Income From Taking Private Tuition Classes May Be Shown in Income Tax Returns?

  With the advancement of education and technology, the conventional study habits of children are

TDS on Purchase of Goods | Section 194Q w.e.f. 1 July 2021

The Government of India(GOI) through The Finance Act, 2021 rolled out the new Section 194Q

Haven’t filed income tax return? You may face higher TDS on interest, other incomes

In order to ensure filing of ITR without fail, the Ministry of Finance introduced a

Step-By-Step Guide To Use New Income Tax Portal 2.0

As we all are aware of the fact that the Income Tax Department rolled out

How to Avail Tax Deductions under Section 80C?

In order to encourage saving and investments habits amongst everyone, the Income Tax Act provides