Due dates in the month of June & July
15th June: Assuming if your income tax liability will be 10000 and more than pay first instalment due date is 15th June
If you miss ...
Income Tax
Understanding AIS and TIS for Smoother Tax Filing 🇮🇳
Filing income tax returns can get confusing, but the Income Tax portal offers two key tools to simplify the process: Annual Information...
Understanding Form 10IEA Applicability
What is Form 10IEA?
Form 10IEA is a declaration form used under the Indian Income Tax Act to switch between the old and new tax regi...
How to Compute Income tax liability while filing tax Return ?
1. Income from Salaries
Income from salary
xxxx
Add: Taxable allowances
xxxx
Add: Taxable perquisites
xxxx
...
Whether My Every Income will be taxable under Income tax Act ?
For getting the better understanding about the Applicability of Income tax first we need to understand the Basics of Income:
Income In...
Have you Sold your Residential Property, Wants to know various things to save the Tax ?
As a residential property is the prime asset of most individuals living in India, taxes paid on its capital gains can be heavy and disc...
Are you Filing the Correct ITR
Let’s understand the various Types of ITR :
ITR-1 (SAHAJ):
This form is most likely the one you would be filing your tax retur...
No Income tax payment required if your income is 10 Lakh Rupees P.a.
Section 80C: This is perhaps the most well-known píovision. It allows deductions foí investments such as:
Equity Linked Saving Schem...
Whether ITC can be claimed for non existent Supplier ?
Let’s understand the same through analysis of Landmarking Judgement.
LGW INDUSTRIES LTD. vs. UNION OF INDIA (CALCUTTA HIGH COURT)
...
How to Manage Your Money
Amidst all the talk about tomorrow, let's not forget the joys of today. When it comes to managing money, there's no fixed rulebook. But...
