Mon, Jan 13, 2020
Income Tax: If you are a salaried employee and taxpayer, there are certain deadlines you need to keep in mind to ensure that you don't end up paying a hefty penalty. The Income-Tax department has already released a list of important dates which taxpayers should know for 2020.
More >
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
Mon, Oct 28, 2019
According to the CBDT, there was a demand by taxpayers across the country that the last date of ITR and tax audit report should be extended from 30 September to 31 October.
Thu, Jul 20, 2017
Once the income tax returns have been processed by the tax department, the taxpayer can make changes by filing a rectification request under Section 154(1).
Wed, Jul 19, 2017
As per the Section 194J of Income Tax Act, employers need to deduct tax deduct at source (TDS) from payments made to professionals.
Tue, Jul 18, 2017
Mon, Jul 17, 2017
Legally, the government allows for certain tax-saving deductions that you can use to lower your taxable income. You can effectively use these deductions to pay less tax.
Fri, Jul 14, 2017
Finance Arun Jaitley had introduced a late filing fee under new provision of Section 234F under Income Tax Act. As per the rule, taxpayer will have to pay penalty of up to Rs 10,000 for late filing of ITR.
Tue, Jul 11, 2017
Sometimes, while filing the return, you may end-up paying more tax to the government than your actual tax liability. In such cases, you are eligible for a tax refund.
Mon, Jul 10, 2017
Form no 16 is issued once in a year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.
Fri, Jul 07, 2017
If you purchase a property of more than Rs 50 lakh value, you need to deduct TDS at 1% from the payment you have made.
Wed, Jul 05, 2017
A self-employed person needs to understand the tax treatment. From a tax perspective, self-employed individual's income is Profit & Gains of Business & Profession.
Mon, Jul 03, 2017
Even if you have left your job, your employer will provide you a Form 16. Unfortunately, this income tax form 16, cannot be downloaded from anywhere.
Tue, Jun 27, 2017
Taxable income is the total of all incomes excluding all exemptions and deductions.
Fri, Jun 23, 2017
ITR filing process is considered as little complex, and if you are a non-resident Indian (NRI) the process will be different all together.
Tue, May 30, 2017
With just few months in hand, you might have started the process of filing income tax returns for FY16-17. If not then you should start and not wait for the last moment.
Fri, May 26, 2017
Income Tax Return filing deadline is still months away, but why to wait for the end moment? As per the income tax regulations, the due date of filing income tax return for FY16-17 is July 31, 2017 for individuals, and September 30, 2017 for businesses.
Wed, May 24, 2017
As per the income tax regulations, the due date of filing income tax return for FY16-17 is July 31, 2017 for individuals, and September 30, 2017 for businesses.
Mon, May 22, 2017
Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on.
Thu, May 11, 2017
On March 21, the government had made the Aadhaar card mandatory to file for income tax returns and also to apply for a permanent account number (PAN).
Wed, Apr 26, 2017
While for individuals, filing income tax due date is not much far with just three months in hand. But, for business there is still some time.
Mon, Apr 17, 2017
The rules state that from this year, a taxpayer must provide their Aadhaar number while filing ITR or else their PAN card will be invalidated for life.
Sat, Apr 01, 2017
Advancement of the Budget will give government departments more leeway to spend as well as allow companies time to adapt to business and taxation plans.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
