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Nowadays it is impossible for a common man to purchase a house with his own name and from his own Income due to inflation. So if a person wants a residential house, he can buy the same from easy EMI facilities. EMI facility is beneficial for buying a home with starting limited down payment and rest payment […]
The Income Tax Department allows individuals to claim a refund for depositing extra tax. An individual can claim the same online using the Income Tax Department’s e-filing portal, https://www.incometax.gov.in/iec/foportal Income Tax regulations mandate the Filing of income tax for individuals earning an annual income of Rs.2.5 lakh or more. For Senior citizens (individuals aged between […]
A new chapter viii titled ‘Equalisation levy’ is inserted in the finance bill which will take effect from the 1st of June 2016 to provide for an equalization levy of 6 % of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment (‘PE’) in India, from […]
It is very important to file an income tax return. People are satisfied with the fact that their income tax has been paid by them, and now there is no headache for them in an upcoming way, but that is not the end of the process. To levitate the real benefits of paying your income tax, there […]
National rules have been strictly applied to all the remittances of a foreign nature which is done to a Non-Resident. There are certain slabs and amounts on which there is taxation. The person making a remittance has to deposit a Form 15CA online. In the case of Form 15CB, a certificate is required from a […]
A brief introduction to the fat tax, which is particularly liable for food types that are not suitable for large-scale consumption. The Kerala government has introduced the Fat tax for the first time in the state to slow down junk food consumption. The revenue generated from this tax will be used for the development of […]
Indian tax forms are used to document information in compliance with the Income Tax Act of 1961 and in accordance with the Income Tax Rules (codified in 1962), which govern the process of filing income tax returns in India. Two of such forms are Form 3CA & Form 3CB. Latest Update Filing 3CA and 3CB Form Via Software […]
What is The Income Tax Department ‘e-Nivaran’ Scheme? The Income Tax department to promote the paperless environment launched ‘e-Nivaran’, a special electronic system to fast-track taxpayer grievances and ensure early resolution or redressal of their complaints. A separate and dedicated window for grievance redressal in the Income Tax Business Application (ITBA), from now, this recently […]
Many websites are providing links to free download income tax return filing software for people looking for a free trial. However, after clicking these links, users often receive a software purchase form instead of access to the demo. Here we are going to describe the free income tax e-filing software procedure for FY 2023-24. If […]