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Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then there are certain provisions of penalty under the Income Tax Act, of 1961. The assessing officer may contact the individual through a […]
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 […]
Filling Income Tax returns is our social responsibility. Everyone who is earning a taxable income should contribute some amount by way of taxes for the benefit of the Nation. As per Prime Minister Modi’s “Mann Ki Baat,” it is the responsibility of all assessees to declare Income and deposit tax their own for the benefit of economic growth. […]
India’s biggest tax reform has taken place by the introduction of GST. With the idea of ‘One Nation One Tax,’ the tax is warmly welcomed by the majority.
So after paying your income tax on time and arranging all the things in place still doesn’t make sense, this thing always clings to the taxpayers who are new to the system and now the time is getting thinner day by day as the last day to file your income tax is July 31, 2022, […]
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 […]
The Prime Minister of India, Shri Narendra Modi announced some visionary goals to enhance the Startup ecosystem in the country. Promoting the Startup ideology, the PM brought up the Startup India initiative. The initiative is proposed to fulfil the needs of struggling entrepreneurs and encourage them to work in a more feasible manner. Notedly, the […]
What is the Advance Tax? Advance Tax is a part of your taxes that is to be paid before the end of the financial year. It should be paid in the year in which the income is received. That is why it is also known as the pay-as-you-earn scheme. Submit Query for Advance Income Tax […]
