ITR-U: A Complete Guide on Filing Updated ITR
Time Limit to File ITR-U The deadline for filing ITR-U is up to 48 months from the end of the relevant assessment year. For example, the due date for AY…
Updated Return u/s 139(8A) – A Complete Overview of the New Return System
This article explains the concept of Updated Return under Section 139(8A), introduced through the Finance Bill, 2022. It highlights that taxpayers are now allowed to file an updated return within…
Section 139(8A) of the Income Tax Act: Updated Return Explained
Filing your Income Tax Return (ITR) accurately and on time is important. However, taxpayers sometimes miss deadlines or realize mistakes after filing. To address such situations, the government introduced Section…
Annual Compliance of LLP
Annual Compliance of LLP A Limited Liability Partnership (LLP) is a separate legal entity registered with the Ministry of Corporate Affairs (MCA). Therefore, designated partners are responsible for maintaining proper…
Process and Provisions for Incorporation of a Subsidiary Company in India
Process and Provisions for Incorporation of a Subsidiary Company in India Dated: April 25, 2024Editorial No.: 915 Incorporating a subsidiary company in India is one of the most practical routes…
5 Steps to Respond to an Income Tax Notice Online
5 Steps to Respond to an Income Tax Notice Online Received a tax notice and unsure how to proceed? This guide explains the process in simple terms so you can…
How to File ITR-1 Online for AY 2026-27: A Step-by-Step Guide
How to File ITR-1 Online for AY 2026-27: A Step-by-Step Guide Income Tax Return-1 (ITR-1), commonly known as Sahaj (meaning “easy” in Hindi), is the simplest income tax return form…
Private Trusts in India – Meaning | Types | Registration
1. Introduction A trust, in simple terms, refers to the transfer of property by one person to another, who manages it for the benefit of a third party. This concept…
How to File Income Tax Returns (ITR) Online
How to File Income Tax Returns (ITR) Online? Filing your Income Tax Return (ITR) is a simple process when done step by step. It involves submitting a form where you…
Private Trust in India: A Step-by-Step Legal Guide for Asset Protection and Estate Planning
Establishing a private trust is a practical and legally sound way to protect assets, manage wealth, and ensure smooth succession planning for future generations. Whether the objective is to preserve…
Advance Tax Payment: Due Dates, Applicability, and Overview
Advance Tax Payment: Due Dates, Applicability, and Overview Under the advance tax system, taxpayers pay their income tax in installments during the financial year instead of making a lump sum…
How to Make Advance Tax Payments Online
How to Make Advance Tax Payments Online In India, over 6.77 crore income tax returns were filed for A.Y. 2023–24, reflecting the growing number of taxpayers complying with tax regulations.…
Simple Guide to Family Trust and Private Trust Registration in India
Family trusts in India are useful for managing and protecting family wealth. They help in planning for the future, transferring assets to the next generation, and improving tax planning. Many…
What is Advance Tax?
What is Advance Tax? Advance tax is the amount of income tax paid in advance during the financial year, instead of making a single lump-sum payment at the end of…