7 Must-Know Tips for Hassle-Free Income Tax Return Filing
7 Must-Know Tips for Hassle-Free Income Tax Return FilingAs the July 31 deadline for filing your Income Tax Return (ITR) draws near, the pressure to meet the due date can…
Filing ITR for the First Time? 10 Tips for a Smooth Income Tax Return Process
Filing ITR for the First Time? 10 Tips for a Smooth Income Tax Return Process Filing your Income Tax Return (ITR) for the first time can seem daunting, especially if…
What Happens If There Are Discrepancies in Your ITR
What Happens If There Are Discrepancies in Your ITR? If any mismatch or irregularity is detected in your Income Tax Return, the Income Tax Department may issue notices under relevant…
Summary of Penalties Under the Income Tax Act
Overview of Penalties Under the Income Tax Act Timely filing of returns and regular tax payments are essential for supporting government-funded public services. To encourage compliance, the Income Tax Act…
Filing Income Tax Returns – Mistakes You Should Avoid
Filing Income Tax Returns – Mistakes You Should Avoid The deadline for individual taxpayers to file their income tax returns is 31st July of the assessment year. Delaying the process…
Section 144B of the Income Tax Act: Faceless Assessment
Section 144B of the Income Tax Act: Faceless Assessment Section 144B of the Income Tax Act represents a significant shift in how income tax assessments are conducted, placing a strong…
Faceless Assessment Scheme Under Section 144B of the Income Tax Act
Faceless Assessment Scheme Under Section 144B of the Income Tax Act The Central Government launched the Faceless Assessment Scheme to enhance transparency, streamline processes, and ensure greater accountability in income…
Section 10 Of Income Tax Act_ Exemptions, Allowances & How To Claim It
Hello Folks!!!Today, we are going to discuss about the Section 10 of Income Tax Act,The Government of India offers various exemptions to help reduce your income tax burden. Section 10…
Section 115BAC of Income Tax Act: New Tax Regime Deductions Allowed, Exemption List & Benefits
What is Section 115BAC – The New Tax Regime?Section 115BAC, introduced in the Budget 2020, established a new tax regime effective from FY 2020-21 (AY 2021-22). This regime offers reduced…
Advance Tax Under Income Tax Act, 1961
Learn about Advance Tax according to the Income Tax Act, 1961. Understand compliance procedures, methods for revising income estimates, key deadlines, exemption criteria, applicable tax rates, and the steps to…
