# income tax india
21 posts in `income tax india` tag
Department Facilitates Electronic Filing For Trust Registration & Deregistration
Income Tax Portal Update: Department Facilitates Electronic Filing For Trust Registration & Deregistration
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By Krishna
June 2023 Tracker For Income Tax and GST Compliance
The June 2023 Tracker for Income Tax and GST Compliance provides a comprehensive overview of important deadlines and requirements for tax compliance in June 2023. It serves as a valuable resource for individuals and businesses, ensuring they stay on top of their income tax and Goods and Services Tax (GST) obligations.
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By Krishna
Benefit in Old And New Tax Regime Rates For F.Y. 2023-2024 AY 2024-2025
Under the new tax system, the standard deduction benefit is now available to salaried individuals and retirees (including family pensioners).
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By Krishna
How To File ITR of Past Years - Benefits & Consequences
People are able to submit returns for prior years. Only the two years prior to the current financial year for which the returns have been filed may be used in this manner.
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By Krishna
Budget 2023 - Impact On Market Infra, Tech & Others
The Finance Minister, Nirmala Sitharaman has announced a significant change in the income tax regime. The new income tax regime has seen a major update in the income tax slab rates for 2023-24.
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By Krishna
NRI Tax Return In India
If an Indian Citizen/Person of Indian Origin stays in India for a temporary period or never stays at all, yet earns money from this country, the income is considered to be NRI income.
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By Krishna
5 Things Taxpayers must follow while filing ITR
Most taxpayers can make mistakes while submitting their ITR for a variety of reasons, including negligence, a lack of time, or incorrect information.
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By Krishna
Everything About Property Tax You Must Know
Property tax is a type of amount that must be paid by the landowner to the municipal corporation of your area or the local government for yours. The tax must be paid every year.
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By Krishna
Filed the income tax returns but have not received the refund yet
It’s been almost 40 days since the Income Tax Returns due date have passed and if you still have not received your tax refund then it advised you to check your status on the e-filing IT portal or tin-nsdl website.
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By Krishna
5 Best Tax-Saving Investments That Everyone Must Know
Tax saving is an integral part of being a salaried individual or self-employed as it can provide deductions under section 80C. These deductions play a vital role while planning your tax-saving. People are generally found perplexed when it comes to investing in these securities due to less knowledge about the returns, and risks pertinent to the various investments.
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By Krishna
Solvency Certificate - Meaning, Issuance & Format
A solvency certificate is a document showing the financial stability and credibility of an organization/individual/entity.
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By Krishna
New Annual Information System form 26AS
Finance Act, 2020 (Budget 2020-2021) and amendment, inserts new Rule 114-I, had introduced a New section 285 BB in THE INCOME TAX ACT 1961 TO IMPLEMENT REVISED FORM 26 AS (Annual Information System).
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By Krishna
Comparison Of Old And New Tax Regime Rates For AY 2021-22
New Income Tax Slab Rates introduced in the Budget 2020 for AY 2021-22 onwards is kept optional for the taxpayers, where, they are open to choose the tax slabs of old regime (FY 2019-20).
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By Krishna
Income Tax Return Filing Due Dates FY 2019-20, AY 2020-21
As part of the COVID-19 relief Deadline for Income Tax Return Filing is extended to 30th November 2020 for FY 2019-20 (AY 2020-21).
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By Krishna
Provisions Of Online Correction In Form 26QB
Till FY 2013-14, form 26QB could not be revised to rectify any kind of errors in information.
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By Krishna
Income from House Property and Taxes
Income tax is payable on the 'Net Annual Value (NAV)' of these properties under 'Income from House Property'. If a house is self-occupied,...
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By Krishna
ITR-2 Available On Its E-Filing Portal
Registered users of the e-Filing portal can use the ITR-2 pre-filling and filing service. Individual taxpayers can use this service to file ITR-2 electronically via the e-Filing site.
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By Krishna
New guidelines regarding TDS and TCS
The Income Tax Department has issued new guidelines regarding tax collection at source TCS.
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By Krishna
Extension Of Due Date Of Furnishing Of Income Tax Returns
According to a CBDT announcement, the deadline for submitting income tax returns (ITR) for the AY 2021–22 has been further extended to December 31, 2021.
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By Krishna
CBDT has notified new Income Tax Return
ITR Forms for the Assessment Year 2023–24 have been announced by the CBDT in Notifications Nos. 04 and 05 of 2023, dated February 10 and February 14, respectively.
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By Krishna
Income Tax New Rate AY 2021-22 FY 2020-2021
For AY 2023–24 (FY 2023-23), the Central Board of Direct Taxes CBDT has released income tax return forms (ITR-1–ITR-6). The CBDT informed...
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By Krishna