Form 67 for Relief under section 90/90A/91
Introduction:In today’s globalized world, where businesses transcend borders and individuals relocate for work and investment opportunities, the issue of double taxation has become increasingly relevant. To address this challenge, countries often...
Taxation on online Gaming
Introduction:India is witnessing sharp rise in online gaming sector as well as in betting sector. Many platforms offer winnings on completion of a particular game or upon winning a bet. This is one of the significant factor government has looked...
Why to File 15G and 15H Form
https://www.youtube.com/watch?v=ho6JGo0m_wk&list=UULFTIpmzGmtAXayrwUZhFu50A&index=8
Changes and important amendments in Form 3CD
Introduction:Form 3CD is a statement of particulars required to be furnished under section 44AB of the Income Tax Act, 1961. It is essentially an audit report that is required to be filed by certain persons carrying on business or profession. The...
Aadhaar-PAN Linkage: Ensuring PAN Operability in a Fast-Changing Landscape
In recent times, the Indian government has embarked on a profound transformational path, focusing on the digitization and modernization of diverse facets of governance and citizen services. An instrumental cornerstone of this initiative was the...
Maximizing Your Deductions: How Income Tax Software Can Help You Save Money on Taxes in India.
Maximizing deductions is a key strategy for saving money on taxes in India. By reducing the amount of taxable income, taxpayers can lower their tax liability and keep more of their hard-earned money. Income tax software can be a powerful tool for...
FAQs on Income Tax Return Software in India
Q.1 – How Is It Safe to Use Software for Tax Return Filing? Safety and security are the key features of any ITR software. Now a days, user data safety is crucial aspect of any business. Hence you should use software that ensures the data and...
Indirect Tax changes in Budget 2023
Number of basic customs duty rates on goods, other than textiles and agriculture, reduced to 13 from 21. Minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha. Excise...
Income Tax Changes in Budget 2023
Hon. Finance Minister, Nirmala Sitharaman’s Budget Speech 2023 had several proposals for the benefit of taxpayers in the lowest and highest tax brackets. Below are some important changes in Income Tax: Tax structure in new personal income tax...
Things to Know Before You File ITR
Getting income in your account every month is really too comforting, but filing the income tax returns for the same annually is quite a pain! However, if you know the easy ways to file your ITR accurately then there would be no pain in doing this....
Is ITR applicable to you?
New ITR forms are live. Don't forget to file the Income Tax Return this year. Keep all the required documents handy before filing your Tax Return. If you are one of the below-mentioned person, you should consider filing the ITR this year. As per...
What happens if the income tax return is not filed in India?
Today you need to file your income tax returns attentively and on time if you are a citizen of India with a source of income. The consequences of failing to file your taxes might be severe. Your income will be impacted if you do not file your tax...