Income Tax Return Related Articles

Sep - 2024

13

Income Tax Return for NRI

Income Tax Return for NRI

Income Tax Return for NRI Picture this: You've just relocated from India and are now working at a renowned multinational corporation abroad, enjoying a lucrative salary and a host of amazing perks. Life is great, but there's one crucial aspect of your finances that needs attention—your taxes. You m ...

Sep - 2024

03

ITR1 vs ITR2: Know the Differences, Meaning & Applicability

ITR1 vs ITR2: Know the Differences, Meaning & Applicability

ITR1 vs ITR2: Know the Differences, Meaning & Applicability Navigating the complexities of filing income tax returns in India requires a clear understanding of the right form to use—ITR 1 or ITR2. The IT department oversees this process, and improper filing can result in penalties or missed dea ...

Jul - 2024

16

ITR Refund Delay: How to Resolve it?

ITR Refund Delay: How to Resolve it?

ITR Refund Delay: How to Resolve it? Experiencing an ITR refund delay can be frustrating, especially when you've carefully planned your investments and savings to maximize your tax benefits. Filing your income tax returns (ITRs) early is crucial for a quicker refund, as the tax department's workloa ...

Jun - 2024

30

Documents Required For Income Tax Return (ITR) Filing In India

Documents Required For Income Tax Return (ITR) Filing In India

Documents Required For Income Tax Return (ITR) Filing In India When filing an income tax return, you must submit certain documents that serve as proof of income for the specific financial year. It is mandatory for anyone liable to pay Income Tax to provide these documents to the Income Tax Departme ...

Jun - 2024

29

Income Tax ITR Filing Due Date

Income Tax ITR Filing Due Date

Income Tax ITR Filing Due Date Filing Income Tax Returns (ITR) is a fundamental responsibility for every taxpayer in India. It ensures compliance with the country's tax laws and involves reporting all sources of income, deductions, and tax liabilities to the Income Tax Department. The Due Date ...

May - 2024

14

How to File Income Tax Return of Deceased Person in India

How to File Income Tax Return of Deceased Person in India

How to File Income Tax Return of Deceased Person in India The season for filing income tax returns is here again! Typically, the deadline for individuals to file their returns is July 31, 2024, for the financial year 2023-24. We usually refer to living persons when we mention individuals, but there ...

Apr - 2024

29

Business Income Tax Return (ITR) Filing

Business Income Tax Return (ITR) Filing

Business Income Tax Return (ITR) Filing Every year, businesses in India must declare their income to the Income Tax Department through Business Income Tax Return (ITR) filing. This involves electronically submitting the appropriate ITR form on the income tax e-filing portal. The required form and d ...

Apr - 2024

08

What are the common mistakes while Filing ITR?

What are the common mistakes while Filing ITR?

What are the common mistakes while Filing ITR? The deadline for submitting Income Tax Returns for the fiscal year 2023-24 (Assessment Year 2024-25) is quickly approaching, with the due date set for July 31, 2023. Last-minute rush in filing can often result in the provision of inaccurate information ...

Jan - 2024

25

Section 8 Company Compliance

Section 8 Company Compliance

Section 8 Company Compliance A Section 8 company in India is a non-profit organization that promotes social welfare under the Companies Act, 2013. Section 8 companies, much like other companies, are subject to compliance requirements. Despite their non-profit nature and dedication to social causes, ...

Jan - 2024

22

10 Benefits of Filing Income Tax Return (ITR)

10 Benefits of Filing Income Tax Return (ITR)

10 Benefits of Filing Income Tax Return (ITR) Tax payment becomes obligatory when income surpasses a certain threshold, facilitated by submitting an Income Tax Return (ITR). The ITR is a form detailing income from the previous financial year, from April 1st to March 31st. This requirement applies t ...

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