The income tax department has released the ITR-6 excel utility for the fiscal year 2024-25. Prior to this, the department enabled the excel utility for ITR-1, ITR-2, and ITR-4 for fiscal year 2024-25.
May 6, 2024
The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.
May 5, 2024
Form 15G and Form 15H are self declaration forms that individual taxpayers submit to tax deductors in order to request for non-deduction of TDS if their estimated tax liability during the relevant financial year is Nil.
May 3, 2024
If there are any discrepancies or missing documents, you have enough time to sort them out. This proactive approach can save you from last-minute hassles and potential penalties.
May 2, 2024
ITR filing 2024: Salaried individuals can file income tax returns for FY 2023-24 from June after receiving Form 16. The form includes PAN, TAN, salary details, deductions, and tax deducted at source (TDS)
May 1, 2024
Tax filing season is approaching, plan ahead to avoid last-minute hassles. Check ITR form eligibility, residential status, choose tax regime wisely, maintain proper documentation and more.
April 30, 2024
Section 54F of Income Tax (I-T) Act allows taxpayers to claim exemption of capital gains tax by buying residential property from the proceeds of jewellery sale
April 29, 2024
In case any employee has failed to specify their choice of the tax regime, can the concessional/ new tax regime would be applicable as a default tax regime?
April 27, 2024
Sam Pitroda’s discussion on inheritance tax in India sparks debate on fair wealth distribution and public welfare resources. Mumbai-based expert Balwant Jain opposes the tax, citing disincentives for hard work.
April 26, 2024
Filing ITR enables you to claim tax refunds for excess taxes paid and credits for taxes deducted at source, while also avoiding penalties for non-compliance.
April 25, 2024© 2018 CA Chandan Agarwal. All rights reserved.