Form 26AS Income Tax Passbook: Guide to Tax Compliance Introduction The Form 26AS Income Tax Passbook is an important tax document that provides taxpayers with a consolidated view of their tax-related information. Similar to a bank passbook that records financial […]
Tax Audit under Section 44AB of Income Tax Act Introduction Tax Audit under Section 44AB applies to every business or professional in India that crosses the prescribed turnover or income limits. It helps ensure accurate reporting of income and expenses […]
Extension of due date of income tax return filing for 2018-19 Important Due date alert Last date of filing of ITR for FY 2018-19 was 31st July 2019 for persons who are not required to get their accounts audited. For […]
Know who should file income tax returns for FY 2019-20. Understand if you are liable to file the return. What is Income Tax filing (ITR filing)? Income Tax Return is the form in which the assessee files information about his […]
Due dates for GST Returns and Income Tax Returns for the Month of June 2020 and July 2020- As extended The Month of June and July, 2020 is significant from the point of view of due dates for filings, […]
Cost Inflation Index for the FY 2020-21 AY 2021-22 What is Cost Inflation Index? Cost Inflation Index (CII) is calculated to match prices at the inflation rate. In simple words, an increase in the inflation rate over time will lead […]
How to make income tax payment online with Challan 280? Income tax is a fundamental component of the financial system, ensuring governments can fund public services, infrastructure, and social welfare programs. In India, the payment of income tax is an […]
Changes in Norms for Charitable Institutions- Exemptions under Section 80G and 12A / 12AA Charitable purpose includes relief of the poor, education, medical relief, preservation of environment and preservation of monuments or places or objects of artistic or historic interest, […]
How to Obtain Your Instant E PAN Quickly Online? What is PAN? The Permanent Account Number, commonly known as PAN, is a crucial document for anyone dealing with financial transactions in India. It is issued by the Income Tax Department […]
