All About Form 3CFA Filing Under the Income Tax Act 1961 Introduction Form 3CFA filing is required by eligible taxpayers who wish to claim the concessional tax rate on Patent Royalty Income under Section 115BBF of the Income tax Act […]
Errors and Corrections in Form 26AS: How to Fix Them Introduction Errors and Corrections in Form 26AS are important for taxpayers who want to ensure accurate Income Tax Return (ITR) filing and avoid issues related to tax credits. Form 26AS […]
Income Tax Return Filing Due Dates Extended for AY 2021-22 Introduction During the COVID-19 period, the Central Board of Direct Taxes (CBDT) announced several extensions for tax compliances. The Income Tax Return filing due dates extended gave individuals, businesses, companies, […]
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 […]
Cost Inflation Index for the FY 2020-21 Overview It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long term capital gains. Base year has been shifted […]
Changes in Section 12A and Section 80G for Charitable Institutions Introduction Charitable purpose includes relief of the poor, education, medical relief, environmental preservation, preservation of monuments, and advancement of other objects of general public utility. Charitable institutions in India may […]
Income Tax Rates Slab FY 2013-14: Complete Tax Rate Guide Introduction The Income Tax Rates Slab FY 2013-14 applied to income earned between 1 April 2013 and 31 March 2014. The corresponding assessment year was AY 2014-15. Although these […]
How to Make TDS Payment Online? Step-by-Step Process Introduction Understanding how to make TDS payment online has become important after the implementation of the Income Tax Act, 2025 from 1st April 2026. Earlier, TDS compliance was governed under the Income […]
