ITR Filing Online for FY 2022-23 (AY 2023-24) The Income Tax Department has introduced seven different forms, namely Form ITR 1 to ITR 7, for filing Income Tax Return based on the type of income and entity. It is crucial […]
What are the important things from the Income Tax aspect to consider this March ending? Introduction As the financial year 2022-23 comes to an end, taxpayers need to take certain steps to ensure they comply with Income Tax laws and […]
A Comprehensive Guide to Section 43B of the Income Tax Act Introduction Section 43B of the Income Tax Act is an important provision that deals with various types of expenses that are allowed as deductions. It lays down the conditions […]
A big relief for Middle Class as the FM Announces reduction in the Income Tax Rates- Key Highlights of Union Budget 2023-24 Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 on the 1st of February, 2023 amid a […]
“What is ITR Form 7?”, “How to file ITR 7?” And Eligibility Criteria Introduction ITR taxpayers have several options for completing the Income Tax Return Form 7, including bar-coded forms, paperback forms, digital signatures, and the filing of return verification […]
Why is it Important to File an Income Tax Return on 31st July 2022 Introduction The Due date for ITR Filing is just around the corner. It is as near as 31st July. If the individuals fail to file the […]
“What is Form 3CD?”, “What is Form 3CB?” And Process to Access & Submit Form 3CD and 3CB Introduction Forms 3CB and 3CD are reporting formats that an auditor should use while auditing the books of accounts of taxpayers who […]
Know who should file income tax returns for FY 2021-22. Understand if you are liable to file the return. Income Tax Department has notified 7 various forms up till now i.e. Form ITR 1 to ITR 7 for filing Income […]
Compliance Calendar for the month of December 2021 Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income […]
