Generally, Income Tax Return is to be filed by the individuals, if their income exceeds the threshold limit of Rs. 2.5 lacs, set up by the Ministry of Finance, Government …
Know Reasons Why You Should File Your Income Tax Return Read More »
The employers issue Form 16 TDS certificate to their employees. It is proof of tax deduction at source from the employee’s salary. Further, the genesis of this Form can be …
All You Need To Know About Form 16: TDS Certificate For Salary Read More »
Filing of Income Tax Return is not just a statutory compliance for the taxpayers but it also a way of informing the Government about the total income that the taxpayer has earned during a relevant financial year and that he has paid the tax on that income.
The Union Budget, 2020 amended Section 194N related to TDS on cash withdrawal from savings/current bank account. As per this amended Section, if an assessee has not filed Income Tax Return (ITR) for the last three financial years, then cash withdrawal from his/her savings or current bank account will attract TDS if the total amount withdrawn in a financial year exceeds Rs 20 lakh / Rs. 1 crore
Due date for filing of Income Tax Return for persons whose books of accounts are to be audited is 31st October, 2022
Due date for filing of Income Tax Return for normal taxpayers or individuals is 31st July, 2022. Get your ITR filed by TaxHelpdesk experts.
Income Tax Returns offline can be filed by downloading the offline utiliy for ITRs. Filing of Income Tax Return or ITR becomes compulsory in cases where the assessee’s income exceeds …
In order to provide relief and lessen the burden on small taxpayers, the Governmeny had announced the tax rebate scheme by introducing Section 87A in the Income Tax Act.
Due date for filing of Income Tax Return for persons whose books of accounts are to be audited is 15th March, 2022
Oh no! You missed the deadline of filing Income Tax Return by 31st December, 2021 and now you are worried as to what to do next? Don’t worry, even if …
Can I file Income Tax Return after 31st December 2021? Read More »