Income Tax Return (ITR) e-filing on Income Tax Portal: The income tax return (ITR) filing process for the financial year 2023-24 (assessment year 2024-25) has commenced on the e-filing income tax portal. The commonly used ITR forms were made available on April 1 to facilitate early and convenient filing of tax returns.Although the ITR forms … Read more
Home Business Attention Taxpayers: Link Your PAN With Aadhaar by May 31 or Face Higher TDS – Income Tax Dept Issues Notification All must link PAN with Aadhaar Card because the Income Tax Department made PAN-Aadhaar linking mandatory for taxpayers. Taxpayers who fail to link their PAN with Aadhaar by the deadline will face a … Read more
Home Business Income Tax Return 2024: Documents You Need To Keep Ready For ITR Filing; Check Full List Over Here live As the income tax return filing date is approaching, there are certain documents taxpayers need to keep ready with them, in order to avoid last minute rush. If you keep certain documents before filing … Read more
Home Business ITR Filing 2024: Maximize Income Tax Savings Through Employees Provident Fund (EPF) Contribution Provident fund is already deducted by most of the employers on which tax won’t be deducted in case you come under the income tax slabs. However understanding the EPF can help you to reduce tax liabilities and save more taxes. … Read more
Home Business ITR Filing: Here’s How To File ITR If Your PAN Card Is Inoperative; Check Details One must note that your PAN card becomes inoperative if it is not linked with the Aadhaar card. However, individuals can re-activate their PAN card by paying the penalty for non-linking PAN with an Aadhaar card. Representative Image … Read more
Home Business ITRs E-verification: How To Verify Income Tax Return Online Via Aadhaar Number Who Can E-verify ITR Using Aadhaar Card: One who has linked an Aadhaar card to a PAN number and also an active mobile number linked to Aadhaar. If the amount exceeds Rs.5,000, the gifts will be taxed under the ‘income from … Read more
Home Business ITR Filing 2023: Taxpayers Must File Belated Income Tax Returns Before Dec 31, Check Step-by-step Guide Here ITR Filing 2023: Not filing ITR at all can have significant consequences. Taxpayers then will not be able to carry forward losses from the current assessment year. If taxpayers file their return late, they will be … Read more
Old versus new income tax regime: More than 63% of Indian taxpayers still follow the old income tax regime, while 37% have switched to the new one, according to a survey conducted by PB Fintech, the parent company of insurance marketplace Policybazaar.The survey, which included 1,263 participants from 350 cities across the country, revealed that … Read more