Blog categorized as Income Tax

Annual Information Return (AIR) Filing in Bangalore with Our Expert Services

Are you a taxpayer in Bangalore feeling overwhelmed by the intricacies of income tax assessment and scrutiny? Fret not! We understand the complexities and challenges that taxpayers face during these processes.

Non-Resident Indians (NRIs) play a significant role in Bangalore's economy, contributing to various sectors and driving innovation and growth. However, navigating the complexities of taxation as an NRI can be daunting

Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding Rs.10,00,000, shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 1% of the sale consideration as income-tax.

Tax on Accreted Income of Charitable Trust or Institutions (Section 115TD)

Income Tax Return Due Date AY 2023-24 Latest News (July 13, 2023): With only 19 days left for Income Tax Return filing for income earned in FY 2022-23, the Income Tax e-filing website is seeing a lot of activities from taxpayers.

Minimum Alternative Tax is payable under the Income Tax Act. The concept of MAT was introduced to target those companies that make huge profits and pay the dividend to their shareholders but pay no/minimal tax under the normal provisions of the Income Tax Act

Income Tax Return Form 4 (ITR-4) is a form that is used to file income tax returns by individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession

As the tax season approaches, it's time to start thinking about filing your income tax return. If you're an individual taxpayer in India, you may need to file Income Tax Return Form 3 (ITR-3)

The ITR Form 2 is applicable to individuals and HUFs who do not have income from profits and gains of business or profession. The following are the eligibility criteria for filing ITR Form 2

The ITR-1 form is also known as the Sahaj form and is meant for individuals who earn income from salary, one house property, other sources like interest on savings bank account, etc., and have a total income of up to Rs. 50 lakhs.

Filing your income tax returns online has never been easier. Now, you can file your returns online without visiting an office or paying any fees.

The e-filing users require a Digital Signature Certificate (DSC) to sign the income tax returns, forms and other places where authentication of the user on the electronic document is required.

how to upload itr on income tax portal

Click on the following link to access Income Tax Login Account: https://eportal.incometax.gov.in/iec/foservices/#/login and enter your User Id (PAN) and click on ‘Continue’

Double Tax Avoidance Agreement (DTAA) is a treaty that is signed by two countries.

Prices of goods increase over time, resulting in a fall in the purchasing power (quantity of goods that one unit of money can buy) of money.

Everything you need to know about Sections 206AB and 206CCA & 194Q of Income Tax Act

"Even if the income is below the basic exemption limit, the person would be required to file ITR in India if, he holds any asset outside India or has any financial interest in any entity outside India

Section 80EE allows income tax benefits on the interest portion of the residential house property loan availed from any financial institution. You can claim a deduction of up to benefits on the interest portion of the residential house property loan availed from any financial institution.