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Income Tax

Blog categorized as Income Tax

File Income Tax Return with DSC
A digital signature is an electronic form of a signature that can be used to authenticate the signatory of a document. It is used to sign the documents digitally and to authenticate the electronic documents.
04 Aug 2020 19:10:53 - Comment(s)
How to Upload Audit Report at Income Tax E-filing Portal
As we all know, from assessment year 2013-2014 onwards, tax audit report as required under section 44AB is required to be filled electronically.
01 Aug 2020 14:50:25 - Comment(s)
Income tax return forms for FY 2020-21 notified
Taxpayers including individuals, Hindu undivided family, professionals and businesses, will be able to avail benefits of savings or investments made between April 1 and June 30, following the extension timelines provided by the finance ministry owing to COVID-19 pandemic.
01 Jun 2020 19:43:16 - Comment(s)
Depreciation Rate as per Income Tax Act
Depreciation under the Income Tax Act is a deduction allowed for the decline in the real value of a tangible or intangible asset used by a taxpayer. The Income Tax Department uses the concept of depreciation for the purpose of writing off the cost of an asset over its useful life.
24 May 2020 10:41:17 - Comment(s)
Income Tax Saving Options
Income Tax Saving Options
24 Apr 2020 11:06:15 - Comment(s)
Why It's Beneficial to File Your Taxes ?
Individuals whose annual income is in excess of the basic exemption limit of Rs 2.5 lakh must mandatorily file their income tax returns. Even when there is no tax liability, an income tax return (ITR) must be filed if the total income exceeds the above-mentioned threshold.
24 Apr 2020 10:39:30 - Comment(s)
New Income Tax Slab Rates
New income tax slab rates: The income tax department has come up with clarifications for those who want to opt for new tax slabs. The lower income tax rates, as announced in Budget 2020, came into effect from April 1, 2020.
20 Apr 2020 9:48:31 - Comment(s)
Income Tax Deductions under Sec 80CCD(1B)
Income Tax Deductions under Sec 80 CCD(1B), Payment of income tax is essential for every citizen of India who has an income tax liability, as per the rules and regulations of the Income Tax Act 1961
20 Apr 2020 9:34:19 - Comment(s)
ITR under Risk Management Process for Refunds
ITR selected under Risk Management Process for pending Tax Refunds, Income Tax Department under its reminder campaign, sent email to around 1.74 Lakhs Taxpayers on 14/04/2020 with the Subject line regarding “Claim of Refund in your Income Tax Return for AY <Assessment Year> – <PAN> “.
19 Apr 2020 9:10:32 - Comment(s)
Income Tax Slabs 2020 & Tax Rates in India for FY 2020-21
Income Tax Slabs 2020 & Tax Rates in India for FY 2020-21 – Budget 2020 Revised IT Slabs (AY 2021-22)
12 Apr 2020 4:02:07 - Comment(s)
Income Tax Department Portal Login & Registration Guide
Income Tax Department Portal Login & Registration Guide, On the homepage of the government portal, click on ‘Register Yourself’ on the right hand side of the page.
12 Apr 2020 2:16:03 - Comment(s)
How to View and Download Form 26AS ?
How to View and Download Form 26AS ?
12 Apr 2020 1:29:43 - Comment(s)
How to Pay Income Tax Online ?
Challan 280 is one way to pay your advance tax, regular assessment tax, self-assessment tax, additional charges etc. online. Let’s discuss how.
12 Apr 2020 0:37:40 - Comment(s)
How to E-Verify your Income Tax Return ?
How to E-Verify your Income Tax Return E-Verification of Income Tax Return, After having successfully filed your income tax return, the next step is to verify it. Department starts processing your return, once it is verified. Refunds, if any, are processed for returns that have been submitted
08 Apr 2020 23:03:19 - Comment(s)