Income Tax Articles

Holding benami Physical Shares? Time to write off your Investment

Vikash Jain 02 July 2018 at 10:58

SEBI tightening the screws.... In pursuance of SEBI circular, Securities holders holding securities in physical mode shall submit a copy of PAN and bank de

Know your Income tax form ITR-4

CS Karan B. Khattri 30 June 2018 at 13:26

WHAT IS ITR 4ITR 4 Form is for presumptive income from Business & Profession as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.ITR 4

FAQ on Instant e-PAN allotment

CA Mayur Todmal 30 June 2018 at 13:24

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar

Common mistakes while filing ITR with recommendations

CA Mayur Todmal 29 June 2018 at 11:08

MISTAKE 1: SELECTION OF the WRONG ITR: While filling ITR, if you select ITR form which is not ap

Delay in filing return will be painful this year

Hardik Lashkari 28 June 2018 at 17:00

If a person files the belated return will have to pay late fees under section 234F.Since this is a late fee and not a penalty, hence it cannot be waived off.

Know your Income tax form ITR-3

CS Karan B. Khattri 27 June 2018 at 10:49

WHAT IS ITR 3ITR-3 Form is for individuals and HUFs having income from a proprietary business or profession.ITR-3 APPLICABLE FOR: The persons having income from..

How to obtain certificate for lower deduction of TDS

Kartikey Jain 26 June 2018 at 11:10

TDS (Tax Deduction at Source) is a mechanism through which government is able to collect tax revenue in advance right at the time of receipt of income by an ass..

Advancing towards Advance Income Tax!

Siddharth Goel 25 June 2018 at 11:09

The Income Tax Act, 1961 expects the taxpayers to foresee the future and estimate their incomes in advance! No wonder why there are so many future tellers in In..

Know your Income tax form ITR-2

CS Karan B. Khattri 25 June 2018 at 11:09

WHAT IS ITR 2ITR-2 Form is for Individuals and HUFs not carrying out business or profession under any proprietorship.DETAILS REQUIRED IN ITR-2 FORM SCHE..

Know your income tax form ITR-1

CS Karan B. Khattri 22 June 2018 at 11:25

WHAT IS ITR 1?ITR-1 form is the simplest one-page form which should be filed by individuals having an income up to Rs. 50 lakhs. This income can be from the fol..