Income Tax Articles
Income Tax Department Tightens Scrutiny Against False Deductions and Exemptions for Salaried Individuals
Rashmi 24 July 2023 at 08:52Salaried individuals are being warned to be cautious while filing their Income Tax Returns (ITRs) this year. The Income Tax Department has increased its scrutiny and is seeking documentary evidence against bogus deductions and exemptions claimed by some taxpayers.
How to claim deduction of interest on home loans in ITRs?
Nikita Agarwal 22 July 2023 at 14:48When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps
How to Ensure Correct Information for Filing ITR
Rashmi 22 July 2023 at 09:06Filing your Income Tax Return (ITR) accurately is crucial, and it involves incorporating vital information from your Annual Information Statement (AIS). However, discrepancies or missing data in the AIS can occur, leading to confusion during the filing process.
Rectifying Post-Filed ITR Payments: A Step-by-Step Guide
Nikita Agarwal 20 July 2023 at 09:04If you have already filed your Income Tax Return (ITR) but made a payment after filing, there are steps you can take to rectify the situation
Avoiding ITR Filing Errors for AY 2023-24: Tips for a Smooth Process
Rashmi 20 July 2023 at 09:04To ensure a hassle-free income tax return (ITR) filing experience, taxpayers should be mindful of certain crucial aspects. Here are some key tips to avoid common errors
AIS Dilemma: Exempt Incomes and Unreported Transactions in Income Tax Filing
Rashmi 19 July 2023 at 14:20Relying solely on your Annual Information Statement (AIS) to file your income tax return (ITR) without verifying other sources of income can lead to trouble with tax authorities
Guidance on what to do if you paid more tax than you owe
Nikita Agarwal 19 July 2023 at 09:01If you have already filed your Income Tax Return (ITR) but made a higher tax payment than the demand mentioned in the intimation, you may need to follow some steps to rectify the situation
Calculation of capital gains on shares when the cost of purchase is unknown
Nikita Agarwal 17 July 2023 at 16:59Calculating capital gains on shares when the cost of purchase is unknown can be challenging. However, there are a few methods you can use to determine the cost of acquisition and calculate the capital gains.
Demystifying TDS: A Comprehensive Guide to Forms, Returns, Challans, Due Dates and More
Nikita Agarwal 14 July 2023 at 14:26This research provides a comprehensive overview of Tax Deduction at Source (TDS), covering various aspects such as forms, returns, challans, due dates, and related information.
FAQs on Income tax Returns for Assessment Year 2023-24
Affluence Advisory 14 July 2023 at 08:58The article lists down FAQs on Income tax Returns for Assessment Year 2023-24
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