Income Tax Articles
Guidance on what to do if you paid more tax than you owe
If 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
Exceptions to the rule - Income of P.Y. is taxable in A.Y.
In some cases, income is taxed in the same year in which it is earned and so in these exceptional cases a previous year will also function as an assessment year. Let us discuss those exceptions.
Calculation of capital gains on shares when the cost of purchase is unknown
Calculating 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.
Depreciation allowance under section 32 of the Income Tax Act, 1961
Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery, plant or furniture. It need not be incurred by the assessee
Demystifying TDS: A Comprehensive Guide to Forms, Returns, Challans, Due Dates and More
This 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
The article lists down FAQs on Income tax Returns for Assessment Year 2023-24
Auto Excel Based Preparation Master of Form 16 for FY 2022-23 and AY 2023-24
13 July 2023
26602 Views
A Salaried Employee’s Tax Proof Certificate Form 16 | With Auto Calculate and Auto Preparation Excel Based Master of Form 16 for FY 2022-23 and AY 2023-24
Seamless ITR Filing Journey: Experience End-to-End Service with Tax2Win
Tax2win is here with its end-to-end tax-related service to ensure that you never have to experience the chaos and confusion of the tax season again.
How to file a revised TDS return on TRACES Portal?
TDS Return might have to be revised due to reasons like incorrect challan details or PAN not provided or incorrect PAN provided, short deduction or short payment.
Comprehensive Discussion On Investment Made In Mutual Fund & Its Taxability (Equity/Debt)
It has always been the point of discussion while deciding the eligibility of investment made in Mutual funds for claiming deduction under Sec 80C of the Income Tax Act and also to calculate its taxability at the time of redemption. It should be noted that taxation of Mutual fund depend upon its type whether it is equity oriented fund or Debt oriented fund.
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