Income Tax Articles

Importance of Nil TDS Return Filing for Businesses

Ishita Ramani 14 January 2025 at 07:25

Let's discover why a Nil TDS Return Filing is important for businesses.

How to File Schedule FSI, Schedule TR and FA Schedules in Income Tax Return

CA Aman Rajput 11 January 2025 at 08:35

How to file schedule FSI, schedule TR, and FA schedules in income tax returnAs we know, the income tax Returns in India require detailed reporting of income, ta..

Budget 2024: How Capital Gain Tax Changes Impact You

CA Arun Tiwari 11 January 2025 at 08:35

This article breaks down the key reforms, their effects on different groups and their broader economic impact.

Section 139(8A) of the Income Tax Act: Furnishing Updated Returns Made Clear

Shivani 10 January 2025 at 14:01

An Updated return can be furnished u/s 139(8A) of the Income Tax Act 1961 by any person, whether or not he has furnished a return under sub-section (1) or sub-section (4) or sub-section (5), for an assessment year

Maximizing Tax Benefits on Home Loan Interest: A Strategic Guide

CA Abhishek Agarwal 10 January 2025 at 08:48

Buying a home is a dream for many, but the associated home loan interest can be a financial burden. However, with strategic planning, you can turn this burden into a tax-saving opportunity

New Income Tax Excel Utility for ITR-2 & ITR-3 Version 1.8 for AY 2024-25 Now Available

Joseph Amal T A 08 January 2025 at 08:46

The Indian Income Tax Department has introduced the latest versions of its Excel utilities for filing Income Tax Returns (ITRs) for the Assessment Year 2024-25.

Updated 24Q TDS Return Effective from January 2025 - Relief to Salaried Employees

Joseph Amal T A 07 January 2025 at 08:44

From October 1, 2024, the government mandated employers to consider the TDS/TCS deducted on non-salary income when computing TDS on salary. This adjustment aims to reduce the excessive TDS deductions often faced by salaried employees by ensuring that tax already paid on non-salaried income is accounted for.