Income Tax Articles

Correct ITR Filing: Fix AIS Data & Income Tax Errors

Posted by Rashmi 22 July 2023 10220 Views

Ensure accurate Income Tax Return (ITR) filing. Learn how to verify income sources, resolve AIS discrepancies, and correct errors for a smooth tax process.

Post-ITR Payment: How to Fix Errors

Posted by Nikita Agarwal 20 July 2023 10277 Views

Filed your ITR and paid tax late? Learn how to rectify post-filed ITR payments with our step-by-step guide. Resolve discrepancies easily.

Avoid ITR Filing Errors AY 2023-24: Smooth Tax Process

Posted by Rashmi 20 July 2023 12381 Views

Ensure a hassle-free ITR filing for AY 2023-24. Learn how to avoid common errors, choose the right form, verify details, and file on time for a smooth tax process.

AIS Dilemma: Unreported Income & Tax Filing Risks

Posted by Rashmi 19 July 2023 6251 Views

Don't rely solely on your AIS for tax filing. Discover exempt incomes and unreported transactions that could lead to penalties. File accurately!

Overpaid Tax? How to Claim a Refund or Adjustment

Posted by Nikita Agarwal 19 July 2023 2327 Views

Paid more tax than you owe? Learn the steps to rectify your Income Tax Return and claim a refund or adjustment for overpaid tax.

Exceptions to the rule - Income of P.Y. is taxable in A.Y.

Posted by Ritik Chopra 18 July 2023 81240 Views

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.

Calculate Capital Gains on Shares with Unknown Purchase Cost

Posted by Nikita Agarwal 17 July 2023 8914 Views

Unsure of your share purchase cost? Learn how to calculate capital gains using the Fair Market Value as of 31st January 2018. Get your tax calculations right!

Depreciation allowance under section 32 of the Income Tax Act, 1961

Posted by CA CMA CS Ram Pavan Kumar Melam 17 July 2023 521769 Views

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

TDS Explained: Forms, Returns, Challans & Due Dates

Posted by Nikita Agarwal 14 July 2023 4892 Views

Master TDS with our comprehensive guide. Learn about TDS forms, returns, challans, due dates, rates, and exemptions. Ensure compliance and avoid penalties.