Income Tax Articles

CBDT Grants Extra Time for Taxpayers Requiring Audit

Mitali 26 October 2024 at 11:57

Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.

Time Limits for Income Tax Notices and Assessments: Quick Guide

CA Ruby Bansal 25 October 2024 at 17:42

Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters

Cleaning of Books of Accounts and their Worship on the eve of Diwali - Part 2

CA Umesh Sharma 22 October 2024 at 08:26

Discover how to handle old financial records during Diwali cleaning, as Krishna guides Arjuna through record-keeping requirements under Income Tax, GST and Companies Act. Ensure compliance and align your financial discipline with the spirit of Diwali renewal.

Automated Income Tax Form 16 Part B Master for 50 Employees for FY 2024-25

Pranab Banerjee 21 October 2024 at 08:34

Whether you're a small business owner or an HR professional, this guide will show you how to download an automatic tool for generating these forms for the financial year 2024-25. Therefore, Read on to learn how this can simplify your tax responsibilities!

Understanding Form 12BAA: A Guide to Simplifying TDS and Managing Additional Income

CA Aditya 21 October 2024 at 08:34

Form 12BAA is a straightforward declaration form. It lets you tell your employer about any other income you have, like interest income, capital gains, or commission Income.

Step-by-Step Guide to TAN Correction Online: How to Update Your Tax Account Number

Ishita Ramani 18 October 2024 at 08:41

This article presents expertise on a step-by-step guide to update your TAN using the online system.

Understanding Partition and Re-Union of HUF

IYER P.V 18 October 2024 at 08:41

Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961