Income Tax Articles

What to fill in the ITR Verification Field?

Posted by Prajjwal Kaushik 30 December 2018 208607 Views

The return filing season is on its peak and lately, a lot of taxpayers have asked me about what needs to be filled in the ITR Verification field "I further

Know your Income tax form ITR-4

Posted by CS Karan B. Khattri 27 December 2018 14683 Views

WHAT IS ITR 4ITR 4 Form is for presumptive income from Business & Profession as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.ITR 4

FAQ on Instant e-PAN allotment

Posted by CA Mayur Todmal 27 December 2018 15398 Views

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar

Common mistakes while filing ITR with recommendations

Posted by CA Mayur Todmal 26 December 2018 16367 Views

MISTAKE 1: SELECTION OF the WRONG ITR: While filling ITR, if you select ITR form which is not ap

Know your Income tax form ITR-3

Posted by CS Karan B. Khattri 24 December 2018 15606 Views

WHAT IS ITR 3ITR-3 Form is for individuals and HUFs having income from a proprietary business or profession.ITR-3 APPLICABLE FOR: The persons having income from...

Advancing towards Advance Income Tax!

Posted by Siddharth Goel 22 December 2018 9699 Views

The Income Tax Act, 1961 expects the taxpayers to foresee the future and estimate their incomes in advance! No wonder why there are so many future tellers in In...

Know your Income tax form ITR-2

Posted by CS Karan B. Khattri 22 December 2018 11346 Views

WHAT IS ITR 2ITR-2 Form is for Individuals and HUFs not carrying out business or profession under any proprietorship.DETAILS REQUIRED IN ITR-2 FORM SCHE...

Know your income tax form ITR-1

Posted by CS Karan B. Khattri 19 December 2018 15373 Views

WHAT IS ITR 1?ITR-1 form is the simplest one-page form which should be filed by individuals having an income up to Rs. 50 lakhs. This income can be from the fol...

ICDS - Impact analysis

Posted by Mohit Joshi 18 December 2018 28777 Views

Topic � Analysis of Income Computation and Disclosure Standards Introduction �Income Computation and Disclosure Standards (better known as ICDS) are

All about penalties under Income Tax Act

Posted by Siddharth Goel 17 December 2018 13845 Views

Penalties! Penalties! Penalties!The Income Tax Department levies a lot of hefty penalties for defaults under various provisions of the Income Tax Act, 1961. It ...