Income Tax Articles

Understanding Form 26AS: A Key Component for Filing Income Tax Returns (ITR)

CA Prateek Agarwal 17 July 2024 at 08:42

This article delves into what Form 26AS is, its significance, and what taxpayers should know while filing their ITR.

Who Should File ITR even when Income is Below Exemption Limit?

CA Umesh Sharma 16 July 2024 at 08:37

Arjuna (Fictional Character): Krishna, the due date for filing of Income Tax Return for Individuals is 31st July, however still many people around the nation ha..

Benefits of Filing Return of Income

Affluence Advisory 13 July 2024 at 08:34

In this article, we make an attempt to discuss some of the benefits of filing income tax returns and what the best way to go about doing so is.

Tax Deduction on Purchase of Property: A Holistic Approach for Understanding Law and Practical Questions with Procedural Guide

Ashish Bansal 12 July 2024 at 08:42

Filing of Return of TDS on purchase of property under Income Tax Act under Form 26QB can be tricky and at times. It becomes more frustrating when there is some mistake after filing as the correction process may not be friendly for common person.

Netizens Shocked as Man Pays Rs 50,000 to Resolve Rupee 1 Income Tax Issue

Mitali 11 July 2024 at 11:36

A man in Delhi claimed about paying a large fee to a chartered accountant for a minor tax dispute. He paid Rs 50,000 to a CA for resolving a tax notice where the disputed amount was only Re 1.

FAQs on New Vs Old Tax Regime For AY 2024-25

Mitali 08 July 2024 at 15:16

The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f. AY 2024-25 to make the new tax regime the default tax regime for the assessees being individuals, HUF, AOP (not being cooperative societies), BOI, or artificial judicial persons.

Common ITR Issues And FAQs For Filing Return For AY 2024-25

Shivani 08 July 2024 at 10:46

Discover solutions to common ITR issues and get answers to frequently asked questions for filing your income tax return for AY 2024-25.

History of Taxation in India

prasad Nilugal 08 July 2024 at 08:35

Taxation in India has been through a long journey of three centuries to reach where it stands today. We have tried to explain the journey chronologically in this article!

Income Tax Compliance Due Dates - July 2024

Ishita Ramani 04 July 2024 at 08:35

In this article, we will look at the compliance calendar for July 2024, which includes Income tax compliances/PF/ESI.

Final Checklist before Filing ITR for FY 23-24

CA Pallav Singhania 02 July 2024 at 08:40

Filing an income tax return (ITR) is a crucial annual task for taxpayers, ensuring compliance with tax laws and facilitating smooth financial planning. As the Financial Year (FY) 2023-24 draws to a close, it is imperative to be well-prepared and informed before filing your ITR. Here are the key considerations to keep in mind.