Income Tax Articles

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.

A Guide to Tax Benefits of a Hindu Undivided Family (HUF)

Ishita Ramani 27 June 2024 at 08:31

In this article, we will discuss the meaning of a Hindu Undivided Family, the tax benefits of a Hindu Undivided Family, and the drawbacks of a Hindu Undivided Family.

My income is below the basic exemption limit. Should I file a Nil Return?

Mitali 25 June 2024 at 11:58

NIL Return means when an individual filed Income Tax Return which is below the threshold limit. While it not so mandatory if you have no taxable income for the year. But it can be beneficial for record-keeping and other administrative purposes.

Why Bank Account Validation is Crucial for Your Tax Refund?

Priya Mulukutla 24 June 2024 at 11:14

The Income Tax Department gave an important update regarding the Validation of Bank Accounts. The Department took to X (formerly known as Twitter) to bring the taxpayers' attention to the necessity of validating bank accounts for the smooth receipt of refunds.