Income Tax Articles

Income Tax in India : Guide to Filing Income Tax Return And Its Forms

Shivani 29 June 2023 at 17:31

An income tax return is a form that individuals, businesses, or other entities file with the government to report their income, deductions, and tax liabilities. It summarizes the financial information for a specific period, typically a year, and calculates the amount of tax owed or the refund due to the taxpayer.

Enhancing Clarity and Flexibility: Revised TCS Policy in India

CA. Heet Shah 29 June 2023 at 09:02

This write-up aims to outline the revised policy and highlight its impact on stakeholders by addressing their concerns.

Key Changes in ITR Forms for Filing Income Tax Returns: What Taxpayers Need to Know

Rashmi 28 June 2023 at 17:19

The income-tax return filing season is here, and taxpayers need to be aware of some changes in the ITR forms compared to last year.

Demystifying PAN Card: Significance, Online Application, Status Check and Updates

Ayush 26 June 2023 at 13:18

Permanent Account Number, is an essential identification number issued by the Income Tax Department of India. The Permanent Account Number (PAN) is a ten-digit alphanumeric code issued by the Income Tax Department.

Big Change for Consultants and Professionals: CBDT's New Form 10-IEA Enables Old Tax Regime Choice

Rashmi 23 June 2023 at 14:20

The CBDT notification, issued on June 21, 2023, outlines the procedure for consultants and professionals to follow if they want to stick with the old tax regime. They can fill out Form 10-IEA, which allows them to continue under the old tax regime and claim eligible tax exemptions and deductions.

Tax Deducted at Source: A Brief Analysis

Suhasini 22 June 2023 at 15:29

Tax Deducted at Source (TDS) is a system in which the person responsible for making certain payments deducts a specific amount of tax from the payment at the time of making it.

Decoding the Tax Dilemma: Listed Stock Trading Income as Capital Gain or PGBP?

Pranav R Begadi 20 June 2023 at 09:54

Dilemma of income taxpayers towards treating Listed Stock Trading income under the head of Capital gain or PGBP

Applicability of TCS on Foreign Travel

Samyak Jain 20 June 2023 at 08:56

Foreign Travel has always been a Middle-class Indian Family dream and now there is another rule to break the heart of such Indian Families as it is going to get a bit expensive.

How to file 10E in the new income tax portal?

Pranab Banerjee 17 June 2023 at 08:05

Filing income tax returns is an important responsibility for every income earner in India. It is a legal requirement to ensure that the government accurately assesses the tax liability of individuals and to prevent tax evasion. We discuss how to file Form 10E on the new income tax portal.