Articles by Soumya Laha

Income Tax E-filing 2.0 New Portal - A bunch of problems & Few solutions

Posted by Soumya Laha 16 June 2021 14524 Views

The Income Tax Department has totally disappointed us after launching the new E-filing 2.0 website. Some issues and observations regarding the New Portal have been highlighted in this article.

TDS deducted? Be careful if you are filing ITR only with Form 26AS

Posted by Soumya Laha 29 April 2021 18907 Views

If a taxpayer files TDS details in ITR only with Form 26AS details before 31st May, then there is a chance of mistakes. Thus, it is important to wait for Form 16 or Form 16A certificates.

Company Dividend is Taxable from FY 2020-21 but What about Mutual Fund Dividend?

Posted by Soumya Laha 30 March 2021 5201 Views

There are very few clarifications regarding Mutual Fund Dividend Exemption under section 10(35). Is it still available or not? Let's read and understand with official links.

Income Tax Deductions FY 2020-21 / AY 2021-22

Posted by Soumya Laha 23 March 2021 21937 Views

Discussing Income Tax Deductions u/s 80C, 80CCC, 80CCD(1), 80CCD(1b), 80D, 80E, 80EE, 80EEB, 80G, 80GG, 80GGC, 80TTA, 80TTB, 24(b), and 87A that are applicable for FY 2020-21.

GST Rates with HSN code on Household Electrical Devices & Appliances

Posted by Soumya Laha 22 March 2021 24861 Views

Generally there are four rates such as 5%, 12%, 18% & 28% under GST. Also there are Zero rated, Nil rated and Exempted category under GST.

ITR Processed but Refund Failed - What to do?

Posted by Soumya Laha 12 February 2021 13186 Views

'Your refund has failed, please raise a Refund Reissue Request', if you get this kind of email or sms after receiving ITR Processing Intimation u/s 143(1) then you need to follow just 2 simple steps to get you Income Tax refund.

When will CPC start to process Income Tax Returns for FY 19-20 / AY 20-21 and give Refund? Here is the answer

Posted by Soumya Laha 02 December 2020 22801 Views

CPC has started to process Income Tax Returns from 23rd November 2020. So, if you filed and verified your ITR successfully, your ITR will be processed soon.

Changes in ITR-5 for AY 2020-21

Posted by Soumya Laha 06 June 2020 15855 Views

Changes in ITR-5 for AY 2020-21

Tax Audit u/s 44AB limit increased upto 5 Cr. w.e.f. AY 20-21- Is it applicable to all businesses?

Posted by Soumya Laha 20 February 2020 47160 Views

Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.

How to Reset Your Income Tax E-filing Password? - If unable to reset through forgot password options.

Posted by Soumya Laha 30 January 2020 9359 Views

Resetting Income tax e-filing password is not so difficult for a taxpayer but it becomes difficult when the mobile no. and email id. is not belongs to the taxpayer.