Articles by Mitali

View Full Profile

How to file ITR in offline mode

Mitali 13 May 2023 at 14:16

To file Income Tax Returns (ITRs) offline, taxpayers must use the Offline Utility provided by the Income Tax Department. This utility allows users to generate a JSON file containing the necessary information and details of their ITR.

Posted in Income Tax | 2 comments | 2031 Views

How To Tackle Challenges in GST Litigation

Mitali 28 April 2023 at 13:01

GST litigation refers to legal disputes or cases related to Goods and Services Tax (GST) between taxpayers and the tax authorities. These disputes may arise due to issues such as incorrect tax calculations, improper classification of goods or services, or non-compliance with GST regulations.

Posted in GST | 3441 Views

Form 15G and Form 15H: Save TDS on Interest Income

Mitali 27 April 2023 at 16:55

Form 15G and Form 15H are self-declaration forms that can be submitted by individuals to their banks or financial institutions to request exemption from tax deduction at source (TDS) on interest income earned from fixed deposits, recurring deposits, and other investments.

Posted in Income Tax | 7353 Views

TDS Rate Chart for FY 2023-24

Mitali 24 March 2023 at 14:03

TDS is applicable to various types of payments such as salaries, interest, rent, commission, professional fees, etc. The rate of TDS varies depending on the type of payment and the status of the recipient.

Posted in Income Tax | 5 comments | 73326 Views

How to Link PAN Card with Aadhaar Number?

Mitali 09 March 2023 at 13:54

The deadline to link Aadhaar with PAN has been extended several times in the past, and the latest deadline is March 31, 2023. If an individual fails to link their Aadhaar with their PAN by the deadline, their PAN card will become inoperative from April 1, 2023.

Posted in Income Tax | 2 comments | 23280 Views

Section 44AB: Applicability of Tax Audit & Penalty

Mitali 03 March 2023 at 12:58

What is tax audit?The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various types of audits prescribed unde..

Posted in Income Tax | 3 comments | 8472 Views

Bank Reconciliation Statement With An Example

Mitali 14 February 2023 at 16:01

Bank Reconciliation Statement is a statement prepared mainly to reconcile the difference between the 'Bank Balance' as shown by the Cash Book and the 'Bank Balance' shown by the Bank Pass Book.

Posted in Income Tax | 2 comments | 4878 Views

Section 194H: TDS on Commission or brokerage

Mitali 31 January 2023 at 11:52

Section 194H of the Income Tax Act governs the taxation of commission or brokerage. According to this section, any person responsible for paying to any income by way of commission or brokerage shall deduct tax at source of such income.

Posted in Income Tax | 4719 Views

Missed filing ITR? File belated ITR for FY 2021-22 by 31st Dec

Mitali 28 December 2022 at 16:00

Income Tax Return is a form that individuals and businesses are required to file with the Income Tax Department. The purpose of ITR is to report the income earned during a financial year and pay taxes on it.

Posted in Income Tax | 7491 Views