Articles by Rashmi

Exploring Six Primary Types of Income Tax Notices for Salaried Individuals

Posted by Rashmi 17 August 2023 10987 Views

If you make a mistake on your filed Income Tax Return (ITR), the tax department can send you a notice. Basically, there are six main types of income tax notices that salaried individuals might receive

Unlocking Tax Compliance: Demystifying Updated Income Tax Returns

Posted by Rashmi 17 August 2023 3262 Views

Certainly! In an effort to encourage people to comply with tax regulations, the government introduced the concept of an "updated income tax return" as part of the 2022 Budget.

Can You Change Tax Regime When Filing Belated ITR from the Previous Year?

Posted by Rashmi 12 August 2023 2720 Views

Missing the initial deadline to file your Income Tax Return (ITR) for the fiscal year 2022-23 (Assessment Year 2023-24), which was July 31, 2023, need not cause undue concern. You can still submit your ITR after the original deadline by paying a penalty.

A Guide to Mastering Tax Deductions and Exemptions While Staying Compliant

Posted by Rashmi 11 August 2023 3768 Views

When you're filing your income tax return (ITR), it's crucial to be cautious while claiming tax exemptions and deductions. The tax department might ask for proof of the deductions and exemptions you've claimed in your ITR, both for the current year and past years. If you can provide the required evidence, there's no need to worry.

Speed Up Your Income Tax Refund: Simple Steps to Get Your Money Faster

Posted by Rashmi 08 August 2023 6304 Views

Receiving an income tax refund is like finding a little treasure in your mailbox, but the wait can be a test of patience. Luckily, there are practical ways to make the process quicker.

Be Cautious of Fake Income Tax Refund Messages: Protect Yourself from Scammers

Posted by Rashmi 05 August 2023 1114 Views

As the Income Tax Return filing deadline for non-audit cases for the assessment year 2023-24 has passed, many taxpayers have begun receiving their refunds after their returns have been processed by the tax department.

Recommendations of 51st GST Council Meeting

Posted by Rashmi 03 August 2023 4769 Views

In its recent 51st meeting, the GST Council proposed some important changes to the CGST Act 2017 and IGST Act 2017. These changes are aimed at bringing more clarity to the taxation of certain activities like casinos, horse racing, and online gaming.

Demystifying the Record-Breaking Surge in Income Tax Returns

Posted by Rashmi 02 August 2023 14688 Views

Record-Breaking Surge in Income Tax Returns: A Comprehensive Guide to Checking and Understanding Your ITR Status Online

Your Complete Guide to Filing Belated Income Tax Returns: Important Dates, Penalties and Benefits

Posted by Rashmi 01 August 2023 4852 Views

When you file a belated income tax return, you need to pay a late filing fee and penal interest on any taxes you owe. Here's what you need to know about filing a belated income tax return in simple English.

File Income Tax Return Even if PAN is Inoperative - A Guide

Posted by Rashmi 31 July 2023 7230 Views

According to the Income Tax Department, if you forgot to link your PAN with Aadhaar by June 30, 2023, you can still file your income tax return. The last date to file ITR for individuals not requiring audit for FY 2022-23 (AY 2023-24) is July 31, 2023.