A date for filing Income Tax return is nearby. You must be ready with all necessary documents for filing Income tax return. ITR filing is an important exercise and as a taxpayer, you have to be cautious while filing income tax returns. Here is a list of common mistake which taxpayer is likely to make. This year is special when it comes to Income tax. Almost all bank accounts and PAN cards are linked with Aadhaar and rigorous monitoring is […]
This year Income Tax return filing has become slightly complicated. The government of India has made several changes related to Income tax and ITR. All these changes are made recently. So, if you are waiting untill last minute for filing your ITR, time has come to wake up and act fast. Here are 7 new Income Tax changes done by the government recently. 7 Income Tax Changes 1. ITR is mandatory in case exempted income is crossing basic tax exemption […]
Now you can put up a request to authorize another person to act on your behalf with respect to Income tax return filing and operating your e-filing account. This facility is exclusively given to the people for whom it is not possible to act on their own due to reasons such as absent from India, Non-resident or any other reason. This facility is available for both individuals and for a firm. Step by step process to add another person as […]
Imagine how good it is if Income Tax is abolished in India? No tax means more money to every individual. You must be thinking is it a joke or what? Well, it is not a joke. No income tax in India is expected to be Modi’s next move. After demonetization of old high denomination notes, the government is expected to roll out next economic reforms and No Income tax could be one of them. Let’s discuss how this dream can […]
It’s time to file income tax return and you must be preparing for the same. Before you go ahead and file your income tax return, here is few important points which you should consider. 25 Points to consider before filing Income Tax Return This year onwards you will be able to e-verify your income tax return using electronic verification code (EVC). Last date of Filing of Income Tax Return is extended up to 31 August 2015 for the assessment year […]