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Ensure compliance by deducting TDS and filing Form 26QB when paying the property seller to avoid any penalty. Know more in detail....
If you've changed jobs and have multiple Form 16s in one financial year, you may end up paying higher taxes when filing your return....
There are currently seven different ITR forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Each taxpayer must file their ITR every year before the due date, which is July 31st. The specific form a taxpayer needs to use depends on their income sources, total...
All the residents and ordinary resident of India as per income tax act, HUF, NRIs (specifically those who Returned to India and now resident), Foreign Citizens (OCIs, PIOs, Others), who either returned back to India on permanent basis or come to India for a longer...
Last week a client of ours called to understand a few things on taxation, out of them one of the queries was on year-end tax saving declaration & investments....
With increased access to information and technology, the income tax department has become more active in sending tax notices and intimations to taxpayers. Upon receiving these notices, it's essential not to panic immediately. Some notices are merely for informational purposes, while others require your intervention...