Taxation

In this article we will discuss and explain in detail about how to download ITR Acknowledgement from the Income Tax Website. But before we proceed further, let us understand what is ITR Acknowledgement? ITR Acknowledgement is the proof of filing the Income Tax Return by any person. ITR Acknowledgement is required to be submitted to … Read more

Lot of people want to know the Income Tax Return Filing Due Date. People often make inquiries from the Chartered Accountants and Tax Consultants to know about the due date for filing the Income Tax Return. Some of the questions frequently asked by people are listed below: After considering all these questions, we will discuss … Read more

Before we discuss about Who Is Not Required To File Income Tax Return, let us first Understand about who is required to file income tax return mandatorily under the Income Tax Act,1961 Requirement of Filing the Income Tax Return: All categories of Assesses including Individuals, HUF, Firms and Body Corporates are required to file their … Read more

People are always looking for investment which not only offers good returns, but also provide some tax benefit also. Most common question asked by most of the people is- Which Section Offers Tax Rebate To Investors In Mutual Fund? Most of the people make investment in stock market directly and get good returns on their … Read more

People often ask whether they can pay income tax using credit card. It happens many times that when the tax payment due date arrives, then people face liquidity problem and due to non-availability of cash in their Bank Account, they find it very difficult to deposit the income tax on time. Now when the Government … Read more

There are several benefits and exemptions available under the Income Tax Act,1961 in respect of Home Loans.. People often ask from the Tax Consultants and Chartered Accountants about the Home Loan Tax Benefits. We are going to discuss and explain the Home Loan Tax Benefits in this article in a very simple manner. Other related … Read more

People often ask this very common question from their CAs and Tax Consultants-Is share market income taxable of tax free. Here is the answer

You are required to pay income tax if your income is beyond the threshold prescribed under the Income Tax Act,1961. It is also possible to claim certain deductions and exemptions from the total taxable income. But if the balance income after allowing all the permissible deductions is still taxable, then you have to pay the … Read more

Last date to file ITR for Financial Year 2021-22 is fast approaching. Belated and Revised Income Tax Returns for the Financial Year 2021-22(Assessment Year 2022-23) can be filed by 31st December 2022 for all types of Assesses. All categories of Assesses including Individuals, HUF, Firms and Body Corporates may please note that only few days are left … Read more

People often ask this question from the Tax Consultants and Chartered Accountants that what is the tax free salary in india? The answer to this question is that if your annual salary income is up to Rs.5,50,000 then you are not required to pay any income tax on the same. How we can get tax … Read more