Rectification of Mistake under Section 154 – Income Tax

Post author:Kanakkupillai
Post published:January 27, 2022
Post category:Income Tax Return Taxation

Income Tax - Rectification of Mistake under Section 154 During certain times, an order which was issued by the Assessing Officer or the AO may contain an error from time…

What Happens If You Miss Due Date For Filing Income Tax Returns?

Post author:Kanakkupillai
Post published:January 25, 2022
Post category:Income Tax Return Latest News

As a responsible citizen, it is your duty to file your income tax returns on time. However, sometimes life can get in the way, and you may miss the deadline.…

Why New Income Tax Regime Has Few Takers?

Post author:Kanakkupillai
Post published:January 24, 2022
Post category:Income Tax Return Taxation

Assessment year 2021-22 was the first-time taxpayers who chose the new, alternative tax regime established in the Budget of the year 2020 had to submit returns or ITRs under the…

Missed ITR Filing Deadline, Simply Save by Filing Your ITR before March 31

Post author:Kanakkupillai
Post published:January 24, 2022
Post category:Income Tax Return Taxation

Missed ITR Filing Deadline, Simply Save by Filing Your ITR before March 31 The extended due deadline for individuals to file income tax returns for the assessment year 2021-22, December…

The ICAI Writes to CBDT Asking to Waive the Penalty on Late Filing of Income Tax Audit Reports

Post author:Kanakkupillai
Post published:January 24, 2022
Post category:Income Tax Return Taxation

ICAI Writes to CBDT Asking to Waive Penalty on Late Filing of Income Tax Audit Reports The Institute of Chartered Accountants of India (ICAI), the country's biggest accounting organisation, has…

Taxation Laws of India – An Overview

Post author:Kanakkupillai
Post published:January 22, 2022
Post category:Income Tax Return Taxation

Taxation Laws of India – An Overview India is one of the fastest developing countries belonging to the continent of Asia. And is holding the potential to becomes one of…

How to E-Verify Your Income Tax Return?

Post author:Kanakkupillai
Post published:January 22, 2022
Post category:Income Tax Return

E-Verify Income Tax Return Filing income tax returns is a vital task for every taxpayer. Once you have filed your income tax return electronically, it is essential to e-verify it…

Notices provided Recently on Foreign Relief Disallowance or FCRA

Post author:Kanakkupillai
Post published:January 21, 2022
Post category:General

Notices provided Recently on Foreign Relief Dis-allowance or FCRA The FCRA licence is a compulsory and obligatory registration that allows an NGO or other non-profit organisation to receive the donations…

How to Compute TDS on Salary?

Post author:Kanakkupillai
Post published:January 21, 2022
Post category:TDS

How to Compute TDS on Salary? SECTION 192 TDS stands for Tax Deducted at Source from which the income is earned. TDS on salary basically refers to the tax deduction…

How can you file an ITR After the Due Date and Consequences

Post author:Kanakkupillai
Post published:January 21, 2022
Post category:Income Tax Return Taxation

How can you file an ITR After the Due Date and Consequences? Unless the assessment year is prolonged, taxpayers must file a return of their income generated in a financial…