How to File ITR online for Salaried Employees
As per the Income Tax laws, any individual whose primary source of income is salary has to file Income Tax Return-1 or ITR-1 form, commonly known as SAHAJ form.
Income Tax
Important Due Dates for Various Compliances in March, 2021
The month of March is the last month of the financial year. To give taxpayers one last time opportunity, various departments have also extended the due dates and the last …
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Tax Saving Fixed Deposit : 12 Things you should know
Fixed Deposits (for short: FD) is a tax saving instrument offered by banks as well as Non Banking Financial Companies to its customers/depositors. These deposits usually provide a higher rate …
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How to register on TRACES (TDS)?
TDS Reconciliation Analysis and Correction Enabling System, commonly known as TRACES is an online portal of Income Tax Department, which shows the entire details of Tax Deducted at Source (TDS) …
Know about Clubbing of Income of Husband & Wife
Clubbing of income, as the name suggests is the income of one person is clubbed with the income of the another person. Many of the persons think that if they …
Documents required to Update PAN Card Details
PAN Card holds an important role not just in filing of Income Tax Returns but for other purposes as well. Read this blog to know documents required required to update …
Know Steps to Update Details on PAN Card
The PAN Card details can be updated through filling of Form 49A. This can be done through process online or offline procedure. There are two PAN issuing authorities in India …
TDS on Purchase of Goods under Section 194Q
The Union Budget of 2021-2022 was presented by our Finance Minister Nirmala Sitharaman on February 1, 2021. This budget is one of its own kind as this budget is the …
Know These Differences between Current & Faceless Assessment Scheme
With a vision of Atma Nirbhar Bharat, our Prime Minister Narendra Modi had announced the Faceless Assessment Scheme – Honouring the Honest last year in August. Through this scheme, all …
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Pay Double TDS on Non-Filing of ITR
In order to prevent tax evasion and keep a track record of the persons filing Income Tax Return, the Income Tax Act is amended time and again by the legislature. …