Income Tax Return (Audit)
Due date for filing of Income Tax Return for persons whose books of accounts are to be audited is 15th March, 2022
ITR
Can I file Income Tax Return after 31st December 2021?
Oh no! You missed the deadline of filing Income Tax Return by 31st December, 2021 and now you are worried as to what to do next? Don’t worry, even if …
Can I file Income Tax Return after 31st December 2021? Read More »
Income Tax Return
Due date for filing of Income Tax Return for normal taxpayers or individuals is 31st December, 2021. Get your ITR filed by TaxHelpdesk experts.
Income Tax Return (Section 92E)
Income Tax Return for the assessment year 2021-22 in the case of an assessee if he/it is required to submit a report under section 92E
Income Tax Return (AY 2020-21)
Filing of belated/revised Income Tax Return of income for the assessment year 2020-21 for all assessee is 31st May, 2021
International or specified domestic transaction
Due date for Income Tax Return for Assessment Year 2021-22 under section 92E pertaining to international or specified domestic transactions
Deductions on Interest on Deposits in Savings Account: Section 80TTA
Section 80TTA of the Act provides deduction on the interest earned on the savings account with a bank / cooperative society / post office. In other words, the deduction is allowed only on interest earned on savings account and not on interest earned or fixed deposits / timed deposits.
Section 80G: Deductions on Donations
Section 80G of the Income Tax Act provides deductions on the amount contributed to charitable institutions or specified trusts..
Meaning, Types, Treatment of Dearness Allowance
Dearness Allowance or D.A. essentially is considered to be as a component of salary, which is some fixed percentage of the basic salary. It is provided to the central government/public sector employees to bear with the consequences of inflation. Furthermore, the D.A varies from place to place and sector in which the employee is employed.
know Tax benefits on health insurance and medical expenditure
In these unprecedented times, we all have realised that ‘Our Health is Our Wealth’ and in order to keep us protected from these uncertain times, we have taken every possible measure to meet the medical expenditures, if needed. Further, to promote health planning and well being of the people, Section 80D of the Income Tax Act was introduced by the legislature. This section allows deductions on the health insurance and medical expenditures incurred by the persons. Through this, double benefits are provided to persons – one to the policy holder or his family members and the other is tax benefit to the person.