Income tax (IT)

The XBRL filing process simplifies business reporting by providing a standardized electronic format for financial statements.

PAN 2.0 brings advanced features like QR codes, paperless processes, and improved security for a smoother, more efficient experience.

Learn all about Section 234B of the Income Tax Act, which deals with interest penalties for failing to pay or underpaying advance tax.

The ITR-5 form is designed for firms, LLPs, AOPs, BOIs, trusts, and other specified entities to file their income tax returns

Understand the difference between Assessment Year and Financial Year, two essential terms for accurate tax filing in India.

Section 80TTB provides senior citizens a tax break on interest income, helping reduce their taxable income.

Section 80TTA allows a Rs 10,000 tax deduction on interest from savings accounts in banks, cooperative societies, and post offices.

Claim tax relief on salary arrears and advances under Section 89. This guide covers eligibility, filing Form 10E, and steps to reduce your tax burden.

Section 234A covers interest on late tax filings. Understand the basics and avoid penalties!