Income tax (IT)

Important changes in income tax rules In this post, we'll talk about the 7 important changes in income tax rules effective from April 1, 2022. In that, we will discuss the following changes in detail: Crypto tax IT Return: Filing an

Form ITR-U ( Income tax updated return) - Latest updates In this post, we'll talk about Form ITR-U, including its eligibility, deadline and other important points. Where we will take a close look at each section in detail: What is ITR-U?

Form 61A - A complete guide In this post, we'll talk about including its application, deadline, penalty, and other points. Where we will take a close look at each section in detail:What is Form 61A?Who has to file Form 61A?ApplicabilitySpecified Financial

Tax collected at source in income tax In this post, we will look into Tax collected at source (TCS), Meaning, Due Date, Penalty and other TCS related concepts: We will cover the following topics: What is TCS? Meaning of TCS Goods covered

Children Education Allowance Exemption Hello, in this post we will discuss the Children Education Allowance - eligibility, and tax benefits, in which we will look into the following in detail: Children Education Allowance Eligibility Requirements of the Children Children Education Allowance

A comparison of the new ITR forms In this post, we will discuss the newly declared Income Tax Return (ITR) forms ITR-1 to ITR-7 for the assessment year 2022-23 for filing the return of income earned in the financial year 2021-22.

In this post, we will discuss the Cost Inflation Index for FY 2020-21 or AY 2021-22. You can also download a PDF version of the inflation rates.

In this post, we will look into Income Tax due dates for FY 2020-21 (AY 2021-22). ITR filing is the procedure where taxpayers report their total earnings for an FY.

Income tax e-payment procedure Hello, in this post we will discuss the Income Tax e-payment procedure with Challan ITNS 280. We will cover the following: Introduction Payment due date Interest Applicability Modes of Income-tax Payment History of Income tax payment Prerequisites for making Income tax e-payment Points to

In this post, we will take a look at the step-by-step ITR Filing process with or without a digital signature. Also, we have discussed paper return filing.