https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-e-verification/article67052720.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-e-verification/article67052720.ece Verification of return is an essential step to complete the ITR filing process Balaji and Rohit catch up after a long while.
Category: Income Tax
Income Tax Return Revision Time Limit: Can you revise ITR for AY 2022-23 now? | The Financial Express
https://www.financialexpress.com/money/income-tax/income-tax-return-revision-time-limit-can-you-revise-itr-for-ay-2022-23-now/3156435/ Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-revision-time-limit-can-you-revise-itr-for-ay-2022-23-now/3156435/ Income Tax Return revision time limit and rules 2023: An updated return can be filed within 24 months from the end of
https://www.business-standard.com/finance/personal-finance/report-crypto-earnings-accurately-to-avoid-mismatch-during-verification-123070400597_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/report-crypto-earnings-accurately-to-avoid-mismatch-during-verification-123070400597_1.html New tax forms also require accurate reporting of income from intraday trading and retirement benefit accounts Every year some changes are made
ITR-2: How to file ITR-2 online with salary, capital gains and other incomes for FY 2022-23 – The Economic Times
https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-online-with-salary-capital-gains-and-other-incomes-for-fy-2022-23/articleshow/101457726.cms Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-online-with-salary-capital-gains-and-other-incomes-for-fy-2022-23/articleshow/101457726.cms Synopsis Read below to find out how income tax return form ITR-2 can be filed online for people with salary, capital gains
income from deemed house: How to calculate deemed rental income from vacant house properties – The Economic Times
https://economictimes.indiatimes.com/wealth/tax/how-to-calculate-deemed-rental-income-from-vacant-house-properties/articleshow/101447054.cms Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-calculate-deemed-rental-income-from-vacant-house-properties/articleshow/101447054.cms Synopsis If someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will
👍👍👍👍👍👍👍Capital Gains Exemptions [Section 10(37), 54, 54B, 54D]
https://taxguru.in/income-tax/capital-gains-exemptions-section-1037-54-54b-54d.html Clipped from: https://taxguru.in/income-tax/capital-gains-exemptions-section-1037-54-54b-54d.html Introduction: Since we receive greater income due to capital gains, we must pay more tax during that year. The income tax department
FinMin clarifies on TCS for LRS – The Hindu BusinessLine
https://www.thehindubusinessline.com/todays-paper/tp-economy/finance-ministry-guidelines-explain-what-is-included-for-tax-levy-in-remittances-sent-abroad/article67028741.ece Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-economy/finance-ministry-guidelines-explain-what-is-included-for-tax-levy-in-remittances-sent-abroad/article67028741.ece Tax collected at source (TCS) applicable under the Liberalised Remittance Scheme (LRS) triggered apprehensions. Finance Ministry guidelines aim to offer clarity Education
👍👍👍👍👍Filing your Income Tax returns? Know key changes in ITR for assessment year 2023-24
https://www.business-standard.com/finance/personal-finance/filing-your-returns-know-key-changes-in-itr-for-assessment-year-2023-24-123063000286_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/filing-your-returns-know-key-changes-in-itr-for-assessment-year-2023-24-123063000286_1.html A new disclosure has been added for ‘Income from retirement benefit accounts’. Disclosure is required to be made about the taxable income
Understanding Presumptive Taxation: Benefits and Applicability in India
https://taxguru.in/income-tax/understanding-presumptive-taxation-benefits-india.html Clipped from: https://taxguru.in/income-tax/understanding-presumptive-taxation-benefits-india.html Introduction: In simple words, presumptive means likely but not certain, so while computing presumptive taxation, the government does not expect certain amounts,
Presumptive Taxation Scheme: Meaning, Eligibility & Implications – Explained
https://taxguru.in/income-tax/presumptive-taxation-scheme-faqs.html Clipped from: https://taxguru.in/income-tax/presumptive-taxation-scheme-faqs.html The presumptive taxation scheme, governed by various sections of the Income-tax Act, provides a simplified method for calculating income for eligible taxpayers.
Master Guide on Filing Income Tax Return: Everything You Need to Know
https://taxguru.in/income-tax/faqs-on-filing-the-return-of-income.html Clipped from: https://taxguru.in/income-tax/faqs-on-filing-the-return-of-income.html Article explains benefits of filing your return of income and why fulfilling our duty as a taxpayer is crucial. Filing income tax
👍👍👍👍👍👍👍Master Guide on Filing Income Tax Return: Everything You Need to Know
https://taxguru.in/income-tax/faqs-on-filing-the-return-of-income.html Clipped from: https://taxguru.in/income-tax/faqs-on-filing-the-return-of-income.html Article explains benefits of filing your return of income and why fulfilling our duty as a taxpayer is crucial. Filing income tax
👍👍👍👍👍👍👍Understanding Presumptive Taxation: Benefits and Applicability in India
https://taxguru.in/income-tax/understanding-presumptive-taxation-benefits-india.html Clipped from: https://taxguru.in/income-tax/understanding-presumptive-taxation-benefits-india.html Introduction: In simple words, presumptive means likely but not certain, so while computing presumptive taxation, the government does not expect certain amounts,
👍👍👍👍👍👍👍Clubbing of Income under Income Tax Act, 1961 with FAQs
Read more at: https://taxguru.in/income-tax/clubbing-of-income-under-the-income-tax-act-1961.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/clubbing-of-income-under-the-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/clubbing-of-income-under-the-income-tax-act-1961.html Article explains Provisions related to Clubbing of Income with relevant FAQs explaining Clubbing in the case of
Mandatory e-Filing of Appeals before ITAT: Important Update
https://taxguru.in/income-tax/mandatory-e-filing-appeals-itat-important-update.html Clipped from: https://taxguru.in/income-tax/mandatory-e-filing-appeals-itat-important-update.html Supreme Court of India has recently issued an order requiring all revenue appeals before the Income Tax Appellate Tribunal (ITAT) to be
All about PAN and Aadhaar number linking
https://taxguru.in/income-tax/pan-aadhaar-number-linking.html Clipped from: https://taxguru.in/income-tax/pan-aadhaar-number-linking.html As per CBDT circular F. No. 370142/14/22-TPL dated on 30th March 2022, every person who has been allotted a PAN as on 1st
TCS on foreign remittances: FinMin evaluates issues flagged by banks
https://www.business-standard.com/economy/news/tcs-on-foreign-remittances-finmin-evaluates-issues-flagged-by-banks-123062701023_1.html Clipped from: https://www.business-standard.com/economy/news/tcs-on-foreign-remittances-finmin-evaluates-issues-flagged-by-banks-123062701023_1.html July 1 deadline extension not ruled out Banks Listen to This Article The finance ministry is “evaluating” the issues related to the
👍👍👍👍👍👍👍Tax on capital gains arising from shares, land and buildings
https://taxguru.in/income-tax/tax-capital-gains-arising-shares-land-buildings.html Clipped from: https://taxguru.in/income-tax/tax-capital-gains-arising-shares-land-buildings.html Introduction: Capital gain plays a key role in income tax because, where slab rates are not applied, a fixed rate is applicable