Clipped from: https://www.business-standard.com/article/pf/legal-heir-bound-by-law-to-file-deceased-s-tax-return-for-year-of-death-122071900994_1.html Failure to do so can result in penalties for the legal heir Photo: Shutterstock A person with a total income exceeding the basic
Category: Income Tax
ITR 2021-22: Using the Demat account to verify your income tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-using-the-demat-account-to-verify-your-income-tax-return-122072000224_1.html Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid The income tax department
*******FAQ’s on AIS (Annual Information Statement)–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/faqs-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form
Tax Talk: Know when income tax return form ITR-1 is not for you | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-know-when-income-tax-return-form-itr-1-is-not-for-you/2599307/ If an assessee uses the wrong ITR form, the return file will be considered a defective return and may trigger an I-T notice.
income tax notice: You may end up getting income tax notice if this document is filled with error – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-may-end-up-getting-income-tax-notice-if-this-document-is-filled-with-error/articleshow/92702351.cms Synopsis In November 2021, the income tax department has launched the AIS. It may happen that you have forgotten to check it before
*******Income Tax Return: Which ITR Form to choose? Simply check your sources of income | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-return-which-itr-form-to-choose-simply-check-your-sources-of-income/2597741/?ref=Must_Read While there are many conditions involved in deciding a Form for filing return, the main indicators are however the sources of income. As
*****ITR 2021-22: List of transactions needed to furnish your tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-list-of-transactions-needed-to-furnish-your-tax-return-122071800288_1.html There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice
*******करावे कर-समाधान : इमारतीचा पुनर्विकास आणि प्राप्तिकर | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant/redevelopment-of-building-and-income-tax-maintenance-redevelopment-project-selling-at-market-price-amy-95-3026005/ शहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. प्रवीण देशपांडेशहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. तसेच नवीन
How to file ITR-2 online with salary income, capital gains for FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/how-to-file-itr-2-online-with-salary-income-capital-gains-for-fy22-122071501130_1.html Individual taxpayers not having business or professional income can use this form for Income Tax Returns Photo: Shutterstock Filing Income Tax Returns (ITRs) is both
ITR 2021-22: These high-value transactions must be declared in your return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-these-high-value-transactions-must-be-declared-in-your-return-122071500205_1.html Such transactions attract special attention from the income tax (I-T) department and are mandatory to be furnished. If not, they may lead to
ITR filing: 9-point checklist to help you file your income tax return within 30 mins – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-9-point-checklist-to-help-you-file-your-income-tax-return-within-30-mins/articleshow/92905428.cms Synopsis These nine steps will help you prepare your tax return and ensure a smooth filing. As the last date for filing tax returns approaches,
*Annual Information Statement (AIS) – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-annual-information-statement-ais/article65639111.ece Ravi and Teja meet at their snooker club and during the game an interesting conversation related to income tax filing follows. Ravi: I think
*Tax Query: How land owner calculates gain in case of joint development? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-land-owner-calculates-gain-in-case-of-joint-development/article65640739.ece Section 45(5A) provides for determination of capital gains where land and building are sold together under a specified agreement Joint development of vacant
*****De-tax: Things to note for ensuring a defect-free ITR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/de-tax-things-to-note-for-ensuring-a-defect-free-itr/article65640446.ece Taxpayers should be aware of key disclosure norms to shield themselves from consequences of any default As most individual taxpayers approach the income-tax
ITR 2021-22: These high-value transactions must be declared in your return | Business Standard News
lipped from: https://www.business-standard.com/article/pf/itr-2021-22-these-high-value-transactions-must-be-declared-in-your-return-122071500205_1.html Such transactions attract special attention from the income tax (I-T) department and are mandatory to be furnished. If not, they may lead to
*******It’s prudent to file nil ITR even if your income is below Rs 2.5 lakh | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/it-s-prudent-to-file-nil-itr-even-if-your-income-is-below-rs-2-5-lakh-122071401035_1.html Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa If an ordinarily resident taxpayer has
*******How to file taxes for minors | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/how-to-file-taxes-for-minors-1113627.html When it comes to filing the tax, a minor can also file, if their earning amount is over Rs 1,500 monthly Representative image.
ITR 2 Online Filing: How to file ITR-2 online with salary income, capital gains and other incomes for FY 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-online-with-salary-income-capital-gains-and-other-incomes-for-fy-2021-22/articleshow/92763548.cms Synopsis An individual taxpayer is required to select the correct income tax return form based on the sources of his/her income. Though ITR-1
*****How to deal with capital gains from equity mutual funds? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-how-to-deal-with-capital-gains-from-equity-mutual-funds/2592000/ Things have become difficult for the investors investing in equities after reintroduction of tax on long-term capital gain (LTCG) from equities. Apart from
*****Income Tax Return filing salaried employees AY 2022-23: Section 80C deductions on which benefits apply | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-salaried-employees-ay-2022-23-section-80c-deductions-on-which-benefits-apply/2591639/ The Income Tax Return (ITR) deadline for AY 2022-23 or FY 2021-22 is July 31 for salaried employees whose accounts don’t need to
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