tax filing

If you are preparing for filing your income tax returns in India then you must be wondering which ITR form to use. The forms available are meant for different purposes so ensure that you understand your scenario first and then pick up which form to use. This year, the government has introduced the need toRead More

Some good news after all ! If you are salaried and have income less than 5 lakhs, your IT returns are no longer a necessity ! You might not be required to file an income tax return (ITR) provided you meet some conditions. It must be noted that the exemption from filing the income taxRead More

The income tax return filing season is finally upon us and you must be wondering what possibly could be the easiest way or some guidelines to filing your ITR form. At the same time, you might be having many questions like do you need to file your returns in the first place; whether you needRead More

What happens if you missed the income tax return (ITR) filing deadline of 31st July ? How can you ensure you still pay tax to the government without the law catching up with you ? While an assessee has paid advance tax and TDS (Tax Deducted at Source) by 31st March of every year, 31st July isRead More