Click here to know more about Income Tax Deduction available under Section 80C to 80U of the Income Tax Act for AY 2018-19, AY 2019-20, AY 2017-16. Save your taxes now!
Every time you file Income Tax Return (ITR) you need to verify it otherwise the ITR will become invalid. This guide includes the procedure of e verification as well as offline verification.
Have you filed your Income Tax Returns? Know more before you file. Read our complete guide to filing income tax returns today!
New Form 16 applicable for FY 2018-19. Detailed guide on what is Form 16? How does it works? Who issues Form 16? Difference between Form 16 & 26AS
Read our complete guide on Permanent Account Number (PAN). Apply for a new PAN card now to file your returns for F.Y. 2018-19 on time!
Income tax slabs change every year! Know the current slabs to calculate your tax payable. You can get the assistance of our e-CAs for easy filing of your returns
Read our free guide on Rent Receipts and learn how to claim maximum HRA exemption while calculating tax liability for salaried persons.
It is compulsory to file ITR-1 (SAHAJ) Form by taxpayers who receive salary, pension and has income from house property. Learn more about the ITR-1 form here!
Got a Notice from the Income Tax Department? Learn more about the various Income Tax Notices & how to respond to the same. Need help? Contact us today!
Income Tax Notice u/s 143-(1) is a Happy News from the Income Tax Department! Click here to find out more. Contact us for CA assisted tax filing.
Learn more about Income Tax Notice u/s 139-(9). We, at Tax2win, can help you respond to this intimation. Get in touch with our experts today!
It is now compulsory to link your PAN with Aadhaar card. Tax2win once again extends its services for free in support of this Government Initiative.
The Income Tax Department provides the facility of verifying Income Tax Return offline also.Want to know the step-by-step process to physically verify your ITR? Well, then you are at the right place. This guide will explain you each and everything which y
You can easily e-verify your ITR through Aadhaar OTP. It is one of the quickest methods for verification. However, to verify through aadhaar, your mobile number must be linked to Aadhaar and registered in the Unique Identification Authority of India (UIDA
E-Verify your Income Tax Return in a more secure way. Just read the simple steps and know how to e-verify your Income Tax Return using DSC (Digital Signature Certificate).
You can e-verify your ITR by just signing in your Net banking account. However, to avail this facility, your bank should be approved by the Income Tax Department and you should have an active Net Banking service.
Want to know how to e-verify your ITR through SBI net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through HDFC net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through ICICI net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Axis net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Kotak Mahindra Bank net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Yes net banking? Then you are just a click away from a step by step guide of e-verification.
For a hassle-free experience, you can verify your ITR through ATM facility. Want to know how to generate EVC for e verification through ATM. Just Click here.
Just click here to read the step by step procedure of e-verifying the income tax return through bank account number. However, to avail this facility, first you need to prevalidate your bank account.
The process of e-verifying your ITR with DEMAT Account is same as with Bank Account. Just need to read the steps and you are done with it.
Which ITR form is applicable on you? Complete guide on the new ITR forms released by CBDT for the FY 2017-18 (AY 2018-19) for e-filing your Income Tax Return.
Get the latest information on ITR filing for individuals. This guide will help you file tax returns accurately. Refer to the detailed guide here
Income tax notice u/s 142(1) is sent if you have not filed the return or if the returns are incomplete. Contact us today for ease in filing returns!
Received a Notice from the Income Tax Department for Scrutiny assessment or detailed assessment u/s 143(3)? We have the solution. Click here!
Notice u/s 156 is issued by the Income Tax Department in demand of tax payable, interest or penalty. Click here to find out more and to contact us today.
(PMSBY) Pradhan Mantri Suraksha Bima Yojana introduced in 2015 with the objective to provide death and permanent disability coverage to the insured and nominee. Know the enrollment process, form, benefits etc
(RSBY) Rashtriya Swasthya Bima Yojana launched on 1st April, 2008 is a health insurance scheme for meeting the healthcare requirements of the poor people. Know the enrollment process, form, benefits etc
Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by Prime minister of India and bank accounts were opened in volume. Know the scheme benefits, features and objectives.
Forgot your password to the e-filing website? Here is our step-by-step guide to help you reset your password to the e-filing website. Content us for further assistance.
What is Form 15G and Form 15H? Find out more and how you can save TDS on Interest Income by filing form 15G and 15H. Read the Tax2win guide now!
Want to register on the Income Tax website? All you need is your PAN Card, Aadhaar Card, mobile number and a few simple details. Click on the Tax2win guide to register today!
Know the basics of Income Tax before filing your returns. Here is a complete guide on Income Tax, such as Assessment Year, Types of ITR, Form 16, TDS etc.
Haven't filed your Tax Returns yet? Learn how to e-file tax returns, check refund status & other tax utilities. Contact us for assistance in filing your returns today!
Income tax department sends notice u/s 245 for reducing tax refund by adjusting pending tax from refund. Click here to know more!
New Section 234F, added under the Income Tax Act as a part of Budget 2017, imposes fees and penalties for late filing of ITR. Click here to know more!
Know all about the tax saving benefits available under the Income Tax Act for F.Y. 2019-20 (A.Y.2020-21) available for home buyers with and without home loans.
What is Form 26AS? What is the use of Form 26AS? How can I view Form 26AS using TRACES, . All your queries related to Form 26AS answered right here!
Form 60: As per Income Tax Act, PAN is required in various documents or while entering into various transactions. Well, Form 60 comes to the rescue of all such persons who dont have PAN. Lets have an in-depth analysis of this Form.
Updated Income Tax Calendar for F.Y. 2019-20 (A.Y. 2020-21). Know all the month wise important due dates for Deducting or collecting taxes etc.
Know when Income Tax for NRIs is applicable. The Tax Rates, income which needs to be taxed, income tax forms applicable, Due Date of filing ITR etc
If the tax-payer is a disabled individual, he/she can claim a deduction under Section 80U.Know the eligibility, meaning, deduction amount, purpose and conditions attached.
All your queries related to sec 80G like; 80G exemption list, 80G deduction calculation, 80G deduction for AY 2018-19, answered in one place. Visit now!
Click here to know the Aadhaar Card, Aadhar card number, difference between Aadhaar, e-aadhaar and m-aadhaar,use of aadhaar card etc
Read about Three accounting golden rules - Real a/c, Nominal A/c,Personal A/c. Examples on all three golden rules of accounting, debit and credit principles
You have heard a lot about Form 16A but never got a chance to understand in properly? Just click on the link and know everything about Form 16A.
Capital gain tax,Types of capital gain,Types of Capital Asset,Long Term Capital Gains,Short Term Capital Gains,Capital Gains on sale of property,Calculation
Section 80GG helps self-employed/salaried individual or HUF to claim a deduction against the rent paid if they are not receiving any HRA.
Read & learn how you can file ITR for FREE FY 2017-18 (AY 2018-19). File Income Tax Return before due date & avoid Sec 234F penalty.
The last date to file income tax return is 31st July. Know how to fill income from other sources detail in ITR 1 form Sahaj FY 2017-18.
No Change in 80C limit by Budget 2019. What is Sec 80C? What comes under Sec 80C? What is 80C deduction limit? Read this detailed guide for all your queries
e-proceedings digital platform, benefits, Intimation under Prima-Facie Adjustments under section 143 (1) (a), respond to intimations, notices etc.
Form 26AS is a consolidated annual statement containing information about the tax credit of an individual and is issued to the PAN holders. Know more here
Income Tax provisions for Self Employed file ITR 3 or ITR 4 for presumtive taxation under section 44AD etc. Know about the tax rates, due dates etc.
Income Tax deduction under sec 80D for Medical Insurance.Read FAQ on Medical expenditure,preventive health checkup for AY 2018-19, AY 2019-20 & AY 2020-21
Click here to know Section 194IA-TDS on Payment on Transfer of Immovable Property (Not Being an Agricultural Land), requirement, rate & time etc.
Budget 2019:limit increased to 40000.What is 194 &194A TDS on Dividends TDS on interest(other than securities) of income tax.Requirement,Tax Rate,Limits,etc
Relief u/s 89- An employee may receive any arrear or advance salary or salary for more than 12 months etc. then, employee might have to pay higher taxes.
Senior Citizen Saving Scheme (SCSS), eligibility, investment limit, process to open an account under the scheme, documents required, tax exemptions etc.
Click here to know the Section 195- TDS on Other Payments Made to NR (Individual) or Foreign Company, requirement, exception, rate & time etc.
Click here to the Section 194J-TDS on Fees for Professional or Technical Services, requirement,section 28(va),rate & time of deduction,exception etc.
Income tax act provides deduction of interest paid on home loan under Section 24. Provides provision if any house is acquired, constructed using borrowed capital.
CBDT has issued excel utility for Indian Income Tax Return Form ITR 4- Sugam on 09.04.2019. Know who can file and the step by step process of filing ITR 4.
Rectify your Income Tax return & maximize your benefits u/s 154. Detailed guide on grounds necessary for requesting rectification to the Income Tax Department.
click here to know what is Section 193 -TDS on interest on securities,who is required to deduct TDS, tax rate, deduction u/s 193, penalty,exceptions allowed
click here to know Section 194C-TDS on Payment to Contractors,who is required to deduct,specified person,contractor,special rules by government,rate & time.
What is ULIP?Best ULIP, benefits, tax saving, features, different plans and lot more about unit linked insurance plans.Why to invest in ULIP,80C benefit etc
Know all about Public Provident Fund (PPF), Meaning, Benefits, How to open, Tenure, Deposits, Minimum requirements, Withdrawals, Interets Rates FAQ etc
Applicability of the EPFO,services offered by employee provident fund organisation, UAN,structure of EPFO, Registration of Establishments Online, PF and PPF
Beti bachao,beti padhao”.Sukanya Samriddhi Yojana account ensures financial safety for girl child and advantage of tax saving and good return. Min Rs 250..
Step-by-step guide to e-verify your income tax return & Sec 80E. You need to verify your return after filing,if not verified then ITR will not be considered as file.
click here to know The Most Comprehensive Guide on TDS(Tax Deducted at Source) in India,what is TDS,need,requirement,type of payment covered,due date,how.
Investment in ELSS fund is allowed under Section 80C up to Rs. 1, 50,000. It provides an ideal combination of investment in equity with tax-savings.
NPS (National Pension Scheme) - meaning, eligibility, benefits, employer's & employee contricution,deduction, how to exit, taxability etc.
National Savings Certificates is GOI investment scheme, interest is compounded annually. Both principal and interest enjoy tax benefits. Read more about NSC
Click here to know the bank's fixed deposit, fd, rates of different banks, types of fixed deposit,who can invest, process to calculate interest,NRI & FD's.
Know the different types of insurance policies like Life insurance, medical insurance etc and taxsvaing u/s 80C, 80CCC, 80D etc
Indiapost - Post Office account or Post office savings account is a secured account with the post offices in India with available interest tax benefits.
Sovereign Gold bond is Scheme launched under Gold Monetisation Scheme by governmnet. RBI notifies issue, rates, terms & condition for the scheme.Read more
Know about various types of penalties under income tax act for different acts of mistakes or errors done by the tax-payer and learn how to avoid those income tax penalties.
Read about Sec 80E, Deduction for ineterst paid on education loan for 8 years. Read for eligibility, no limit, loan period, purpose, benefit, and much more
After announcement of total rebate upto Rs 5 lakhs in the interim budget it is expected that Finance Minister, Nirmala Sitharaman will announce reliefs in income tax exemptions limits and much more in the upcoming union budget on 5 July. Read More..
Finance Minister Nirmala Sitharaman presents budget 2019 on 5th July 2019. Read the Key Highlights, Tax Rebates, Relief to MSMEs and major policies introduced.
Budget 2019 Standard deduction limit increased from 40,000(FY 2018-19) to 50,000(FY 2019-20) for salaried individuals. What is standard Deduction? How tax saving increased?
For the income tax purposes Individuals who are aged 60 years and above but below 80 years are called senior citizens. Further, Individuals who are aged 80 years and above are called super senior citizens.
Deduction under Section 80DDB can be levied for several sections of the society, including senior citizens and citizens inflicted by certain types of diseases.
Section 80CCD allows deductions from your taxable income if you invest in the National Pension Scheme or the Atal Pension Yojana scheme.
Understand Salary and its components - Basic, HRA, Travel Allowance, PF, Standard Deduction. Difference bewteen CTC & take home salary. Tax exemptions & benefits.
Section 80TTA of the Income Tax Act 1961 is the section which grants deductions on interest for savings account for up to Rs.10,000/-.
Section 80GGC specifies the deduction of the Income Tax Act which is allowed from the total gross income of an individual assessee for the contributions made to a political party or an electoral trust.
Every person is required to file their tax returns within a fixed deadline & if the time limit is crossed, Section 139 provides the guidelines to deal with late filings of the return.
According to the Income Tax Act, 1961, every salaried person needs to pay an amount from their salary as tax to the country. This amount of tax is called the income tax.
Section 148 of the Income Tax Act, 1961 deals with the issuance of notice wherein any income is found to have escaped re-computation or assessment.
Section 80DD is the deduction for the medical maintenance of a dependant, who is a person with a major disability. The assessee should be an individual or a Hindu Undivided Family (HUF) who should be a resident of India.
The Income Tax, 1961 under Section 80EE provides certain criteria that help the tax-payer to claim a deduction up to Rs. 50,000/ on the interest paid on the home loan.
If any taxpayer will file his or her tax return late, he or she will be charged a penalty in the form of interest under section 234A.
If in any case the taxpayer delays the payment of advance tax, the income tax department impose penal interest in the form of penalty under Section 234C.
If the taxpayer delays the payment of advance tax charged on him or her, he or she will have to pay interest under section 234B.
Any income that is made by the way of brokerage or commission is liable to deduct tax in the form of Tax Deduction at Source (TDS) by a resident individual.
When an income which is not the salary, is received by the payee, form 26Q is used to file the TDS returns. Form 26Q is used to mention the amount of income and the TDS deducted on that income.
ITR-V Rejections can happen due to numerous reasons, including the likes of late submission, absent signature, meagre quality of form received for assessment
The book of Account can help regulate the tax slab you are in, the amount to be deducted as per specific payments and investments, the sources of income and also helps in keeping track of the income variations.
Whether looking to buy house or already own a house, this guide shall give you an insight of tax benefits attached with loan repayment and provide different avenues to reduce tax liability on income from house property.
Udyog Aadhar is the registration process for the companies to list themselves under the Micro Small and Medium Enterprises category of the Government of India.