Tax Audit under section 44AB is carried out to check the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements which are essential for the deduction of income-tax at source.
Difference Between ITR-3 and ITR-4: ITR 4- simple return for Business. ITR 3 –Biggest Return for Indivual and HUF. Read more on ITR 3 vs ITR 4
Tax on Bitcoin in India - If you hold your Bitcoin assets for 3 years or more, the profits made are long-term gains. The long-term capital gains tax is 20% in India.
Income Tax Assessment: It is an estimation for an amount assessed while paying Income Tax by assessee himself or by income tax officer. Read more on types of assessment in income tax
Tax benefits under life insurance policies: You can claim deduction from your taxable income on account of premium paid towards life insurance for self, spouse or children.
TDS Deduction on Rental Property: When an NRI-owned a property and is taken on rent, it is the obligation of the tenant to deduct tax (TDS) u/s 195 of the Income Tax Act
Voter ID Online Registration - Now register to voter id card online by following steps. What are the eligibility criteria for obtaining a Voter ID Card? Read more about registartion of voter ID
Section 119 of the Income tax act, 1961 essentially empowers the Central Board of Direct Taxes to issue meticulous. Read more about Section 119 and Section 119(2)(b).
Income escaping assessment under section 147 can be initiated by the income tax department if certain incomes have escaped assessment.
How To Upload JSON & File Return On Income Tax Portal Meta Description: ITR e-filing by JSON upload on new Income Tax Portal. Learn how to e-file Income Tax Return for FY 2020-21 using Tax2win generated JSON.
