Learn about ITR-U, a form for updating income tax returns. Understand eligibility, filing process, deadlines, and additional tax implications.
The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers while simplifying the tax structure. The proposed changes focus on increasing the tax exemption limit, rationalizing tax slabs under the new regime, and ensuring greater disposable income in the hands of individuals. With a higher rebate threshold and […]
Learn how to respond to a defective return notice under Section 139(9) of the Income Tax Act. Steps for correction and consequences of non-response.
Discover why taxpayers are urging for an extension of July 31 ITR filing deadline in 2024. Learn about ITR forms, filing steps, common issues, and push for an extended filing period.
Learn how to report Futures & Options (F&O) losses in ITR 3 with our step-by-step guide. Understand the process, requirements, and implications for accurate income tax filing.
Step-by-step guide to filing ITR-2 online for FY 2023-24, covering salary income, capital gains, and other sources of income. Ensure compliance and avoid penalties.
Discover expert tips and strategies on how to save tax in India through various exemptions and deductions under the Income Tax Act, 1961.
File your Income Tax Return by July 31, 2024, to avoid late fees and penalties. Learn the important dates, steps, and consequences of missing the ITR filing deadline.
Learn how to file your Income Tax Return (ITR) online step-by-step with our comprehensive guide. From logging in to the income tax e-filing website to verifying your return, follow these easy instructions.
A freelancer is a self-employed individual who values independence in choosing their own jobs, side projects, and business partnerships. On the money they make from their projects or freelance labour, freelancers need to pay income tax. Any money received by a person who uses their physical or mental potential for freelancing is classified as “profit […]
