Income Tax : AY 2026-27 requires structured reporting of long-term and short-term gains from shares and mutual funds. Particular attention is n...
Income Tax : Wrong ITR form selection, incorrect residential status, and missing Indian income disclosures can create tax complications for NRI...
Goods and Services Tax : This article provides a summary of crypto taxation in India, covering the 30% income tax on gains, 1% TDS, and 18% GST on platform...
Income Tax : Understand Debt Mutual Fund taxation for FY24-25, including STCG/LTCG rules based on purchase/redemption dates, and how to accurat...
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Income Tax : CBDT has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year...
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Income Tax : CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2...
Income Tax : The amendment replaces the existing ITR-2 form with an updated version for AY 2026-27. The ruling mandates taxpayers to adopt the ...
Income Tax : CBDT amends Income-tax Rules, 1962; introduces new ITR-2 form effective from 1st April 2025 via Notification No. 43/2025 dated 3rd...
Income Tax : Explore the Ministry of Finances corrigendum (Notification No. 22/2024) on Income-tax (Amendment) Rules, 2024. Learn about changes...
Income Tax : Stay updated on Income Tax rules with CBTD Notification No. 19/2024. Explore amendments effective from April 1, 2024, impacting ru...
Income Tax : CBDT notifies ITR forms for AY 2023-24/ FY 2022-23 Except ITR-7 vide Notification No. 04/2023-Income Tax Dated: 10.02.2023 and not...
Highlights of E- Filing Season Assessment Year 2010-11/ Financial Year 2009-2010 (up to 04/08/2010). Please see updated “Quick Statistics” for E-Filing of Income Tax Returns upto 4th August 2010.
In all the returns filed in ITR-1 and ITR-2, for the Asst. Year 2009-10, where the aggregate TDS claim does not exceed Rs. Three lakh (3 lacs) and where the refund computed does not exceed Rs. 25,000; the TDS claim of the tax payer shall be accepted at the time of processing of the return.
With July 31 just a couple of weeks away, it’s time to get papers in order to file your taxes. The traditional method has been to hire a chartered accountant who does the needful. But now, with the advent of tax portals, even tax filing can be done at your convenience from your office or home. But there are some basic things you have to keep in mind to ensure a safe and easy e-filing exercise.
BANGALORE:Don’t have the money to pay tax? Don’t worry. This tax filing season, you can pay your Income Tax through credit cards. This is the first of its kind happening in India. About 4.5 lakh tax payers in Bangalore, of which, 37 per cent IT professionals will pay their taxes in Gayatri Vihar.
It’s that time of the year again when all your income for the current financial year is in and you need to file your income tax returns. By now, you, the salaried lot, might have received your Form No 16 (salary income) and Form No 16A (tax deducted on other income). And, if you belong to the category of individuals involved in business and other professions, you too might have completed the adjustments and finalisation of yearly accounts.
Now Tax Filing is at your finger tips. We are happy to announce the start of online tax return preparation and filing services at Taxguru. You can file ITR-1 and ITR-2 returns in few simple steps. Some salient features and advantages of this service:
ITR-2:This form is applicable to both Individuals & HUFs who have one or more of the following sources of income. In addition, they may have one of the sources of income specified for ITR-1. Income / loss from house property; Capital gain / loss on sale of investments / property, etc;
In all the returns filed in ITR-1 and ITR-2 for the A. Y. 2008-09, where the aggregate TDS claim does not exceed Rs four lakh and where the refund computed does not exceed Rs.25,000; the TDS claim of the tax payer concerned should be accepted at the time of processing of return.
The government is considering to re-introduce one-pager ‘Saral form for filing income tax return. The form was discontinued in 2007-08 and instead of that ITR-1, ITR-2, ITR-3 and ITR-4 were introduced for individual taxpayers.
Income Tax Department released on yesterday 15/06/2009 software utility for E-Filing of Income tax Return for Partnership firms i.e. ITR-5 and Income Tax Return for E-Filing of Companies i.e. ITR-6. Department already released ITR-1, ITR-2, ITR-3 and ITR-4. We can access the same at given below link:-
