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    Belated income tax return :  There’s still a chance for filing your income tax return.
    • Jan 7, 2019
    • 2 min

    Belated income tax return : There’s still a chance for filing your income tax return.

    If you missed the extended income tax return filing deadline, there’s still a chance for filing your income tax return. However, there...
    26 views0 comments
    Missing ITR filing deadline? What happens!
    • Sep 2, 2018
    • 2 min

    Missing ITR filing deadline? What happens!

    The tax returns usually in a predefined worksheet format where the income figures used to calculate the tax liability are written into...
    36 views0 comments
    A.Y.2018-19: Tax Audit Limit for Businesses & Professionals
    • Aug 19, 2018
    • 2 min

    A.Y.2018-19: Tax Audit Limit for Businesses & Professionals

    A.Y. 2018-19 : Tax Audit Limit for Businesses: If the total sales, turnover or gross receipt in business for the previous year exceeds...
    130 views0 comments
    How to get TDS refund and when?
    • Jul 15, 2018
    • 1 min

    How to get TDS refund and when?

    When actual payment made by the deductor more than the tax deducted at source which want to deductible will be treated as the excess...
    10 views0 comments
    Can a return be filed after the due date?
    • Jul 1, 2018
    • 1 min

    Can a return be filed after the due date?

    Can a return be filed after the due date? Return of income which has not been furnished on or before the due date specified under section...
    25 views0 comments
    Rebate under Income Tax Section 87A
    • Jun 23, 2018
    • 1 min

    Rebate under Income Tax Section 87A

    According to the Section 87A of the Income Tax Act, 1961 : An assessee, being an individual resident in India, whose total income does...
    24 views0 comments
    Primary duties of the person who is liable to deduct tax at source!
    • May 4, 2018
    • 1 min

    Primary duties of the person who is liable to deduct tax at source!

    Following are the Primary duties of the person who is liable to deduct tax at source: Obtain Tax Deduction Account Number and quote the...
    8 views0 comments
    Income Tax Return - Penalty for delayed filing for AY 2018-19 onwards
    • Apr 10, 2018
    • 1 min

    Income Tax Return - Penalty for delayed filing for AY 2018-19 onwards

    Due date for filing of income tax returns (ITR) for Assessment year 2016-17 and 2017-18 is over. Now taxpayers need to get ready for AY...
    131 views0 comments
    Compliance Calendar - March 2018
    • Mar 5, 2018
    • 2 min

    Compliance Calendar - March 2018

    Image Source: Quikchex I. GST Compliances 10-03-2018- Due date for filing GSTR -1 for the month of January 2018 – Applicable for...
    11 views0 comments
    Interest on Education Loans - Tax benefit
    • Feb 27, 2018
    • 1 min

    Interest on Education Loans - Tax benefit

    Compulsory conditions for claiming deduction under section 80E of income tax act, 1961 for Interest on Education Loans. Image : Wishfin...
    12 views0 comments
    Advance Payment of Tax
    • Feb 26, 2018
    • 3 min

    Advance Payment of Tax

    According to Section 208 of Income tax Act, 1961, every person whose estimated tax liability for the FY exceeds Rs.10,000 has to pay tax...
    38 views1 comment
    • Feb 17, 2018
    • 1 min

    Mandatory filing of return to claim deduction under the heading C in Chapter VIA

    Return of income and assessment procedure under Union budget 2018 proposal Mandatory filing of return to claim deduction under the...
    6 views0 comments
    Online filing of TDS/TCS statement
    • Feb 10, 2018
    • 1 min

    Online filing of TDS/TCS statement

    Steps for filing TDS/ TCS Statement online: Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be prepared...
    20 views0 comments
    TDS on Expenditure for Charitable Trust
    • Feb 9, 2018
    • 2 min

    TDS on Expenditure for Charitable Trust

    Budget proposal for 2018-19 30% of such expenditure will be disallowed, if the charitable trust does not deduct TDS as expenses in which...
    17 views0 comments
    Clarification on Long Term Capital Gains by CBDT after Budget 2018
    • Feb 7, 2018
    • 9 min

    Clarification on Long Term Capital Gains by CBDT after Budget 2018

    Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or...
    17 views0 comments
    Property under construction: 
Tax benefit from principal repayment
    • Feb 5, 2018
    • 2 min

    Property under construction: Tax benefit from principal repayment

    The Indian Income Tax Act clearly specifies the conditions under which a salaried employee can claim tax rebate on interest payment for...
    8 views0 comments
    You can Claim HRA as well as Tax Deduction on Home Loan
    • Feb 5, 2018
    • 2 min

    You can Claim HRA as well as Tax Deduction on Home Loan

    For some people, the tax-planning season has just started. You know that house rent allowance (HRA) and the deduction related to home...
    27 views0 comments
    How Income Tax Department Is Tracking Your Transactions
    • Feb 5, 2018
    • 2 min

    How Income Tax Department Is Tracking Your Transactions

    To check tax evasion, the Income Tax Department has stepped up its vigilance against undeclared income. Now, you have to report PAN on...
    27 views0 comments
    Compliance Calendar for February 2018
    • Feb 5, 2018
    • 1 min

    Compliance Calendar for February 2018

    A. Due dates for Compliances under GST 15-02-2018- Due date for filing GSTR -1 for the Quarter ending Dec 2017 i.e. from m/o Oct to Dec...
    12 views0 comments
    Income Tax Highlights in Union Budget 2018
    • Feb 3, 2018
    • 2 min

    Income Tax Highlights in Union Budget 2018

    Long Term Capital Gains on listed securities i.e. Gain on shares or Mutual Funds held for more than one year was earlier exempt from...
    43 views0 comments
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