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SBI customers can file ITR for free from their homes
Filing income tax returns (ITR) is always a complicated and daunting task for the common man. Almost everybody takes the help of a professional to fil
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Tax compliance points self-employed citizens should know
Income of a self-employed individual can be calculated on presumptive basis under section 44ADA of IT Act.
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Received notice u/s 143(2) from I-T dept? Here's help
You may receive a notice in the form of a PDF by email at the address you have registered
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ITR: Here's why some taxpayers don't need to pay late fees
ITR: If your gross total income does not exceed the basic exemption limit, you won't be liable to pay penalty for late filing.
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What are the penalties for tax evasion in India?
If there are discrepancies in the income tax return, the income tax department may issue a demand notice
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I-T portal: Infosys working with I-T department to streamline user experience
The company has been engaging with the Chartered Accountant community to resolve the portal issues.
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ITR filing: Beware of these mistakes
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
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I-T Portal: Finance minister’s deadline over, taxpayers continue to face glitches
Infosys was tasked with ironing out all issues by September 15. Individual taxpayers continue to find it difficult to file their IT returns.
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Simplify to maximise
It is universally true that any simple tax system leads to better compliance and the government must strive for it on both direct and indirect taxes.
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Understand the difference between AY and FY in taxation
A tax return should be filed in the Assessment Year, which is the year after the end of a financial year
