ITR: If your gross total income does not exceed the basic exemption limit, you won't be liable to pay penalty for late filing.
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month
Income received as fees from professional or technical services is categorised as income from business or profession
Senior citizens also get higher tax benefits on expenses made on account of any medical treatment for specified diseases, etc
An individual has to go the CSC of a post office and enquire about filing IT returns. A designated person will be there to help
How to file ITR: If you approach a bank for home, car or personal loan, they ask for your income tax return filings of previous years
The vendee and vendor should have ensured the critical citizen engagement platform didn’t observe any glitches. Now is the time to set it all right
It is a standard practice to ask for IT returns for three years and its unavailability is going to create hurdles for those applying for home loans
New ITR e-filing website: Check out the look of the new website of the Income Tax e-filing portal