Income Tax return Archives - Page 2 of 4

What is Advance Tax and Due Dates for Advance Tax Payment

16th December 201924th February 2020 CA Sanket Agarwal

🔊 Play What is Advance Tax? Section (208) of the Income tax act, 1961 defines “Advance Tax” which means any tax that is paid before the end of the financial year. An assessee earning an income of more than Rs. 10,000 and above in a financial year is liable to pay advance income tax. Rather […]

New ITR filing date for A.Y 2023-24

24th July 20196th July 2023 CA Sanket Agarwal

🔊 Play It was demanded to extend the due date of filing ITR because of last minute rush and also main factor was TDS statement issue was also delayed for A.Y 2023-24. On 23rd July 2023 CBDT extended the due date of filing Income Tax Return of taxpayers whose due date falls on 31st July […]

You may land up in Jail for non-filing of ITR

23rd July 201921st January 2020 CA Sanket Agarwal

All about ITR filing for BEGINNERS!

20th July 201917th July 2020 CA Sanket Agarwal

🔊 Play Novice to Income tax! Don’t know how to file anIncome Tax Return form. Does Income Tax stress you to such an extent? Try not to stress. It is not an advanced science to get it. You should simply to soak in a couple of essentials of Income Tax to get things clear. Let’s […]

Basics of Income Tax Return Filing for Beginners

15th June 201915th June 2019 CA Sanket Agarwal

🔊 Play As you all know that the due date for online income tax return filing for FY 2018-19 is approaching soon. The ITR due date is 31st July 2019 for those whose books of accounts are not required to be audited. And, the ITR due date is 31st September 2019 for others. You should […]

Are you a salaried Taxpayer? You need to be alert with recent changes in Form 16!!

8th May 201921st January 2020 CA Sanket Agarwal16 Comments

These changes have been introduced in form 16 to keep it on the same line with the changes that came in Income Tax return Forms as notified by CBDT for AY 2019-20.

Mistakes to avoid while filing Income Tax Return

2nd May 20193rd May 2019 CA Sanket AgarwalLeave a comment

🔊 Play Income Tax India e-filing: Income Tax is a tax that the government imposes on income generated by businesses and individuals. And, an ITR is a form in which a taxpayer furnishes information about his total income and tax payable on that income to the IT Department. In India, the ITR is filed online […]

How Should You Pay Income Tax?

10th April 20197th June 2019 CA Sanket Agarwal

🔊 Play The Government of India levies income tax on all income as per the provisions of the Income Tax Act, 1961. The Government of India has several mechanisms through which it collects income tax from taxpayers like Advance Tax, Self-assessment tax, Tax deducted at source (TDS) and Tax collected at source (TCS). Advance tax: […]

Understanding the New 2019 Federal Income Tax Brackets/ Slabs and rates?

27th March 20193rd June 2019 CA Sanket Agarwal

🔊 Play Income Tax Brackets/Slabs & Rates applicable for FY 2019-20 are: Income Tax Slabs for FY 2019-20 for Individual, Hindu undivided family (HUF), Association of persons (AOP), Body of individuals (BOI), Artificial juridical person*: Income Up to ₹250000- NIL Income from ₹250000-₹500000- 5% Income from ₹500000-₹1000000- 20% Income more than ₹1000000- 30% Income Tax […]

How to Check If Your PAN Card is Active or Not?

13th March 201920th April 2019 CA Sanket Agarwal

🔊 Play To take a dig over false issuance of PAN cards for illegal purposes, the government of India has recently deactivated 11 Lakh PAN Cards following duplication. These de-activated PAN Cards were either allotted to a non-existent person or in the name of people with fake identities. It is worth mentioning that it is […]

Income Tax return Archives - Page 2 of 4 - Blog (2024)