# guide
17 posts in `guide` tag
Understanding Section 80G Income Tax Savings Guide
However, specific limits and conditions must be met to avail of these deductions. In this comprehensive guide, we will delve into the intricacies of Section 80G and explore how it can be a valuable tool for tax savings.
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By Krishna
Section 133(6) Income Tax Act Detailed Guide
The tax department is sending notices to the taxpayers under sections 133(6) & 148 of the Income Tax Act, 1961. These notices are only being sent to those taxpayers who have not filed their tax returns.
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By Krishna
ITR Processing Under Section 143(1): A Detailed Guide
According to governmental regulations, individuals with a specific level of taxable income in India are legally obligated to submit their Income Tax Returns within a stipulated timeframe.
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By Krishna
How To Check Tax Refund Status For FY 2022-23 (AY 2023-24): Step-By-Step Guide
If you filed your return some time ago but are still waiting for the refund, verify whether you have e-verified your ITR. Remember that simply filing the ITR isn't sufficient and only ensures a refund if you have successfully e-verified your return.
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By Krishna
How to Check and Respond to Income Tax Notices Online: A Comprehensive Guide
The Income Tax Department delivers notices for various reasons such as not filing the income tax returns, any fault, documents missing while filing the returns, or other instances where the tax department demands any other documents or information.
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By Krishna
How to Check Your Income Tax Refund For FY 2022-23 (AY 2023-24): A Step-by-Step Guide
If any request is distinguished from any earlier years with the income tax department, then the department may acclimate the due request with the current year’s refund.
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By Krishna
Rectifying Wrong Bank Account Details in ITR Filing 2023: Step-by-Step Guide
Income tax return filing is a responsible task for every taxpayer but errors made in bank details can cause a delay to receive a refund on time.
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By Krishna
Clarification by IT Department: Actions for NRIs with Inoperative PAN Cards Explained
When foreign citizens and OCIs (Overseas Citizens of India) apply for PAN cards under resident status but fail to correct or update their status with the Jurisdictional Assessing Officer or haven't filed an Income Tax Return (ITR) in any of the previous three assessment years, their PAN cards become inoperative.
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By Krishna
AAR Ruling: Same Place of Business Doesn't Mandate Separate GST Registration for Each Type of Business
The applicant has submitted this application under subsection (1) of section 97 of the GST Act and the corresponding rules, addressing the following queries in sequential order (number 14) on FORM GST ARA-01
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By Krishna
First-Time Income Tax Filing: A Comprehensive Guide to Getting Started
If you are filing your income tax return for the first time, then these instructions will help you avoid the usual mistakes that beginners do. Read on for more…
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By Krishna
What is a Defective Return? Avoiding Mistakes and Preventing Defective Tax Returns
While receiving a notice from the income tax department can be alarming, it is important to note that rectifying a notice regarding a defective ITR is typically straightforward. Let's explore the steps you can take to address the issue related to a defective ITR.
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By Krishna
9 ITR Filing Mistakes to Avoid: Ensure a Smooth Tax Return Submission
When it comes to filing your income tax return (ITR), paying close attention to your personal details is of utmost importance. Thoroughly reviewing and verifying your personal information, such as your name, address, and contact details, is crucial to ensure accuracy in your tax filing process.
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By Krishna
Claimingh HRA home loan deductions guide
Although many employees choose to claim income tax deductions either on their House Rent Allowance (HRA) or home loan repayments, only a few take advantage of claiming both deductions simultaneously.
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By Krishna
Self assessment tax pay online
Self-Assessment Tax stands for the tax paid by individuals on their assessed income after considering Tax Deducted at Source (TDS) and advance tax. It is the balance tax amount that needs to be settled before filing the income tax return. Self-Assessment Tax allows taxpayers to meet their remaining tax liabilities and ensure compliance with income tax regulations.
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By Krishna
Advance Tax payment due dates applicability procedure installment details
Advance Tax Payment is a crucial aspect of income tax compliance in many countries, including India. It requires taxpayers to pay their tax liability in installments throughout the financial year, rather than in a lump sum at the end. This ensures timely revenue collection for the government and helps taxpayers manage their tax obligations effectively. This article will take you through the due dates, applicability, procedure, etc. So, Read on to know more…
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By Krishna
Late date for obtaining the mandatory CPE credits has been extended
The Institute issued the ICSI (Continuous Professional Education) Guidelines in 2019, which came into effect on April 1, 2020. These guidelines aim to help members maintain an optimal level of professional competence and uphold high quality and standards in the professional services they provide.
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By Krishna
New guidelines regarding TDS and TCS
The Income Tax Department has issued new guidelines regarding tax collection at source TCS.
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By Krishna