80 EEA – Deduction for Interest on Affordable Housing Loan : Section 80EEA has been introduced to further extend the benefits allowed under Section 80EE for low-cost housing. Earlier, Section 80EE had been amended occasionally to allow a deduction for interest paid on housing loans for FY 2013-14, FY 2014-15, and FY 2016-17. Overview of […]
The below are the various Statutory Obligations for the month of December 2023.Please ensure to comply with the obligations to avoid Interest / Penalty Sl. No Nature of Statutory Obligation Statute Due Date Link 1 Due Date for Payment of TDS for the month of November 2023 Income-Tax 07th Dec 2023 Link for Payment of
Statutory Obligations for the month of December 2023 Read More »
The CBDT has notified vide its Notification No 39/2023 dtd 12.06.2023 that the Cost Inflation Index (CII) for the year 2023-24 be 348. What is Cost Inflation Index? The Cost Inflation Index (CII) is a crucial parameter used in the Indian tax system to adjust the purchase cost of assets and investments for inflation. It
Cost Inflation Index for F Y 2023-24 notified Read More »
10 Crucial Guidelines for Accurate Tax Filing Filing taxes can be an intimidating task, and even a small error can have significant repercussions. As an esteemed CA firm in India, we understand the importance of precise tax filing and its impact on financial matters. In this blog post, we will present you with ten essential
10 Crucial Guidelines for Accurate Tax Filing Read More »
Discover the 7 crucial reasons why income tax return filing is vital for individuals and businesses. Gain insights into the benefits, process, and important considerations to ensure a smooth ITR filing experience.
7 Key Reasons Why Income Tax Return Filing is Essential Read More »
Survey and Search as per Income tax act are different. There are differences between Survey & Search. Please find the differences here
The last installment of payment of Advance tax falls due on 15th March 2023. The tool for calculating advance tax and also tax payment procedure is attached herewith
Advance Tax – Final Installment Due on 15th Mar 2023 Read More »
The due date for payment of Advance Tax for the Financial Year 2022-23 (AY 2023-24) is 15th September 2022. Please Check the below post to check if you are liable to pay Advance Tax The Procedure for Tax payment is provided in this link
Advance Tax 2nd Instalment Reminder Read More »
1) ITR should be verified within 30 days instead of earlier 120 days 2) Only speed post mode is allowed for manual verification 3) Returns filed till 31.07.22 can be verified within 120 days 4) Date of e-verification or manual verification is the date of filing the returns in case of returns e verified or
Update on Income-tax Return verification Read More »
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Paying electricity Bills more than 1 Lakh? Ensure you file your Income tax returns
Paying electricity Bills more than 1 Lakh? Ensure you file your Income tax returns.. Read More »
Do you have more than one PAN? Check out what are the consequences and how to correct it.
If you have multiple PAN number, You are committing an Offence.. What should you do…?? Read More »
The due date for filing your Income-tax returns is fast approaching. Many think that only if you have Income you need to file your Income-tax returns on time. But the fact is even if you are facing losses, it becomes important to file your returns on time, on or before the statutory due date. There
File your Income-tax returns before due date if you have any losses… Read More »
Extension of various deadlines under Income-tax vide CBDT Circular F.No 225/49/2021-ITA-II dtd 20th May 2021 Sl. No Name of the Compliance OriginalDue date ExtendedTime line 1 Statement of Financial Transactions (SFT) for the year 2020-21 31st May 2021 30th June 2021 2 Statement of Reportable Account for the year 2020 31st May 2021 30th June
Extension of various time lines for filing under Income-tax for the year 2020-21 Read More »
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