All you need to know on Section 80-IAC: Tax Incentives for Startups The Government of India has added Section 80-IAC to the Income Tax Act to kick-start the growth of startups in India and give the newly founded businesses a […]

“What is Form 12BA of Income Tax?”, Structure and Applicability of Form 12BA Introduction The laws governing income tax have established guidelines for the assessment of certain perquisites. Additionally, because Form 16 only contains a consolidated account of the pay and […]

Short Term Capital Gain Tax (STCG) and Long Term Capital Gain Tax on Shares Introduction People who often trade stocks or people who prefer to invest their money in stocks need to be aware that their profits and losses are […]

What is Section 80EE under the Income Tax Act? and Entity’s that are eligible to claim deduction under Section 80EE of the Income Tax Act Introduction Interest paid on loans taken by an assessee, who is an individual, and taken […]

NRI Income Tax Return Filing in India – NRI Status, Tax applicability to NRI, Due Date for Filing Income Tax Return & Procedure Introduction NRIs must pay tax in India on capital gains from shares, mutual funds, term deposits, and […]

A complete guide for a taxpayer on Filling of Income Tax Return for Previous Year Introduction It is mandatory for an entity to file their ITR. Your income, total taxes owed, liabilities, and tax refunds for the fiscal year are […]

Income Tax Verification – What is ITR-V Form? and How to Download ITR-V Form from the IT Department? Introduction The IT division creates acknowledgements for taxpayers to confirm the validity of their electronic filing through ITR-V Form. Only those who […]

“What is ITR Filing?”, Advantages of filing Income Tax Return Form, and Additional Information that needs to be filed in ITR Form by Taxpayer Introduction From ITR-1 to ITR-6, every form is essentially the same as last year. There have […]

All about Income Tax E Payment and Process for Income Tax Online Payment Introduction For taxpayers having an online banking account, the IT department has developed an e-filing and e-payment facility. As a result, the country currently has two different […]