Income tax return filing: Useful tips for first-time return filers

An income tax return is a yearly statement that declares your income…

File your ITR online without Form 16

Form 16 is a TDS certificate furnished by the employer to the…

How to rectify mismatch in details of Form 26AS and Form 16

The last date of ITR filing for FY 2020-21 is nearing, and…

Why is it important to report income from EPF withdrawal?

The Employee’s Provident Fund (EPF) scheme aims to enable salaried individuals to…

7 checkpoints to note before filing ITR for FY 2020-21

The last due date for filing income tax returns for the FY…

Last Date to Issue Form 16 by Employers for FY 2020-21 Extended

According to a recent CBDT announcement, the last date to file ITR…
Tax Exemption

High-value transaction that can invite income tax notice for you

The income tax department tracks all your high-value transactions through various sources.…
Tax Exemption

Tax deducted on dividend income – How to get relief if income is below the basic exemption limit?

The income tax department has upgraded Form 26AS to simplify the return…
Tax Exemption

How the Income Tax Department Traces Your Transactions

The income tax department receives information about specific transactions through their sources.…

Investments held in joint ownership? Here is what you should know

Many individuals have joint investments in mutual funds, equity shares, gold or…