Proprietorship Firms File Income Tax Return Each year, proprietorships operating in India must file their income tax returns. The income tax return filing procedure for proprietorships is similar to that […]
Duration of ITR Processing in India for 2020-21
In India, the deduction for income tax is available under the main heading “ Item (iii) of the Schedule C” of the Income Tax Act, 196. In India, there is […]
What Are the Best Ways To Save Income Tax?
You can save tax in a number of ways, including: 1. The Benefits of Buying Life Insurance Include Under Section 80C, life insurance premiums are deductible from taxable income, resulting […]
Tax Return or Income Tax Return – ITR
The Income Tax Return or ITR is a form that indicates the net tax liability, claims for tax deductions, and reports gross taxable income. Individuals earning a certain amount of […]
The Status of a Refund of Income Tax
Taxes can be paid in different ways in India, including advance tax, self-assessment tax, tax deducted at source (TDS), foreign tax credit, etc. If you realize you have paid more […]
ITR Filing Documents: What Are They?
A tax filer’s income tax return (ITR) documents vary depending on what they earn. However, certain documents are mandatory for every taxpayer, regardless of our income sources. We have compiled […]
How to Check Status of Income Tax Refund?
If you pay more than your actual tax liability for a particular financial year, you are entitled to receive an income tax refund. You can claim an income tax refund […]
Return of Income Taxes
A tax refund may be available in cases where an individual accidentally overpaid taxes. This can occur due to a tax deduction at source or an inaccurate calculation of income […]
F.A.Q. (Frequently Asked Questions) Income Tax
Individuals may end up paying more tax than they are legally required to pay at times. You can claim an income tax refund if your advanced tax or tax deducted […]