A revised income tax return (ITR) is a document that is filed to correct errors or omissions in an original ITR. It can be filed by any taxpayer who has filed an ITR for a given assessment year and discovers that there is an error in the return. When Should You File a Revised … [Read more...] about What is revised ITR? When should you file one? What is the charge?
income tax
Invalid PAN Card – What Are The Things You Can’t Do With An Inoperative PAN Card?
An invalid PAN card is a PAN card that is not registered with the Income Tax Department of India. This means that the card is not valid for any official or financial transactions that require a PAN number. Some of the things that you cannot do with an invalid PAN card … [Read more...] about Invalid PAN Card – What Are The Things You Can’t Do With An Inoperative PAN Card?
What Documents Are Needed To Open A Savings Bank Account? What If I Don’t Have A PAN Card?
Here are the documents you need to open a savings bank account in India: Once you have submitted all of the required documents, the bank will open your savings bank account and issue you a passbook. You can then start depositing and withdrawing money from your account. … [Read more...] about What Documents Are Needed To Open A Savings Bank Account? What If I Don’t Have A PAN Card?
When To Start With Income Tax Filing For The Current Financial Year?
Filing your income tax returns (IT) is a crucial financial responsibility that every taxpayer must undertake. The IT filing process involves submitting a statement of all your earnings and the taxes paid on them during a given financial year. This statement helps the … [Read more...] about When To Start With Income Tax Filing For The Current Financial Year?
How Much Tax Can You Save On House Rent Allowance? HRA Exemption Calculation For Income Tax Filing
As an employee, one of the common expenses that you incur is your rent. If you are living in a rented house, your employer may offer you a House Rent Allowance (HRA) as a part of your salary package. This allowance can be claimed as a deduction under the Income Tax Act, 1961, … [Read more...] about How Much Tax Can You Save On House Rent Allowance? HRA Exemption Calculation For Income Tax Filing
Pan Card – Pay Attention To THESE Or Else You Will Be Fined Hefty Or Face Legal Consequences!
A PAN (Permanent Account Number) card is a unique, ten-digit alphanumeric identifier issued by the Indian Income Tax Department to all tax-paying entities in India. It serves as a crucial document for financial transactions, as it acts as proof of identity and enables the … [Read more...] about Pan Card – Pay Attention To THESE Or Else You Will Be Fined Hefty Or Face Legal Consequences!
Income Tax New Regime Rebate And Slabs Explained | Should You Choose The Old Or New Regime?
Since the proposal of the Union budget 2023-2024, many questions prevail in the minds of tax payers. Though the budget consists of various announcements, changes and things - the major focus is on income tax! Tax payers were eagerly waiting for a raise in rebate limit and … [Read more...] about Income Tax New Regime Rebate And Slabs Explained | Should You Choose The Old Or New Regime?
You Could Get Rs. 5000 Penalty Even If You Have Filed IT Before Deadline | Details
Filing your income tax returns every year before the deadline is something very crucial. Filing your IT returns without fail has various benefits. Today's video about reminding you to do something very crucial even after filing your income tax returns. Even though you have … [Read more...] about You Could Get Rs. 5000 Penalty Even If You Have Filed IT Before Deadline | Details
Filing Income Tax After Deadline? Find Out Whether You Have To Pay Late Fees Or Not
The deadline for filing Income Tax for the current financial year is over. Those who have not filed their income tax returns by the deadline can still file IT after the deadline but with a penalty or late fees. However, not everyone need to pay a late fees (penalty) for filing … [Read more...] about Filing Income Tax After Deadline? Find Out Whether You Have To Pay Late Fees Or Not
Register Your Small, Medium Business? Udhyam MSME Registration | Udhyog Aadhar Demo
If you run a small or medium scale business, you would want to register your business. There are a variety of reasons as to why you should register your small scale or medium scale business. I explain those reasons in today's video. I also demonstrate how to register your … [Read more...] about Register Your Small, Medium Business? Udhyam MSME Registration | Udhyog Aadhar Demo