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The income tax return form can be filed online through an Income Tax e-Filing Portal. Users can enter their User ID (PAN), Password, Captcha code and check ITR form by logging into the Income Tax e-Filing Portal. It is a tax deducted by the central government from every eligible taxpayer. The ITR return filing process … Read More “Indian Income Tax Return Filing Online Overview” »
During an audit, the accounting records of the company are examined in order to determine whether they are correct and if their functions are legal. Choosing a tax audit over a statutory audit is often confusing for people. Tax audits are conducted under the Income Tax Act, while statutory audits are performed under the Company … Read More “How Do Tax Audits and Statutory Audits of a Company Differ?” »
The country has many rules and regulations. Some of these include audits for counting costs, stock audits, company audits, tax audits, etc. An income tax audit, as its name suggests, aims to estimate whether a person or an organization has correctly filed the ITRs (income tax return online) for a taxation year. Income Tax Act … Read More “Tax audits of companies require what information?” »
As we will see, many individuals dismiss tax filing as unnecessary and burdensome. Perspectives like this are not healthy. All citizens of the country are expected to file tax returns each year as part of their moral and social obligations. The government uses it to determine the amount and means of expenditure of citizens, and … Read More “The 5 Reasons You Should File Income Tax Returns” »
It doesn’t have to be challenging to file income taxes. We want to let you know right away that income tax filing today is nothing like carrying hundreds of papers and organizing everything like students do before an exam. In India, electronic filing (e-filing) offers a host of conveniences as well as the opportunity to … Read More “Online Filing of Income Tax Returns in India 2022-23 – How To Do It” »
Below you will find a list of the different types of Income Tax Return (ITR) forms and who they are for. Is it possible to file an income tax return electronically? The Department of Income Tax has established an independent portal for electronically filing income tax returns. E-filing is the process of electronically filing income … Read More “How to Choose the Right Form to File Your Taxes Electronically” »
An individual is required to file an income tax return by July 31 of each assessment year. In the case of income that is chargeable under the heading-Income from business or profession, and whose accounts are undergoing an audit, the due date to file the return is September 30th. Modes of filing the return of … Read More “How to File Your Income Tax Return?” »
Those taxpayers who are subject to audit must file their income tax returns by October 31, 2022 for fiscal year 2021–2022. The amount of revenue generated each year and the source of income, such as a salary, business profit, investment profit, etc., determine how an income tax return is filed. In order to complete this … Read More “Checklist of Important Documents Required for ITR Filing” »
Filing your income tax return online Online filing of income tax returns An income tax is a tax imposed by the central government on all eligible taxpayers. Tax deductions, net tax liability, and gross taxable income can all be claimed through Income Tax Returns or ITR filings in India. To avoid unnecessary disputes, individuals must … Read More “What Is the Process for Filing Income Tax Returns Online in India?” »
