You don’t have to be a rocket scientist to file income taxes. We want to remind you that filing taxes today isn’t about carrying hundreds of papers and arranging everything like a student does before an exam. Taking advantage of India’s embrace of the digital world and its many conveniences, electronic filing (e-filing) allows you…
Category: Income Tax Return
Income Tax Return Login – How to File
Using the internet, one can file an income tax return (ITR) in a relatively short period of time. E-filing an ITR is quick, easy, and can be completed from the comfort of one’s home or office. In addition to saving money, e-filing an ITR can also help you save money since you won’t have to…
Income Tax Returns FAQs
It is your federal responsibility to file income tax returns if you receive money during a fiscal year. You have until March 31 to file your ITR after the fiscal year closes. Avoid penalties by submitting your returns on time. Income tax returns in India require some technical paperwork. As a result, taxpayers often have…
Budget 2021 Announces 10 Income Tax Changes
Finance Minister Nirmala Sitharaman made changes to the income tax laws in her budget on 1 February 2021 to make it easier for taxpayers to comply with them. Individual taxpayers’ income tax slabs were not amended, however. Tax administration was simplified, enforcement was simplified, and lawsuits were avoided under the direct tax plan. She mentioned…
A Complete Guide on Tax Money Saving and ITR Refund Status
Introduction The tax season is upon us and many people are looking for ways to generate extra income. There are a few things that you can do to make sure you get the most out of your tax return. You Can Easily Check the Status of Income Tax Returns Online. In this blog post, we…
When and How to File a Return
When taxes are taken directly from your paycheck, it’s a good bet that you need to file a tax return. The same goes if you received a Form 1099 reporting taxable employee earnings. The same also applies if you were eligible for an Earned Income Tax Credit or other refundable credits but didn’t file last…
Prior to Filing Your Income Tax Return, You Should Be Aware of These 10 Things.
The process of filing an income tax return for the first time might be very intimidating. Here is a short set of straightforward instructions for submitting income tax returns that will take you through India’s complex income tax return process. : Let’s start by addressing the straightforward query: Why do we file Income Tax (IT)…
How to prepare your Income Tax Return (ITR)
Income Tax: An Introduction The two main types of taxes in India are direct and indirect. Direct taxes are levied directly upon an individual’s income while indirect taxes are levied indirectly. Indirect taxes include goods and services tax, service tax, and income tax. Under the Income Tax Act, 1961, every individual who receives income in…