Today people are suffering from many health problems and many times these problems can take one to hospitalization. Due to the emergency problem, the cost of medical care and treatment may go very up drastically which can ruin you financially. Thus, one should choose the best health insurance plan, which can result in a Boon … Read more
Almost everyone is looking for ways to save money on their income taxes at all times. In today’s world, no one wants to miss out on opportunities that can be used to save money on tax payments. The investments, charity and other payments which could reduce the taxable income which will reduce the tax burden … Read more
Fixed Deposit Income Tax Deduction (A.Y.2022-23): Every year we plan our tax as per the income tax slab and deductions of that particular assessment year. But we always have some confusion, about which investment is good to get a deduction under section 80C. Here, we’ll talk about one of the most popular investments about fixed deposits … Read more
Deduction 80G – List of Donations Allow for Deduction under section 80G: The government of India has allowed some of the donations eligible for deduction from your income tax. We will discuss here how you can get the deduction 80G and which donations are eligible for deduction under section 80G. For a common man, Section … Read more
Deductions From Salary for A.Y. 2022-23: The salary people always request that we tell them about all the deductions that we are eligible to claim in A.Y. 2022-23 and 2023-24. Therefore, we provide a list of all deductions from the salary that you can claim while calculating taxable salary income or net total income after … Read more
Deduction 80GG – Deduction in respect of Rent Paid: Deduction under section 80GG provides a tax benefit for that assessee who does not receive of house rent allowance (HRA) but lives in a rented house. So, you can get a deduction under section 80GG from your income tax if you are not getting any house rent … Read more
Deduction 80DDB (A.Y. 2022-23): Deduction of Medical Treatment: This year when you file your returns, make sure that you are availing maximum benefits which has been offered by the IT Department of India. In this article, we will be discussing the range of deductions which a taxpayer can get under Section 80DDB. So, let’s get … Read more
Income Tax Department has launched a new facility called Instant e-PAN. This facility is free of cost for instant allotment of e-PAN. It is a good opportunity for the persons who do not have PAN card. They can get benefit from this free-of-cost service. You are required to have a valid Aadhaar number to get … Read more
Download New Form 49A PDF (PAN Card Application Form): Form 49A is an application form to apply for a new PAN for residents in India. You can download form 49A, print form 49A, fill out form 49A and submit it to the nearest TIN facilitation centre along with required documents and photographs. You can also … Read more
In simple words, a PAN card is an identity in the eyes of Income Tax Department. It contains all the necessary information which Income Tax Department needs. In this article, we will cover all aspects of PAN like what is PAN, How to apply, Who is liable to apply etc. Please ask if you have … Read more
Step-by-Step Procedure to Reprint Lost PAN Card: Many times, a person gets into a tough situation when a PAN Card is lost. The loss of a PAN Card can be due to negligence of a person or due to some unavoidable factors such as theft. Under such circumstances, the first requirement is to file an FIR … Read more
Know Your PAN online 2022: In some cases, you may have difficulty finding your PAN number, for example, you may forget your PAN number, you may have lost your PAN card and you may want to know your PAN online. It is very easy to obtain your Permanent Account Number (PAN) as well as your … Read more
Download New Business Codes for Income Tax Return Download Here
ITR 7 A.Y.2022-23: In this article, we will discuss ITR-7 instructions, filing procedure, changes, PDF format, FAQ and more. ITR-7 can be used for the persons including companies required to furnish returns under sections 139(4A) or 139 (4B) or 139 (4C) or 139 (4D) only. Updates: ITR-7 is also now available for efiling. Excel Offline Utility … Read more
ITR-6 A.Y.2022-23:The ITR-6 form should be used by companies that do not claim an exemption under section 11. The company seeking exemption under section 11 should not file the ITR-6 form for the assessment year 2022-23. This article provides complete guidance on ITR-6 (Income Tax Return Form), which includes filing procedures, instructions, PDF format, Excel … Read more
ITR 5 A.Y. 2022-23: It is applicable to firms, LLPs, AOPs, BOIs, artificial juridical persons (AJPs), estates of deceased persons and estates of insolvency, business trusts and investment funds. Central Board of Direct Taxes (CBDT) has updated ITR-5 excel and java utilities with PDF instructions. In this article, we will discuss the complete detail of ITR-5 … Read more
Download LIC Premium Certificate: As the time for filing returns approaches, every taxpayer needs to start accumulating receipts that shall offer them deduction. One of the most common documents in such respect is the LIC Premium Paid Certificate for the whole financial year. Section 80C of the Income Tax Act specifically mentions taxpayers can claim … Read more
Payments outside India are subject to some rules or provisions. A provision of the act required the submission of Forms 15CA and 15CB. Below, we will review the details of forms 15CA and 15CB. You can also download forms 15CA and 15CB from the following links. You can find everything you wanted to know about … Read more
Penal Interest under Sections 234B & 234C: Taxpayers who are responsible for paying advance tax are required to pay penalty interest if they fail to do so. The provisions of sections 234B and 234C are different. We will discuss here all about the penal interest under sections 234B and 234C. Reasons for Penal Interest Section … Read more
How to calculate advance tax: Advance tax calculation is very simple as every layman can do it without difficulty. In this article, we will discuss how to calculate advance tax in easy steps. First of all, you should know that for every person whose tax liability for any financial year is more than Rs.10,000 then … Read more