Penalty for Not Filing Tax Audit Report

A tax audit is similar to a check-up for businesses or professionals conducted for income tax reasons. It verifies the accuracy of their financial records and ensures that they comply with tax laws. This is beneficial as it saves them the time of checking and arranging everything again when filing their income tax returns. In … Read more

How to File Revised Income Tax Return for A.Y 2023-24?

How to File Revised Income Tax Return?: It is common for taxpayers to realize that they have made a mistake or missed out on important details while filing their Income Tax Returns (ITR) originally. The good news is that these errors can be rectified. The procedure requires submission of revised tax returns through the tax … Read more

Advance Tax Payment Due Dates (A.Y.2024-25) (F.Y.2023-24)

Advance Tax Payment Due Dates FY 2023-24: It is a pre-paid tax paid by the taxpayer on the income earned during the year. In simple terms, this means that you should pay taxes in advance on your estimated annual earnings in instalments. This applies to individual, company as well as corporate assesses. For example, during … Read more

PAN Card Correction Form 2023 PDF – Download

PAN Card Correction Form 2023 PDF – Download: Errors may be found on a PAN card such as an invalid name, birth date or contact address; these mistakes are very common. However, it is essential to rectify these faults by making necessary alterations like correcting names and changing dates of birth because a PAN card … Read more

TDS Calculator AY 2024-25 FY 2023-24

 >TDS Calculator AY 2024-25: This TDS calculator is applicable to payments and credits made from  01-04-2023 to 31-03-2024. The TDS (Tax Deducted at Source) calculator helps you calculate TDS on payments to deductees. It is the deducter/payer’s duty to deduct TDS when paying or crediting the deductee. In other words, the payer or deductor … Read more

Kisan Vikas Patra Calculator: Double Your Money in 9 Years 7 Months

 Kisan Vikas Patra Calculator: Calculate the time in which your money will double. Interest amount and maturity value can be calculated by entering the investment amount. Investment amount is required only. The KVP maturity amount, KVP interest amount and maturity period will be given by the calculator. Generally, it takes 115 months to double … Read more

Kisan Vikas Patra: Interest Rates 2024, Maturity to Double

Kisan Vikas Patra (KVPs): The Indian Postal Service offers a certificate programme called Kisan Vikas Patra. You could assert that it will enable you to double your investment in 9 years and 7 months. However, it all depends on the timing of your Kisan Vikas Patra investment. In this article, we shall go into detail … Read more

Gold and Silver Rates from 1981 to 2023 with Important Notes

Gold and Silver Rates Chart up to Year 2022-23 Gold Rate = Std Gold Rate 24 Carat for 10 grams i.e. 0.857 tola Silver Rate = 999 touch for 1 Kg. i.e. 85.734 tola Download Gold and Silver Rates Chart Gold and Silver Rates PDF Format Download Here Gold and Silver Rates Excel Format Download … Read more

NSC Calculator: Calculate NSC Interest & Maturity Amount

 NSC Calculator: Compute NSC Interest and Maturity Amount: The National Savings Certificate (NSC) is among the best investment options for those who want their investments secure while also enjoying tax benefits. Our team designed the NSC calculator to make it easy for you to calculate everything about this scheme such as total interest earned, … Read more

NSC Accrued Interest Rate Chart: Calculate NSC Interest Instantly

NSC Accrued Interest Rate Chart: National Saving Certificates (NSCs) are a common choice for investment due to their tax-saving and guaranteed return aspects. The article will discuss interest rates, the rate of accrual of interest, charts showing the value of return at maturity, charts showing pre mature withdrawal value as well as pre-encashment terms. Additionally, … Read more

NSC – National Savings Certificate: Interest Rates, Tax Benefits and More

NSC – National Savings Certificate, a structured savings scheme with fixed returns, is a great way for individuals to invest and save. It is available to adults, joint holders, guardians, and under certain conditions, even minors. The article discusses how to take advantage of the tax benefits, how the fixed returns provide security, and how … Read more

Mahila Samman Savings Scheme Calculator 2024

 How to use Mahila Samman Saving Scheme Calcualtor? Here’s the way to use Mahila Samman Saving Scheme Calculator. It is quite simple to calculate maturity value after the tenure of Mahila Samman Savings Certificate Scheme has ended. Step 1: Gather Necessary Information Before using the Mahila Samman Saving Scheme Calculator, you need to collect … Read more

How to File Belated Income Tax Return Online A.Y. 2023-24?

How to File Belated Income Tax Return Online A.Y. 2023-24: You can still file your income tax return if you missed the deadline of July 31, 2023, for the Assessment Year 2023-24. This is referred to as a belated income tax return by the income tax department. While there are certain drawbacks to filing your … Read more

Belated Income Tax Return: Penalty, Time Frame & Consequences

Belated Income Tax Return: Penalty, Time Frame & Consequences: A belated return is a term used for a tax return that is filed after its original due date. You have a specific window of time within which you can submit a belated return. This window is calculated as follows: You can file a belated return … Read more

Income Tax Audit for Business & Profession A.Y. 2024-25

Tax audits are examinations of taxpayers’ financial records under certain conditions. The goal is to ensure that income and deductions are reported correctly to the government. There are different types of tax audits, each with its own requirements. Normally, Indian tax audits should be done according to Section 44AB. Under this section businesses whose turnover … Read more