Not required to file ITR Not required to file ITR, certain criteria. Here are some cases where filing an ITR may not be mandatory: Individuals below the Basic Exemption Limit: If your total income during the financial year falls below the basic exemption limit set by the income tax department, you may not be required… Read More »
Need to File ITR Who no Need to file ITR in India, certain individuals may not need to file an income tax return (ITR) if they meet specific conditions. Here are some categories of individuals who generally do not need to file an Income Tax Return: 1. Individuals below the Exemption Limit: If your… Read More »
How to check ITR filing status without login: To check the status of your income tax return (ITR) without logging in to the income tax department’s e-filing portal, you can follow these steps: Visit the official website of the Income Tax Department of India at https://www.incometaxindiaefiling.gov.in/. On the homepage, under the “Quick Links” section, click… Read More »
ITR Filing Without Tax Payment: Filing an Income Tax Return (ITR) is a legal obligation for individuals and entities whose income exceeds the prescribed limit under the Income Tax Act. However, not everyone who files an Income tax return is required to pay tax. Many people believe that filing an Income tax return… Read More »
Filing ITR with Foreign Income Filing ITR with foreign income, If you have foreign income as an Indian resident, you are required to report it and include it in your income tax return (ITR) filing in India. Here are the key points to consider when filing ITR with foreign income: Resident Status: Determine your resident status… Read More »
ITR filing with new tax regime When filing an income tax return (ITR) in India under the new tax regime, also known as the optional concessional tax regime, there are a few key points to consider. Here’s an overview: Understand the ITR filing with new tax regime: The new tax regime offers lower tax rates… Read More »
Difference business Registration & license Compliance with laws, Business registration and a business license are two separate processes that are often required for operating a legal business. Here’s the difference between the two: Unique identification number Business Registration: Business registration is the process of officially establishing a business entity with the relevant government authorities.… Read More »
ITR filing with penalty When filing an income tax return (ITR) with a penalty, there are a few important considerations. Penalties can arise due to various reasons, such as late filing, under-reporting of income, non-disclosure of assets, or other non-compliance with tax laws. Here are a few fundamental principles to bear in mind: Identify… Read More »
ITR Filing for Home Loan: Filing your Income Tax Return (ITR) is a crucial process for individuals who want to maintain financial transparency and avail themselves of various benefits, including obtaining a home loan. If you’re planning to apply for a home loan, your ITR plays a key role in the approval process. Here’s a… Read More »
ITR filing for TDS Refund ITR for TDS refund,When filing an income tax return (ITR) for a TDS (Tax Deducted at Source) refund, you need to follow these steps: Gather TDS Certificates: Collect the TDS certificates (Form 16 for salary income or Form 16A for non-salary income) from the deductor(s) who deducted the tax. These… Read More »
