ITR e-filing portal There are several ITR e-filing portal, authorized websites and online portals where you can file your income tax return (ITR) in India. Here are some popular options: The official ITR e-filing portal of the Income Tax Department of India is www.incometaxindiaefiling.gov.in. This website provides a secure platform for individuals and businesses to… Read More »
File Income Tax Return 1 File Income Tax Return 1 online in India, you can follow these steps: Register on the Income Tax Department’s e-filing portal: Visit the official website of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/) and register yourself as a new user. Please furnish the necessary information and finalize the registration procedure.… Read More »
When should ITR be filed When should ITR be filed: The due date for filing the Income Tax Return (ITR) in India depends on the category of the taxpayer and certain factors. Here are some general timelines for filing ITR: Individuals and HUFs (not subject to tax audit): The due date for filing ITR… Read More »
HUF for Tax Saving HUF for Tax Saving, A Hindu Undivided Family (HUF) can be utilized as a tax-saving entity in India. Here are a few tax-saving options that an HUF can consider: 1. Tax Deductions: Similar to individual taxpayers, an HUF can claim deductions under various sections of the Income Tax Act to reduce… Read More »
Is Net Turnover the Same as Net Profit? When managing finances or reviewing a company’s performance, it’s essential to understand the difference between key financial terms like net turnover and net profit. While these terms might sound similar, they refer to entirely different concepts in accounting. Net Turnover: Net turnover, also known as net sales,… Read More »
Filing ITR Online Filing your income tax return (ITR) online, or e-filing, is a simple and convenient process that allows taxpayers to submit their returns from anywhere. This guide will walk you through the process and the documents you need to file your return smoothly. Step-by-Step Guide to Filing Income Tax Return Online Step… Read More »
File ITR 4 To file your Income Tax Return (ITR) using ITR-4 form, which is applicable for individuals, Hindu Undivided Families (HUFs), and partnership firms having income from a presumptive business, you can follow these steps: 1.Gather your documents: Collect all the necessary documents, including your business income details, bank statements, invoices, expenses records, and… Read More »
Filing ITR Filing ITR, In India, not everyone is required to file an income tax return (ITR). The requirement to file an ITR depends on various factors, including the individual’s age, income level, and the type of income earned during the financial year. Here are some general guidelines regarding who needs to file Filing ITR:… Read More »
How to file an income tax return (ITR) for an individual in India Here’s an example of how to file an income tax return (ITR) for an individual in India: Step 1: Gather Required Documents Collect all the necessary documents such as Form 16 (provided by your employer), bank statements, investment proofs, rent receipts (if… Read More »
ITR 1 Vs. ITR 4 ITR 1 Vs. ITR 4 are two different income tax return forms in India, applicable to different types of taxpayers. Here are the key differences between ITR-1 (Sahaj) and ITR-4 (Sugam): Applicability: ITR-1: It is applicable to individuals who are residents of India and have income from salary, one house… Read More »
