ITR for Salary and Share Trading If you have income from salary and share trading, you will generally need to file ITR-2. ITR-2 is applicable for individuals and Hindu Undivided Families (HUF) who have income from sources other than business or profession. Income from salary and income from share tradings fall under the… Read More »
Income Tax filing The requirement to file an ITR depends on various factors, including the individual’s income level, residential status, and specific conditions outlined in the Income Tax Act, 1961. 1.Income Threshold: Individuals with a total income exceeding the prescribed threshold are generally require to file an ITR. The income threshold varies based on… Read More »
ITR Filings Process The ITR filings process in India generally involves the following steps: 1. Gather the necessary documents: Collect all the relevant documents such as Form 16 (if applicable), bank statements, investment proofs, rent receipts, and any other supporting documents related to your income, expenses, and deductions. 2. Choose the correct ITR form:… Read More »
User Intent Users searching for “ITR filing last date” are likely looking for crucial information about the income tax return (ITR) filing deadline, including key dates, penalties, benefits, and a step-by-step guide on how to file ITR on time. This article provides all essential details in a structured manner. Introduction Filing an Income Tax… Read More »
Simple ways to file ITR offline Simple ways to file ITR offline, To file an Income Tax Return (ITR) offline, you can follow these steps: Obtain the required ITR form: Visit the official website of the Income Tax Department of your country (e.g., the Income Tax Department of India) and download the relevant ITR… Read More »
Tax Planning in India Tax planning in India encompasses the deliberate management of financial matters and transactions, aiming to reduce tax obligations while operating within the legal framework. It involves utilizing various provisions and exemptions provided under the Indian tax laws to optimize tax savings. Here are a few prevalent tax planning strategies in… Read More »
ITR with form 16 ITR with form 16, to file your Income Tax Return (ITR) using Form 16, which is a certificate issued by your employer summarizing your salary income and tax deductions, you can follow these steps: 1. Gather your documents: Collect all the necessary documents, including your Form 16 and other relevant… Read More »
ITR Without Form 16 Yes, you can file an Income Tax Return (ITR) without Form 16. Form 16 is a TDS certificate issued by your employer that provides details of the salary paid to you and the taxes deducted at source (TDS). However, if you have the necessary information regarding your income and deductions, you… Read More »
Tax planning and types Tax planning and types, Tax planning involves strategically arranging financial matters and transactions in a manner that adheres to legal requirements while effectively minimizing tax obligations. It involves making strategic decisions and utilizing available tax provisions, exemptions, deductions, and credits to optimize tax efficiency. Below are several frequently encountered… Read More »
Tax planning for individuals Tax planning for individuals refers to the strategies and actions taken by individuals to manage their finances in a way that minimizes their tax liabilities while remaining compliant with tax laws. The primary objective of individual tax planning is to legally reduce the amount of taxes owed and maximize… Read More »