Income Tax

Sign up To Get Latest Articles Direct To Your Inbox.

The Knowledge Corner
Form ITR 2
Shivani Jain
| Updated: Aug 31, 2020 | Category: Income Tax, News

Form ITR 2: Latest Updates and Procedure to File Online

The term “Form ITR 2” denotes an Income Tax Return filed by the individuals or HUFs (Hindu Undivided Family), who are not earning income from PGBP (Profit and Gain from...

MORE
Form ITR 1
Shivani Jain
| Updated: Aug 28, 2020 | Category: Income Tax, News

Form ITR 1: Changes made for the Assessment Year 2020-2021

The term “Form ITR 1” denotes an Income Tax Form filed by the individuals who are Resident other than Not Ordinarily Resident and having Annual Income up to Rs 50...

MORE
Transparent Taxation
Shivani Jain
| Updated: Aug 13, 2020 | Category: Income Tax, News

Transparent Taxation: PM Decides to Honor Honest Taxpayer

“Minimum Government and Maximum Governance” The term “Transparent Taxation” denotes a new tech-driven taxpaying platform unveiled by our Hon’ble Prime Minister, Mr. Narendra Modi, on 13.08.2020, through video conferencing at...

MORE
Input Tax Credit under GST
Shivani Jain
| Updated: Jul 02, 2020 | Category: GST, Income Tax

Input Tax Credit under GST: A Complete Guide on ITC

Goods and Service Tax or GST Act is one of the significant reforms in the Indian Financial Sector. However, the feature that became the talk of the town was the...

MORE
Divyanshu Gupta
| Updated: Mar 26, 2020 | Category: Covid-19, Income Tax

Latest announcements by Finance Minister during Lockdown

A sigh of relief came for a taxpayer when Finance Minister Nirmala Sitharaman announced that a responsible citizen can file Returns of Income Tax for FY 2019 beyond the deadline...

MORE
professional tax registration
Dashmeet Kaur
| Updated: Mar 11, 2020 | Category: Income Tax

All about Professional Tax Registration in India

Taxation holds vital importance for anyone pursuing his profession and earning income from it. If you are a salaried employee, then you must have come across ‘Professional Tax’ mentioned on...

MORE
Charitable Trusts
Dashmeet Kaur
| Updated: Mar 06, 2020 | Category: Income Tax, News

Union Budget 2020 introduces significant changes for Charitable Trusts

Union Budget 2020 has set some new compliance for Charitable Trust, NGO and religious institutions to claim tax exemptions. The revised provision will bring a pivotal change for such organizations....

MORE
Income Tax Return Filing for Trust
Dashmeet Kaur
| Updated: Feb 27, 2020 | Category: Income Tax

What is the procedure of Income Tax Return Filing for Trust?

In India, Non-Profit Organizations (NPOs) can be registered as a Society, Trust or Section 8 Companies. The sole purpose of such organizations is to undertake public welfare activities for a...

MORE
instant e-pan
Dashmeet Kaur
| Updated: Feb 10, 2020 | Category: Income Tax, News

Government Enables Instant e-PAN Card Facility – Procedure

PAN or Permanent Account Number holds supreme importance not only for the taxpayers but also for all the citizens of India.  An individual can avail several benefits from a PAN...

MORE
income tax cuts
Dashmeet Kaur
| Updated: Feb 04, 2020 | Category: Income Tax

What are the Major Income Tax Cuts in Union Budget 2020?

Finance Minister, Nirmala Sitharaman has proposed a new income tax regime in the Union Budget 2020 on Saturday. The declaration reveals significant income tax cuts which serve as a ray...

MORE
Hi! My name is Akanksha! Let's talk.