Income Tax

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The Knowledge Corner
Income Tax Return Filing
Savvy Midha
| Updated: Dec 18, 2019 | Category: Income Tax

A Complete Guide to Income Tax Return Filing

How much the company or entity is compliant is reflected by its tax compliances such as timely filing of income tax returns. The taxpayer shall file a return for reporting...

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Income Tax Return in India
Khushboo Priya
| Updated: Apr 19, 2019 | Category: Income Tax

Income Tax Return Filing, Slabs, ITR Forms, Benefits, e-Filing, Penalty

Income Tax Return (ITR) is no less than a nightmare to taxpayers. After all, who likes to pay tax? Possibly, nobody. But if you don't file ITR in time, you...

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Tax Audit under Section
Khushboo Priya
| Updated: Apr 17, 2019 | Category: Income Tax

Tax Audit under Section 44AB of the Income Tax Act, 1961

Tax audit is a mandatory inspection done by the practicing Chartered Accountant to ensure the details of the income provided by the taxpayer are accurate. As per Section 44AB of...

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Income Tax Form 16
Swarit Advisors
| Updated: Apr 09, 2019 | Category: Income Tax

Generate Income Tax Form 16 for Salaried Person

Form 16 is issued under Section 203 of the Income Tax Act 1961 to salaried individuals by their employers. It is in the form of a document which contains the...

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Tax Slab Rate & Deductions Applicable For Individuals
Swarit Advisors
| Updated: Mar 15, 2019 | Category: Income Tax

Tax Slab Rate & Deductions Applicable For Individuals for FY 2019 – 2020

The central authorities of all countries follow a certain tax structure that helps the government to collect revenue. Therefore, every country has a unique Tax Slab Rate. Moreover, people, from...

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Assessment of Partnership Firm
Swarit Advisors
| Updated: Mar 04, 2019 | Category: Income Tax, Partnership Firm

Assessment of Partnership Firm under the Income Tax Act

Partnership firm is not a separate legal entity from the person it constitutes of; however, for income tax purpose, it is considered as a separate legal entity.  A partnership firm...

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Tax Saving
Swarit Advisors
| Updated: Feb 15, 2019 | Category: Income Tax

Tax Saving Options beyond Section 80C of the Income Tax Act

The process of tax saving usually includes showing your income as part of an investment which is taxed at a lower rate. Every taxpayer, when thinks about income tax saving...

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House Rent allowance
Swarit Advisors
| Updated: Feb 15, 2019 | Category: Income Tax

House Rent allowance exemptions rules: How to save tax on it?

Before we proceed with House rent allowance exemption rules, it is necessary to know what is HRA? HRA forms an integral component of a person's salary. It is paid by...

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