Category: Income Tax Updates

• New Financial Year, New Tax Rules: 8 Big Income Tax Changes to Take Effect on 1st April

  As we approach the start of the new financial year (FY 2023-24), we will witness some great changes which will come into effect from April 1, 2023.? These changes will be the addition of new rules or reforms to existing ones. The finance minister, ?Shrimati Nirmala Sitharaman,? has introduced several tax amendments in the Budget […]

  preetesh

  April 3, 2023

  Income Tax Updates, News

• Not Received the Income Tax Refund Yet? Find out the Reasons Here

  After having your income tax return verified, receiving your refund is the phase that everyone looks forward to the most. However, our wait is frequently prolonged! There are multiple reasons for not receiving the refund. If you are one of those who have filed their ITR before the due date and have not received their […]

  preetesh

  September 26, 2022

  Income Tax e-Filing, Income Tax Updates, Latest News

• Belated Return for AY 2020-21: How to File Belated Return and Penalty on Late Filing

  The deadline for filing the income tax return (ITR) for the financial year 2020-21 was December 31st and the CBDT issued Rs 1,50,407 crores in refunds for those eligible. Did you miss your filing tax returns? Fret not!  You still have the opportunity to file your income tax return. Yes, you can take advantage of […]

  preetesh

  January 7, 2022

  Income Tax Learning, Income Tax Updates

• Major changes in Income Tax rules for the FY 2021-22

  Major changes in Income Tax rules for the FY 2021-22 The government generally makes changes to the tax rules during the budget presented in February. These changes come into effect from the following financial year which starts from April. Take note of the changes and plan your taxes better. Choosing your tax regime Last year’s […]

  preetesh

  April 15, 2021

  Income Tax Updates, Latest News

• Tax Changes from April 2019

  

  Financial Year 2019-20 has begun!! April 2019 welcomes the beginning of the new financial year. What could be more interesting than taking a note of important tax provisions this very day!! Why to wait for the financial year to end and make tax planning a rush?? Let’s become a pro and know the 5 major […]

  Abhishek Soni

  April 2, 2019

  Income Tax Updates

• UIDAI Official Website Guide

  

  What is UIDAI? What is its full form? UIDAI refers to Unique Identification Authority of India. It is established under the provisions of Aadhaar Act 2016 [ i.e. Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016]. UIDAI is a statutory body established by the Government of India vide its notification […]

  CA Abhishek Soni

  January 29, 2019

  Income Tax Updates

• 5 Fun Facts about Aadhar

  

  Aadhar being the key document now a day has so much embedded in it to be still discovered. We all have got our UID cards issued and use it as a basic document of identity in all sectors. Whether it is about opening a new bank account, making some financial transaction, getting your passport done, […]

  CA Abhishek Soni

  January 25, 2019

  Income Tax Updates

• Why 31st March 2019 deadline is important

  

  31st March 2019 marks the end of Financial Year 2018-19. But, it also brings with itself a series of very important and crucial financial deadlines. Every taxpayer shall take care of these deadlines and prepare well in advance to avoid penalties and notices from the Income Tax Department.   Last date to File ITR for […]

  CA Abhishek Soni

  January 22, 2019

  Income Tax Updates

• Post-retirement Sachin Tendulkar blasted Tax Liability!

  

  If you are also amongst those who invest a considerable amount in shares then you need to know this!! If the frequency of transactions is high, then that has always been a debatable issue in income tax that whether income is to be treated as capital gain or business income. Recently, the Same issue happened […]

  CA Abhishek Soni

  November 29, 2018

  Blogs, Income Tax e-Filing, Income Tax Learning, Income Tax Refund, Income Tax Updates, Latest News

• Walmart-Flipkart Deal | Trouble for Bansal Buddies

  

  It won’t be wrong to say that the founders of a Startup are the most stressed person in their company. They leave all their comforts and do hard work day and night just for one cause – one day their company will reach a great height. They have to take care of everything. From generating […]

  CA Abhishek Soni

  November 29, 2018

  Income Tax e-Filing, Income Tax Learning, Income Tax Updates, Latest News