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

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 with India’s Master Blaster – Mr. Sachin Tendulkar. But before having a look on his case, let’s first quickly understand the Impact on your taxes under both the situations :1. When your Investments are taxableSEE DETAILS

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Walmart and Flipkart Deal
Income Tax e-Filing, Income Tax Learning, Income Tax Updates, Latest News

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 business to paying salary, from taking strategic decisions to solving internal matters and the list is literally endless. This fact can be proved by the recent “Walmart-Flipkart Deal”. Although it made Bansal Buddies billionaires overnightSEE DETAILS

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Invalid ITR V
Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning, Income Tax Refund, Income Tax Updates, Latest News

Filed your return before the due date but forgot to verify before the expiry of time limit? Then in such case, your ITR has become an invalid ITR and now you would have to file the ITR again. Surprised? Yes, you heard it right. Now, you need to file your ITR as a belated return. Don’t know why? Let’s get the insight into the matter :What is Verification of ITR?Verification of ITR means to authenticate the ITR. In simple words, the Income-tax department asks you to verify the ITR so that itSEE DETAILS

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Track Status
Guides, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates, Latest News

ContentsHow to Apply For a New/Duplicate PAN Card?Why it is important to know your PAN card application status?What is the process to Track your PAN Card application status?Frequently Asked Questions (FAQs) On PAN Card Status Applied for a New or a Duplicate PAN Card? But, it has been a long time since you heard from the department about it? Worried? Relax, you can easily track your PAN Card application status online through various modes. In this post, Tax2win will make you learn the procedure to check the status of PAN CardSEE DETAILS

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Change in PAN
Blogs, Income Tax Help, Income Tax Updates

PAN Card or commonly known as Permanent Account Number is a very important document for undertaking financial transactions. For e.g., if you want to trade in share market then to open a Demat Account, quoting PAN is mandatory.Hence any change or amendment in PAN rules is sure to watch out for. Recently, CBDT introduced some new provisions regarding the applicability of PAN Card. What? You don’t know about them? Chillax! No worries when we are here for you my dear amigo.Let’s understand the amendments in a simple, and easy manner.WantSEE DETAILS

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Details for Sec 143(1)
Blogs, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates

Done with the filing and e-verification of ITR for F.Y. 17-18? Feeling Relaxed? Well, one more task is waiting for you i.e. processing of the ITR by IT department. Every year department sends you an intimation u/s 143(1) of income tax act which serves as a proof of processing your ITR. It is very important to check all the intimations or notices received by the department calmly and don’t fret. But the real problem is that many of us are not aware of the essence of such notices/ intimations. AndSEE DETAILS

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Income Tax Updates, Latest News, News

When the #MeToo Movement hit India, it opened up a Pandora’s box. So many brave women (in even some cases men) came out and shared their scandalous experiences. #MeToo wasn’t just limited to the entertainment industry, this storm engulfed finance, and the political sector as well.Then how can the Income Tax Department stay far behind from the #MeToo storm? Before you think of something scandalous, let us clear the air. We are talking about the recently pronounced judgement of ITAT in Sushmita Sen’s case. Still got no clue? No worriesSEE DETAILS

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Section 23(1)(c)
Blogs, Income Tax Help, Income Tax Learning, Income Tax Saving, Income Tax Updates, Latest News, News

Recently, Mr. Sachin Tendulkar got a favorable ruling from a tribunal over a tax disputed case on one of his vacant property. If you are also the owner of more than one house then you definitely need to read this !! Let’s have an overview of his case and find out how it may help you.Facts of the Case:Mr. Sachin had two properties in Pune, one in Treasure Park and another one in Sapphire Park in F.Y 12-13. Now, in the ITR of F.Y 12-13, only the Rental income fromSEE DETAILS

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Easily respond to all notices 24*7
Blogs, Income Tax e-Filing, Income Tax Help, Income Tax Updates, Latest News

Received a scrutiny notice? Then the next image coming to your mind must be of an Income Tax Office. Where you might have to go again and again and wait for long hours to meet the IT Officials. Well, not anymore:)!Income Tax department has launched the jurisdiction free e-tax assessment of scrutiny cases.The system will be implemented in a phased manner across India.What is Jurisdiction Free E-tax Assessment?It means you can give the online response to the scrutiny notice at your convenience i.e. 365*24*7. It will enable you to saveSEE DETAILS

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Income Tax Help, Income Tax Updates, News

Have you filed income tax return yet? If not, then it’s a must for you to know about changes in ITR form as a result of extension in due date.The extension in ITR filing due date by the CBDT has surely given a reason to rejoice for all the taxpayers.But this extension have brought some changes in IT return forms. Hence it is imperative for you to remain updated with recent changes in ITR form before filing tax return.For those who got-up late this morning, CBDT has extended incometax returnSEE DETAILS

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