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No tax on income of Rs 9.5
Income Tax e-Filing

The Interim Budget 2019, since it was announced on 1st Feb is constantly being backfired with questions. In response to the latest one Finance Minister Piyush Goyal said, Now individuals earning upto Rs 9.5 can escape tax liability by taking the advantage of saving schemes. You might have already read and calculated tax saving on income upto Rs 5,00,000, Rs 6,50,000 or Rs 7,00,000. But surprised to come across this new figure of Rs 9,50,000? Yes, this is possible with investing in some of the popular tax saving avenues. LetSEE DETAILS

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E Verify
Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning

Process to download and send ITR-V to Income Tax Department – CPC The task of ITR just does not get over with submitting it successfully. It ends from your side after the verification of Income Tax Return has been successfully done. What is verification of Income Tax Return? After filing of the tax return Income Tax Department seeks from us the confirmation. It is generally for the purpose that the return has been filed as per our knowledge. No return is valid or processed at the centralized processing center, BengaluruSEE DETAILS

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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

Contents How 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 checkSEE 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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Step by step procedure
Blogs, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Latest News

Do you know how to check ITR V Status? You must be thinking that why we are asking this “out of the blue”question. Well, if your ITR is not yet processed or your refund (if any) hasn’t been credited then this question is relevant for you. 7 out of 10 people still think that just filing Income Tax Return finishes their job. But it is not the case.In this blog, we will let you know the after filing process.Let’s begin.What is verification of ITR ?As per law, after filing income taxSEE 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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