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Blogs, Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help

How to pay 234F penalty?If you have asked Google Baba for this, then you are also one of those who didn’t filed their ITR for F.Y 17-18 and have crossed the due date i.e. 31st Aug but want to file it now. Which have made you liable to pay 234F penalty (or late filing fee).For the ones who got up late this morning, Section 234F is a new late filing fee imposed from FY 2017-18 (AY 2018-19) for the first time on belated return. If the ITR is not filedSEE DETAILS

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Blogs, Income Tax for Starters (Basics), Income Tax Help

As the last date of filing ITR (31st August, 2018)  is just around the corner, we are sure you must have filed your return by now. But mere filing of ITR is not sufficient. After filing tax return, one has to e-verify it as well to complete the process. This is where ITR-V comes into use.When you file & submit ITR online, a document ITR-V is generated. This form is an acknowledgement by tax department that your ITR is submitted. Now to complete the process, one needs to e-verify ITRSEE DETAILS

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Blogs, Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help

How to Reset eFiling PasswordRemembering passwords is not an easy task. With so many online services like Facebook, Quora, Linkedin, Net Banking etc & each one with a secured portal, hence it is very common for an individual to forget password easily. Heck! Even you must have gotten confused in passwords/logins of different social media platforms which we use almost daily. So there is nothing new in forgetting income tax e filing login credentials, which is used max 1-2 times in a year.So what to do in such case? IncomeSEE DETAILS

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Blogs, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning

When it comes to income tax efiling many taxpayers face confusion in Assessment Year and Financial Year. They tend to presume both as the same thing & this leads to problem while e filing incometax returns. To help filing income tax return in a smooth & hassle-free manner, we bring this blog to solve all your queries related to assessment year and financial year.  Financial YearFinancial year is the year in which you have earned the income (starting from 1st April & ending on 31st March). The term “Financial Year”SEE DETAILS

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Blogs, Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help

Do you want to know, how to file ITR for FREE?It’s unfair that, first we earn money by so much hard work then pay income tax on it. On top of that, give money to CAs for filing our Income Tax Return. No injustice anymore! Today we will show, how using Tax2Win, you too can become an expert & file ITR for FREE without any help!So just follow these simple steps to file ITR for FREE within minutes.Step 1: Visit our website. Here, click on option “File ITR Now”. StepSEE DETAILS

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Blogs, Income Tax for Starters (Basics), Income Tax Help

It is a very common knowledge that Income Tax Department bifurcates income in 5 parts. These are salary, house property, business/ profession, capital gain & income from other sources.While filing ITR 1 form 2017-18, many of us face confusion about what comes under income from other sources & this confusion lead to trouble. Trouble come in the form of penalty & interest notice from income tax department on non-disclosure of income.Therefore, we present this blog to solve all your problems while filing ITR 1 form 2017-18.What are Income from OtherSEE DETAILS

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

31st July is already being in talks. Specially for the newly levied penalties under section 234F, which can cut down your pocket up to additional ₹10,000/-.Before you start filing ITR for FY 2017-18, let’s get handy with the documents and details needed in the process. For a hassle free ITR filing, first requirement is the correct selection of ITR form.Selection of ITR Form mainly depends upon        Your Residential Status        Income Sources        And Quantum of EarningsITR 1 or Sahaj Form being the simplest is apt to be furnished by a salariedSEE DETAILS

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

When it comes to filing Income Tax Return (ITR), most of us get scared.We have created an air of fear around the whole concept of income tax.This fear is nothing but lack of knowledge & guidance related to income tax return filing.With the aim to relieve everyone of this fear & reluctance. We bring 11 most common Frequently Asked Questions (FAQs), asked by common people like you & me.So buckle-up your seat-belts & let’s tackle your tax queries one-by-one.Why I should file ITR?This is the most basic question on everyone’sSEE DETAILS

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

Do you earn income from salary?Then you must be worrying about filing your ITR 1 form FY 2017-18.Well, it’s a topic worth worrying coz of new salary details asked by the Income Tax Department.Till FY 2016-17, while filing income tax return (ITR), the only details required were of gross salary/ pension income.But from FY 2017-18, new ITR 1 Sahaj Form asks for detailed salary break-up. You do not have to worry anymore. After reading our blog, you’ll be able to calculate every component on your own very easily.Before we begin,SEE DETAILS

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Blogs, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning, Income Tax Saving

In today’s modern era, we spend a lot of money on health-care, be it for ourselves or our family. So does our Government by taking steps towards public welfare. And these steps are taken in the form of income tax deductions, new laws etc. Whenever it comes to any social issue, lawmakers always try to provide more & more benefit to public.As a result, income tax laws provide various sections under which one can claim deduction of expenditure incurred on health and save taxes.Let’s discuss these sections one by one.Section 80DDSEE DETAILS

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