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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

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

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

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

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

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

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

Blogs, Income Tax Help, Income Tax Learning

When it comes to filing Income Tax Return, we are always told to file before 31st August (i.e. the deadline). Then we are told, what to do next, if we miss ITR deadline. But have you ever wondered, what are the consequences if I miss ITR deadline?Well to solve your query, we bring a list of outcomes if you miss ITR deadline. So buckle-up your seat-belts coz it’s gonna be a fun ride!Section 234FNew section 234F is literally the most discussed topic among all the taxpayers. And why it shouldn’tSEE DETAILS

Blogs, Income Tax Help, Income Tax Learning

A friend of mine (Fred) recently quit his job & he was confused about filing his income tax return. And someone also suggested him to file a Nil Return due to which he got even more confused. As he knew that I worked as a tax consultant so he approached me for help.Fred: Hey Win, how are you doing? It’s been a long time.Win: Yeah, tell me. The last we met it was almost like 2 months ago. What’s keeping you so busy buddy?Fred: My job, it was so hecticSEE DETAILS

Blogs, Income Tax Help, Income Tax Learning, Income Tax Saving

Constructing/ purchasing a new house is not an easy task. A common man exhausts all his life’s saving & also take a home loan to make this dream a reality. Hence to help the citizens, income tax act provides deduction of interest paid on home loan under Section 24.Section 24 of income tax act says that, if any house is acquired, constructed using borrowed capital. Then interest paid on such borrowed capital is eligible for deduction & the amount of deduction is as follows:CaseMaximum Interest Deduction (₹) Capital is borrowedSEE DETAILS