LATEST POSTS
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Budget 2022: What Taxpayers can Expect from the Upcoming Budget
The budget session of 2022 is on the horizon. We’re gearing up for a fantastic year in terms of the economy. The Hon’ble Finance Minister Nirmala Sitharaman will announce the Budget 2022 after just a few weeks. And because of the COVID-19 epidemic, people have high expectations from the budget this year. Here are a…
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Latest Update: For the Assessment Year 2021-22 Due Date for Tax Audit Cases Extended
In light of the difficulties reported by taxpayers and other stakeholders as a result of COVID and electronic filing of various audit reports under the provisions of the Income-tax Act of 1961 (Act), the Central Board of Direct Taxes (CBDT), in exercising its powers under Section 119 of the Act, relaxes the following requirements: In…
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Only One Day Left To File ITR: Here Are 6 Things To Keep In Mind
For those who are unfamiliar with the process, filing an income tax return (ITR) can be a daunting task. Because this is a complicated and technical procedure, there is a great risk of making mistakes if you provide wrong or incomplete information. Especially if you are filing your income tax return on the last day,…
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Rebate Under Section 87-A and Income Tax On Gains From Shares: Here’s Everything You Need To Know
Section 87A of the Income-Tax Act allows you to claim a maximum rebate of up to Rs12,500. The total tax becomes NIL if the income in a financial year is equal to or under 5 Lakhs. However, if there are gains from shares in that FY, the rebate given under this section may not be…
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Why ITR Filing Date May Get Extended Beyond 31 December 2021? Find Out Here!
Will the income tax filing date extend beyond 31st December 2021? Find out here!