Post by: Renu Suresh in Income Tax
TDS (Tax Deducted at Source): All You Need to Know TDS serves as a method for directly collecting taxes from individuals' money. When someone makes a payment to you, they must withhold a certain amount of Tax and then remit…
Post by: Renu Suresh in Income Tax
TAN Number: A Comprehensive Guide for Taxpayers In India, individuals or entities responsible for collecting tax at source (TCS) or deducting tax at source (TDS) receive a distinctive 10-digit alphanumeric identifier known as the TAN, which the Income Tax Department…
Post by: Renu Suresh in Income Tax
ITR 2: Your Guide to Income Tax Return Filing In India, taxpayers are categorized based on Income, and specific Income Tax Return (ITR) forms are assigned to individuals according to their income sources. Among these forms, ITR-2 is designated for…
Post by: Renu Suresh in Income Tax
ITR 1 Filing: Guide to File Income Tax Returns Online As you know, filing an Income Tax Return involves submitting the corresponding income tax form to the relevant tax department. The selection of the appropriate form depends on the nature…
Post by: Renu Suresh in Income Tax
ITR Filing in India: Your Complete Guide In India, Income Tax Return (ITR) filings are essential. They capture your financial activity during a fiscal year—income, investments, deductions, and taxes paid. ITR reflects your contribution to public services and infrastructure. Whether…
Post by: Renu Suresh in Income Tax
Guide to TDS Return Filing in India TDS return filing, an integral part of the tax system, involves reporting and submitting details of tax deductions made at the source. It ensures smooth tax collection and helps individuals comply with tax…
Post by: Renu Suresh in Income Tax
Form 16: Comprehensive Guide Form 16 is essential when filing your income tax return (ITR), particularly for individuals who receive a salary. This document is a Tax Deducted at Source (TDS) certificate, providing a comprehensive overview of an employee's earnings,…
Post by: Renu Suresh in GST Income Tax
Guide to 80G Registration A NGO can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration does not provide any benefit to the persons making donations. The Income Tax Act has certain…
Post by: Renu Suresh in Income Tax
Comprehensive Guide to Form No. 10A - Trust Re-registration Process Form 10A is an essential document for the re-registration of trusts in India. It is a crucial procedure that trusts, or organizations must adhere to maintain their activities' legality and…
Post by: Renu Suresh in Income Tax
ITR-1: Key Differences between the Old and New Tax Regime Filing income tax returns is a significant financial obligation for individuals, and understanding the different tax regimes is crucial for accurate reporting. With the introduction of the new tax regime…
