How to rectify mistakes in your ITR using Section 154 of the Income Tax Act. Covers eligible errors, time limit for filing rectification, online filing process, and what happens after submission.
Comprehensive guide to income tax rules in India for taxpayers and professionals. Covers key provisions of the Income Tax Rules 1962, filing requirements, deductions, assessment procedures, and recent amendments.
How to declare foreign shares in your ITR as an Indian resident. Covers Schedule FA disclosure, valuation of foreign shares, applicable ITR form, dividend tax treatment, and FEMA reporting requirements.
Section 139(4) of the Income Tax Act explained. Covers belated return filing rules, the deadline to file a late ITR, applicable penalty under Section 234F, and limitations on carry-forward of losses.
Tax audit applicability under Section 44AB explained. Covers who needs a tax audit, turnover thresholds for business and profession, presumptive taxation exceptions, and due date for filing Form 3CA/3CB and 3CD.
ITR-1 SAHAJ form explained — who should file, income eligibility conditions, salary and house property income reporting, deductions allowed, and how to file ITR-1 online on the income tax portal.
6 important reasons to file your income tax returns on time in India. Covers avoiding penalties, carrying forward losses, loan applications, visa processing, refund claims, and maintaining a clean tax compliance record.
Should you file your income tax return even if not mandatory? Covers who is required to file, benefits of voluntary filing, refund claims, carry-forward of losses, and how ITR filing helps with loans and visas.
Income tax return forms explained for Indian taxpayers. Covers ITR-1 through ITR-7, who should file each form, types of income covered, and how to choose the right ITR form for salaried, business, and professional taxpayers.
ITR-5 income tax form explained. Covers who must file ITR-5, applicable entities including LLPs, AOPs, BOIs, and firms, types of income to report, and how to file ITR-5 on the income tax portal.
