Income Tax Return (ITR) filing is a statutory obligation and a key financial discipline. For salaried individuals, professionals, business owners, and investors, Income Tax Return Filing in Greater Noida, needs timely and accurate ITR filing which is essential to remain compliant, claim refunds, and build long-term financial credibility. With frequent changes in tax laws, expanded […]
Income Tax
Section 44AD: Complete Guide
The Government of India introduced Section 44AD under the Income Tax Act, 1961 to simplify the process of filing income tax returns for small businesses. Known as the Presumptive Taxation Scheme, it allows eligible taxpayers to declare income on a presumptive basis, reducing compliance burdens and eliminating the need for maintaining detailed books of accounts. […]
Income Tax Return Last Date: FY 2024-25
Every taxpayer should file income tax returns on time if he is required to file income tax return. Whether you are a salaried employee, pensioner, or a business owner, you should keep track of the income tax return last date and ensure that you avoid penalties, late fees, and unnecessary stress. In this article, we […]
Capital Gain on Sale of Property
Capital gains tax is one of the most significant taxes levied on individuals and entities when a property is sold for a profit. In India, income from sale a residential or commercial property falls under the ‘Capital Gains’ head in Income Tax. In this article are define as capital gain on sale of property. What […]
Section 194N TDS On Cash Withdrawal from Bank
Section 194N of the Income Tax Act, 1961 is effective from 1st September 2019. This section was brought into force to discourage cash transactions and promote digital economy by levying Tax Deducted at Source (TDS) on cash Withdrawal from Bank above a certain limit. In this article, we’ll discuss the complete procedure, threshold limits, TDS […]