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Things you must know about ITR filing for FnO Trader
Things you must know about ITR filing for FnO Trader If you have income from Futures and Options (F&O) trading, you are required to file your income tax return (ITR) and report the income generated from such activities. Here are some key points to consider when filing your ITR for F&O income: Remember, it is […]
Deductions and Exemptions in Income Tax for salaried individuals in India
Deductions and Exemptions in Income Tax for salaried individuals in India Many people have asked for the Deductions and exemptions available to salaried individuals in India for income tax purposes. Here I have tried to list a few. However, please note that tax laws may change over time, and it is always a good idea […]
Step-by-step guide to filing salary return in India
Step by Step Guide to file your Salary Return Filing your salary return in India involves several steps. Here’s a step-by-step guide to help you through the process: Remember to keep copies of all the documents and receipts related to your income, deductions, and tax payments for future reference or in case of any […]
Tax planning strategies for Individuals in India
Tax Planning Strategies for Individuals in India Today, thought to provide you with some general tax planning strategies for individuals in India. However, please note that tax laws and regulations can change over time, so it’s always a good idea to consult with a tax professional or financial advisor for personalized advice. Here are some […]
Who needs to File Income Tax Returns???
Who should file Income Tax returns??? In India, the Income Tax Act, 1961, requires individuals, Hindu Undivided Families (HUFs), companies, partnership firms, and other entities to file their Income Tax returns (ITR) if they meet certain criteria. Here’s a breakdown of who should file ITR in India based on different categories: 1. Individuals: Individuals need […]
Why you should take the help of an expert while filing ITR.
Why you should take the help of an expert while filing ITR Filing an Income Tax Return (ITR) with expert assistance rather than doing it oneself can provide several benefits and ensure a smoother and more accurate process. Here are some reasons why individuals should consider seeking expert assistance for filing their ITR: 1. Knowledge […]
What are the drawbacks of portals that facilitate Self-ITR filing services?
What are the drawbacks of portals that facilitate Self-ITR filing services Nowadays, self- Assisted -ITR filing portals are emerging and chosen by a large number of people. But, our population is not aware that the same can be done through our official income tax portal and you don’t need to take the help of any […]
Problems in self-filing Income tax Returns.
Problems in self-filing Income tax Returns. often I get a question. “can I file my own Income tax return??” So, I thought of putting it down in my words. Yes, you can file your own ITR but read this post before taking the risk. Filing an income tax return (ITR) by yourself can sometimes be […]
Consequences of Non-Filing of Income Tax Returns in India
Consequences of Non-Filing of Income Tax Returns in India Today, I would like to discuss an important matter that concerns individuals who have not filed their Income Tax Return (ITR) in India. It is crucial to understand the potential consequences of non-filing, as the Indian tax system places significant importance on compliance. Please note that […]