On 5th July evening, I was busy to understand Budget 2019 and its impact on Tax. “There will be no use of PAN card! Is it true?” One of my clients asked me. Believe me, I was ready for that particular question. “No. Not like that”. I replied. He looked at me. There was a … Read moreBudget 2019: 16 Key Points related to Tax
So, you want to know how to reset the income tax e-filing password. It is very easy. If you want to file your ITR, you have to login in your e-filing portal. For this, the user-id and password are very important. By default, your PAN is your user-id. And at the time of registration, you … Read moreHow to Reset Income Tax e-filing Password?
You can pay your income tax in both offline and online mode. However, it is very easy if you choose online mode. Actually, the procedure of online tax payment system is very user-friendly. It is really hassle-free. So, why not you choose the online mode instead of offline mode? And, the best part is you … Read moreHow To Pay Income Tax Online?
It is very important to know how to register and log in on the Income tax e-filing website. Why? Otherwise, you can’t file your returns online. And it is the very first steps in your total income tax journey. You have already earned your income, TDS has deducted already and now you want to file … Read moreHow to register and log in on the income tax e-filing website
Hello Taxpayer! How are you? Are you ready to file your return for the A.Y. 2019-20? I hope you are all engaged in last minute preparation for tax computation and return filling. All the tax consultants are very busy now. Why???? Because the deadline for return filing is 31st July (For normal taxpayers). Today, I … Read moreHow to file ITR-1 for the A.Y. 2019-20
In general, you are liable to pay tax in respect of your own income. However, sometimes it may not happen. In some specific cases, the income of other persons may be added with your income. Your income tax liability will be calculated on the basis of such total income. It is known as “Clubbing of … Read moreHow to understand Clubbing of Income provisions under the Income Tax Act
The income tax liability of a person can be calculated on the basis of income tax slab for the relevant assessment year. So, income tax for the current assessment year can be calculated on the help of income tax slab for assessment year (A.Y.) 2019-20. It is really important to know the correct slab otherwise … Read moreIncome Tax Slab For A.Y. 2019-20
Taxability of gifts and its exemption ruless is an important topic in Income Tax. The term “Gift” is very well known to all. In general terms, the gift means a presentation to any nearest and dearest one on the eve of any occasion. It may be either in cash or in kind. However, in a … Read moreTaxability of Gifts: Gift Tax and Its Exemption Rules
The term “Dividend” is very well known to us. It is a payment made by the companies to its shareholder out of its profit or reserve. But what is the tax on dividend income? Is the dividend income taxable in the hands of taxpayers? What is the rate of tax on the dividend? All the … Read moreTax on Dividend Income in India
Hello Taxpayers! The return filing period for the Assessment Year 2019-20 is knocking the door. You are all busy to ensure the fulfillment of the required amount of tax deduction right now. Some of you are busy to make proper tax planning to reduce tax liability. For example, payment of the final advance tax before … Read more18 Mistakes You Should Avoid While Income Tax Return Filling. A.Y. 2019-20