Guide to printing and sending ITR-V to CPC – Income T...

24 May, 2024

E-filing of IT returns is a process of submitting tax returns online. It can be done using the tax preparation software approved by the Income Tax Departme...

Income Tax

Documents Needed for Filing Income Tax Returns in India...

Ankita Tiwari

24 May, 2024

Unless extended by the government, the last date to file Income Tax Returns for individuals is 31st July. To file Income Tax Returns, it is mandatory to as...

Income Tax

Tax Benefit to Employee on Medical Reimbursement of up...

Sobiya Ameen

24 May, 2024

Allowances and reimbursements to employees have become prevalent in the corporate world. Among such assistance from the employers, employees also enjoy med...

Act

Section 194Q of Income Tax Act: Applicability, TDS Rate...

Shreya Patel

24 May, 2024

The Central Board of Direct Taxes recently added Section 194Q to the Income Tax Act of 1961, which will take effect on July 1st, 2021. The tax at source de...

Income Tax

Section 7 of thе Incomе Tax Act, 1961

Rakesh Kumar

15 Dec, 2023

Sеction 7 of thе Incomе Tax Act, 1961, dеals with dеductions from gross total incomе. This sеction allows taxpayеrs to dеduct cеrtain еxpеnsеs...

Income Tax

ITR 3 – What is the ITR 3 Form and How to File ITR-3?...

Rakesh Kumar

15 Dec, 2023

ITR-3 is one of the 7 prominent forms of tax forms available to file an Income Tax Return. The filing process has been classified into various forms per th...

Income Tax