Income Tax

ITR 7 Form – FY 2020-21 / AY 2021-22

ITR 7 Form – FY 2020-21 / AY 2021-22 ITR-7 form is to be used when the tax assessee is a Trust, filing as a Company, Firm, Local authority,...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 6 – FY 2020-21 / AY 2021-22

ITR 6 – FY 2020-21 / AY 2021-22 A Company uses this Income Tax Return (ITR) 6 as per section 2(17) of the Income Tax Act; this form is...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 5 Form – FY 2020-21 / AY 2021-22

ITR 5 Form – FY 2020-21 / AY 2021-22 This Income Tax return is meant for firms, LLPs, AOPs (Association of persons) and BOI’s (Body of Individuals), Artificial Juridical...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 4 Form – FY 2020-21 / AY 2021-22

ITR 4 Form – FY 2020-21 / AY 2021-22 ITR 4 Form is the Income Tax Return form for the taxpayers who opt for a presumptive income scheme under...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 3 Form – FY 2020-21 / AY 2021-22

ITR 3 Form – FY 2020-21 / AY 2021-22 The ITR 3 is applicable for individuals and HUF who have income from profits and gains from Businesses or professions....


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 2 – FY 2020-21 / AY 2021-22

ITR 2 – FY 2020-21 / AY 2021-22 The income tax department has designed various ITR forms depending on multiple criteria. Taxpayers have to choose the proper ITR forms...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

ITR 1 Sahaj – FY 2020-21 / AY 2021-22

ITR 1 Sahaj - FY 2020-21 / AY 2021-22 The Income Tax Department has designed various ITR forms depending on multiple criteria. Taxpayers have to choose the proper ITR...


Posted By Comments: Comments Off 0Post Date: September 24, 2021

TDS Rate Chart for FY 2021-22 | AY 2022-23

TDS (TAX DEDUCTED AT SOURCES) Tax Deducted at Source (‘TDS’) is form of direct taxation. TDS aims to collect tax at source of income. This act as check mechanism for person...


Posted By Comments: Comments Off 0Post Date: May 16, 2021

Govt respite measures announced on 1st May’2021

Government has come up with respite measures during this pandemic with following relaxation announced on 1st May, 2021.   In exercise of its powers under Section 119 of the Income-tax...


Posted By Comments: Comments Off 0Post Date: May 1, 2021

House Rent Allowances – HRA

House Rent Allowances – HRA HRA – House Rent Allowances is a component of salary towards rent paid by salaried individuals, and tax deduction is allowed on the payment...


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