Welcome to the vibrant city of Muzaffarnagar, where the scent of sugarcane lingers in the air and dreams of prosperity take flight. Amidst the bustling streets and thriving businesses, there exists a crucial endeavour that holds the key to unlocking financial growth and securing your future by filing Income Tax Return (ITR). While the paperwork…
Shimla is a breath-taking hill station nestled amidst the majestic Himalayas. It is not only known for its scenic beauty but also for its seamless integration of technology and convenience. As the digital era paves the way for innovative solutions, Shimla embraces the power of online platforms to simplify the tax filing process. Gone are…
Welcome everyone to the digital age of taxation, where the inconvenient process of filing Income Tax Returns (ITR) has been more efficient and made more comprehensive than ever. Pune, a city of innovation and technological advancements, embraces the convince of online tax filing with open arms. As the financial hub of Maharashtra, Pune houses several…
Tax season can often feel like an intricate maze, where rules and regulations twist and turn, even leaving taxpayers perplexed. But no need to fear as we are here to unravel the mystery and guide you through the labyrinth of online (ITR) Income Tax Return filing for AY 23-24. Thus, say goodbye to piles of…
Trusts are widely recognized as important vehicles for managing assets, providing for beneficiaries, and contributing to charitable causes. While trusts offer various advantages, they also have certain obligations, including income tax assessment. In this article, we will explore the income tax assessment rules applicable to trusts for the assessment years 2022-2023 and 2023-2024, providing insights…
Taxation is an essential aspect of any modern economy, and the United States is no exception. The U.S. tax system is complex, with a wide range of tax laws, regulations, and procedures. For individuals living and working in the United States, understanding U.S. taxation is crucial. In this article, we’ll provide an overview of U.S….
Financial planning is one of the most important aspects in achieving one’s life goals. A solid financial plan may help us manage our income, expenses, and investments, allowing us to live the life we want while accounting for shifting expenses, unforeseen expenses, and economic downturns. But how can one develop a plan that controls risk…
Buying a home is a significant investment for most people. To ensure that the investment is safe, the government has introduced various regulations to protect the interests of homebuyers. Two important regulations that a homebuyer should be aware of are the Real Estate (Regulation and Development) Act (RERA) and Income Tax laws. In this article,…
When someone passes away, their legal heirs have to apply for registration as legal heirs with the Income Tax Department to inherit their assets and file their tax returns. However, sometimes the application for registration as legal heir may be rejected due to various reasons, including incorrect or insufficient documentation. In such a scenario, it…
The Income Tax Act of 1961, contains various provisions related to the filing of income tax returns and assessment procedures. One such provision is Section 139(8A) which pertains to the rectification of mistakes in the tax return. Section 139(8A) of the Income Tax Act, 1961, was introduced by the Finance Act, 2020, and came into…