What is a Nil Return, when does it need to be filled? Filing a Nil tax return means that the taxpayer does not have taxable income. The Nil or Zero Return Income Tax Department is filed to show that your income is less than the taxable income. So, you have not filled the tax in […]
Looking for the highest paying tax funds? These are the top 4 schemes The last date for investment for tax savings in the context of the financial year 2020-21 is 31 March 2021. Have you completed a tax-saving investment for FY 2020-21? If not then hurry up. The last date of investment for tax savings […]
These Five things you must check-in Form 26AS Form 26AS is your annual tax statement. With the help of your PAN number, you can remove it from the website of the Income Tax Department. If you have paid tax on your income or any person/institution has deducted tax on your earnings, then you also get […]
Keep these 14 documents ready before filing ITR, will benefit All the necessary documents should be collected before filing Income Tax Return (ITR). This makes filing returns easier. Employed people usually use the ITR-1 or ITR-2 form to file it. Both these forms are available on the e-filing website. Apart from this, information like PAN, […]
Know which tax cases will not come under the faceless assessment. In the faceless assessment, taxpayers and tax authorities will not need to meet each other or keep an identity. New Delhi: From now on there will be a faceless assessment of income tax return. That is, taxpayers and tax authorities will not need to […]
The answer of all your question about the new Form 26AS From this year, you will see many new things in Form 26AS. Now it will also have information about tax refunds and demand (if any). Along with this, there will also be details of the shares purchased, real estate transactions, credit card bills. Come, […]
Government will issue new forms for income tax return The Income Tax Department has said that it is revising the income tax return form for the financial year 2019-20. This will enable taxpayers to take advantage of the relief given by the government due to the Corona epidemic.