Missed e-Verification of ITR? Reasons, Consequences, and Solutions for Invalid Income Tax Returns Missing e-verification of your Income Tax Return (ITR) means your return has not been validated as required, and the Income Tax Department will treat it as not filed. The main cause is failing to complete the verification step within 30 days of […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
House Rent Allowance tax exemption is a widely used benefit employers provide to employees to help them with their rental expenses. HRA can be claimed under Section 10(13A) of the Income Tax Act, 1961, for rent paid for accommodation, but specific guidelines and conditions must be met to avail of this exemption. One such situation […]
The Full Form Of DTAA The Full form of DTAA is the “Double Taxation Avoidance Agreement.” DTAA is an agreement between two countries That aims to eliminate or reduce the double taxation of income or wealth that may arise when a taxpayer is a resident of one country but earns income or holds assets in […]
Transfer pricing refers to the pricing of goods, services, or intangible assets transferred between related entities, such as parent and subsidiary companies, within a multinational enterprise. The Income Tax Act (ITA) of a country typically includes provisions to regulate transfer pricing to ensure that transactions between related parties are conducted at arm’s length. Here’s an […]
Demystifying Income Tax Returns: A Comprehensive Guide Introduction: Filing income tax returns is an essential part of every citizen’s financial responsibilities. However, understanding the intricacies of income tax can be challenging and overwhelming for many individuals. This comprehensive guide aims to demystify income tax returns and provide a clear understanding of the process. Whether you […]