Deduction in respect of contributions given by any person to political parties – 80GGC
80GGC. In computing the total income of an assessee, being any person, except local authority and every artificial juridical person wholly …
Income Tax
Income Tax Filiing: What is form 26AS and AIS? Which is more important in filing tax returns?
Form 26AS and AIS (Annual Information Statement) are both vital documents for individuals filing income tax returns. While they …
Inoperative PAN is not inactive: IT dept on ITR filing; relief to NRIs, OCIs
Are you an NRI/OCI whose PAN card has become inoperative, despite being exempted from linking PAN with Aadhaar? The …
NRIs asked to approach tax officers with residential status proof for PAN
The Income Tax Department on Tuesday said Non-Resident Indians (NRIs) and foreign citizens whose permanent account numbers have become …
Filing ITR? Don’t forget to declare your income from other sources
When filing your tax returns, it is essential to remember to declare income from all sources and not just …
Income Tax Clarification for PAN Aadhaar link of NRI – 18.7.2023
Concerns have been raised by certain NRIs/ OCIs regarding their PANs becoming inoperative, although they are exempted from linking their …
Everything you need to know about ITR refunds
The last date for filing your Income Tax Returns (ITR) is July 31. A belated return will attract late fees …
Explained: How consultants and freelancers can file their ITR
There are less than two weeks for filing your income tax returns. If somebody is working as a consultant …
Income tax return: What is NIL ITR? Who is eligible, what are the benefits
Even though 31 July is the last date to file income tax returns, several people have the misconception that filing …
Faceless Assessment [Section 144B] Of Income Tax
![Faceless Assessment [Section 144B] Of Income Tax](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/blog-1-8-768x432.jpg "Faceless Assessment [Section 144B] Of Income Tax")
Faceless assessment means the assessment proceedings conducted electronically in “e- proceeding” facility through assessee’s registered account in the designated portal. …
