FORM GSTR 1A
ITR-1 (Sahaj) can be filed if your income is below Rs 50 lakh; Check if you are eligible or not
ITR filing: As per CA Shreya Jaiswal you can file ITR-1 only if your total income does not exceed Rs 50 lakh during FY 2023-24 (AY 2024-25) and provided you have satisfied certain other conditions as prescribed. However if you even have Re 1 of capital gains or loss you won't be able to file ITR-1
ITR filing: How to calculate taxable income for salaried, professional, freelancers and others
ITR filing: If you are a salaried individual then you need to know how to calculate taxable income for salary, professional, capital gains and other incomes. Once you have calculated the gross total income from various heads of income, you can claim deductions to reduce your net tax payable. Read here to know more.
Euro 2024: Misfiring England faces on-form Switzerland for a semifinal spot
England is playing its fourth quarterfinal game at a major tournament under England manager Gareth Southgate and won two of the previous three. Southgate's cautious tactics have brought hefty criticism from England fans, some of whom threw plastic cups at him in the group stage.
ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regime
Income tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund amount. According to CA Shreya Jaisal, "You can still claim additional deductions in your ITR even if they are not appearing in your Form 16, provided you have legitimate proof for it."
How to file ITR-2 online with salary, capital gains and other incomes for FY 2023-24 (AY 2024-25)?
ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal. This guide outlines the most effective way to file ITR-2 online, including examples of reporting salary, capital gains, and other incomes in the tax return form.
What is Form 16? How to download Form 16 to file income tax return (ITR)
How to download Form 16: The Form 16 is an important document that is provided by the employer to the employee annually, after the end of the financial year. It contains comprehensive details of the salary paid to the employee, including allowances, deductions, and net income. Additionally, it provides information on the taxes deducted at the source, such as TDS (Tax Deducted at Source). This certificate is essential for filing income tax returns as it provides a comprehensive summary of the TDS for the financial year, aiding in the accurate calculation of tax liability and ensuring compliance with tax regulations.
- Go To Page 1
UFC 304, UFC 305 dates, main events, live streaming: Will there be fight night this weekend?
UFC 304 and UFC 305 dates, main events and streaming details are out. MMA fans are also curious about this weekend's schedule.
New Zealand’s popularity soars as a study hub, witnesses 69,000 international student enrollments in 2023
Education New Zealand reported a significant increase in international student enrolments in 2023, reaching 69,135, marking a 67% rise compared to 2022 and representing 60% of 2019 figures. This surge underscores New Zealand's appeal as a study destination known for quality education in a safe environment. Linda Sissons from Education New Zealand highlighted the positive impact of international students on the education sector and communities, emphasizing the enriching cultural exchange that fosters global understanding.
Applying for a US student visa? American Embassy has a warning for you
Indian students continue to favor the United States as their top destination for overseas education, with expectations of increased student visa applications in 2024. In 2023, India issued 140,000 student visas, and the number of Indian students in the US surged by 35 percent to reach a record 268,923, constituting over 25 percent of the international student population in the country. Acting spokesperson Nicole Holler highlighted the appeal of US universities for their facilities, faculty quality, research opportunities, and career benefits.
CGHS update: Central govt employees have to mandatorily apply for new CGHS card online, how to apply, rules, documents needed
CGHS rule update for central govt employees: Serving central government employees have to mandatorily apply for a new CGHS card online, the OM said. A central government employee can visit www.cghs.nic.in to generate a temporary reference number. How can a central government employee apply for a new CGHS card. What are the documents needed to apply for a CGHS card? Who can be considered as family members to get CGHS benefits? All you need to know about how to apply for a CGHS card online.
Got Form 16 from your employer? Check these points before filing ITR
Form 16 has all the essential information to file your income tax return easily. It's crucial to double-check that the information in Form 16 is accurate. The income tax department currently provides pre-filled ITR forms on its e-filing website. These pre-filled forms make it easier to compare the information with Form 16.
IBBI introduces electronic forms for monitoring liquidation processes
IBBI introduces electronic forms to streamline liquidation, enhancing compliance. From record-keeping to distribution, the forms cover all stages. IPs face a deadline for ongoing cases under the new circular. The initiative aims to boost efficiency and accuracy in insolvency procedures.
District administration of Jiribam in Manipur has formed a reconciliation forum
Tension in Jiribam district escalated, leading to CRPF deployment after a killing. Clashes over Scheduled Tribe status resulted in 900 seeking refuge in Assam, with riots causing 220 deaths and 1,500 injuries.
US Treasury finalises new crypto tax reporting rules
The new tax reporting requirements for crypto brokers aim to improve accuracy, ensuring that crypto owners pay the tax owed on digital asset transactions. The rules will help simplify reporting and may lead to additional IRS regulations for non-custodial brokers in the future.
Sebi tweaks rules for Basic Service Demat Account. Check eligibility, charges
Sebi has introduced new rules for Basic Service Demat Accounts (BSDA). To be eligible, individuals must have only one demat account where they are the primary holder and only one BSDA across all depositories.
Video commerce offerings gain traction, Indians spent over 2 mn hours video shopping: Flipkart
Flipkart announced on Thursday that its video commerce platform has seen significant adoption, with Indian customers spending over 2 million hours on it from June 2023 to May 2024. The increase in usage highlights the growing trend of video commerce in India, driven by tech-savvy and digitally inclined consumers.
What is AIS, how to download it and how it helps taxpayers in ITR filing?
What is AIS, how to download AIS: Annual Information Statement (AIS) is a statement introduced by the income tax department in 2021. This statement is a comprehensive which help individuals and other taxpayers to get access of most of their financial transactions done in a financial year. It also helps in the knowing different sources of income.
Makeover likely to give faceless I-T assessment a friendlier face
"It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional for taxpayers. Another official said the idea is to address challenges in its implementation to ease compliance further for taxpayers. A final call will be taken shortly, the official said. The scheme was introduced on April 1, 2021, to reduce the human interface in tax disputes and assessments.
Taxpayers can amend sales return form before GST payment
GST taxpayers can now amend Form GSTR-1 with Form GSTR-1A before tax payment, ensuring accurate GSTR-3B filing. Partners like Abhishek Jain from KPMG appreciate the revision option, anticipating mechanisms like GSTR-2B for credit reconciliation. BDO India's Maulik Manakiwala highlights industry consultation, simplifying GST law and compliance, with exemptions for small taxpayers from GSTR-9/9A filings.
NASA reveals key details about SpaceX debris. Here's how
SpaceX mission's debris may not have been diminished, according to details provided by NASA.
Best BLDC Fans in India for Efficient, Silent and Consistent Air Delivery (2024)
Are you looking for a BLDC fan for your home? If so, then continue reading this article to learn about the best BLDC fans in India. These fans offer you an energy efficient, silent, consistent, and environmentally friendly experience. Explore all the given options and find the one that suits you best.
Documents required for ITR filing: 10 documents you need to file income tax return
Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list of 10 documents that a taxpayer might need to file their income tax return this year.
Form 16 due date: When will you get TDS certificate from your employer?
Last date to get Form 16: Salaried individuals need Form 16 to make the ITR filing process easier for them. It is a TDS certificate showing all the taxes deducted during the financial year as well as total income paid by an employer during the financial year. Read on to know the deadline for employer to issue Form 16.
ITR filing forms for FY 2023-24 (AY 2024-25): Which income tax return form applies to you?
ITR forms: The important part of ITR filing process is to identify the correct the income tax return form applicable to their incomes. Filing income tax return using wrong ITR form will make the filed ITR as defective ITR. Read on to know the correct tax return form applicable to your incomes.
Congress president Mallikarjun Kharge underplays political agenda of Saturday meet 'inspired by a group of NGOs'
Congress president Mallikarjun Kharge downplayed the political agenda of the June 1 meeting of INDIA bloc leaders, suggesting it was more about a group of NGOs presenting a 'vigilance agenda' on monitoring EVMs and Form 17Cs during the June 4 counting day. Sources indicate that some key Congress functionaries were influenced by these NGOs to organize the meeting. The scope for meaningful political discussion on June 1, during the last phase of voting and without knowing the results, is questioned.
'NASA-type' NSA: Why India's next National Security Adviser should be a space scientist
If the Government of India decides to appoint a new National Security Adviser (NSA) in June, it should consider someone outside the traditional choices of diplomats or spymasters. The role of the NSA should be more like the American model, focusing on coordination between security-related government wings. India's previous NSAs have varied in their approaches, with some acting more like deputy prime ministers. A space scientist could bring a fresh perspective, especially considering India's advancements in space technology and the strategic importance of space in defense and telecommunications.
TB outbreak in California's Long Beach: 1 dead, 170 likely to be exposed
Tuberculosis (TB) is a bacterial infection primarily caused by Mycobacterium tuberculosis.
GSTR-1 deadline has been extended today as recommended by GSTN due to difficulties in filing
GSTR-1 deadline: The last date to file GSTR-1 for March 2024 tax period was April 11, 2024, however GSTN has recommended to the Central Board of Indirect Taxes and Customs (CBIC) that the deadline to file GSTR-1 be extended by one day to April 12, 2024. However as of 1 pm on April 12, 2024 no circular or notification from CBIC has come in this regard.
GSTR-1 filing due date to be extended till Apr 12: GSTN
In a post on X (formerly Twitter), the GST Tech said the GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittently since Wednesday due to technical issues leading to slow response on the portal.
Load More
