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Step By Step Guide To File/ Pay Advance Tax Return Online In India

Advance Tax is the part of total tax that a tax payer pays out of his/ her annual tax liability before the end of the financial year i.e March 31. According to the Income Tax Department guidelines, tax payers are liable to pay advance tax on the income where tax liability is more than Rs 10,000 in a financial year …

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Difference Between Minimum Alternate Tax (MAT) And Alternate Minimum Tax (AMT)

Companies have to prepare their book profits based on the guidelines given by Income Tax Department. So, it has been noticed that the profits shown by them to their stakeholders and another for tax purposes vary a lot. The profits for tax purposes are almost nil or very less to avoid tax. To avoid the situation, government has designed different …

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Tax Exemptions And Deductions For Salary Income or Individuals

As an individual, we always prefer to save our taxes. The tax paid by a salaried person is deducted by the company as TDS. Though you should know about the following details to decrease your tax liability and enjoy the maximum possible savings. We would never prefer that our hard earned money has a major outflow because of tax payments. …

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Set-Off And Carry Forward Losses For Income Tax Purposes

There are various Income Tax Rules, under which you can set-off the losses against the gains or carry forward them to set-off in subsequent years. But these rules have to be followed with particular details for set off and enjoy tax benefits. Set-off of losses Under Section 70, the loss incurred from any source of income under any head can …

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Common Error You Might Make While Filing eReturn

There is a rush on filing eRuturns as last date is of 31 July. But while filing eReturns many of you make some common mistakes in the form or in process which you should avoid otherwise you might get in trouble or may have to pay penalty for providing wrong information to government. So here are some common mistakes which …

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Now Get Expert Help For Filing Tax Return At Your Door Steps

Filing income tax return (ITR) is a very important task that every tax payer have to do every year. But most of the Individual and HUF tax payers find it complicated, so to make this activity easy and reasonable for the tax payers Income tax department has initiated an ‘Income Tax Preparers Scheme’. Under this scheme, Income tax department has …

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