Income Tax Articles

New ITR Forms for FY 2022-23 (AY 2023-24): Everything you need to know to file your taxes

Rashmi 13 April 2023 at 08:46

The Income Tax Department has released JSON Schema for ITR 1 and ITR 4 for the Assessment Year 2023-24 (corresponding to the Financial Year 2022-23).

Impact of Amendment by Finance Act, 2023 on Non-Resident/Not Ordinarily Resident

Geetanjali Pandey 11 April 2023 at 15:08

A person is said to be non-resident individual if satisfies any of the following conditions

Cost Inflation Index (FY 2023-24)

Rashmi 11 April 2023 at 14:12

Cost Inflation Index (CII) is a measure used in India to adjust the inflationary effects on the cost of assets. It is basically an index that reflects the changes in the prices of goods and services over a period of time.

Section 194BA: TDS on Winnings from Online Gaming

JITESH TELISARA and ASSOCIATES 11 April 2023 at 10:43

All the income earned through winnings from lottery, crossword puzzle, gambling, betting, horse racing and any similar nature were taxed under section 194B of t..

Benefits available for senior citizens under IT Act 1961

Divyanshu Sharma 11 April 2023 at 10:10

Benefits for Senior Citizens under Income Tax Act 1961

Top 10 Income Tax Amendments applicable from April 2023

Vishal Punchhi 10 April 2023 at 12:48

10 Income Tax Amendments that are applicable from April 2023

Self Assessment Tax & Additional Income Tax: Updated Return u/s 139(8A) Read With Section 140B

Latish Alwani 08 April 2023 at 16:09

Self Assessment Tax & Additional Income Tax

Section 73 of CGST Act 2017

Harsh Kaushik 08 April 2023 at 12:10

Section 73 talks about the determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized for any reason other than fraud or any willful-misstatement or suppression of facts.

NPS vs OPS: Why NPS is the clear winner for retirement planning

Rashmi 08 April 2023 at 08:59

The Finance Ministry has set up a group to review the pension system for government workers. The committee will be led by Finance Secretary T V Somanathan and will suggest ways to improve pension benefits for government employees.

Auto Calculate & Automatic IT Preparation Excel Based Form 16 for FY 2022-23 and AY 2023-24

Pranab Banerjee 08 April 2023 at 08:59

Everything you need to know about Form 16 - TDS Certificate for Salary | With Auto Calculate Income Tax Form 16 Part A&B and Part B for the FY 2022-23 & AY 2023-24 in Excel