Articles by Soumya Laha

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Income Tax E-filing 2.0 New Portal - A bunch of problems & Few solutions

  Soumya Laha    16 June 2021 at 09:35

The Income Tax Department has totally disappointed us after launching the new E-filing 2.0 website. Some issues and observations regarding the New Portal have been highlighted in this article.



TDS deducted? Be careful if you are filing ITR only with Form 26AS

  Soumya Laha    29 April 2021 at 09:53

If a taxpayer files TDS details in ITR only with Form 26AS details before 31st May, then there is a chance of mistakes. Thus, it is important to wait for Form 16 or Form 16A certificates.



Company Dividend is Taxable from FY 2020-21 but What about Mutual Fund Dividend?

  Soumya Laha    30 March 2021 at 09:54

There are very few clarifications regarding Mutual Fund Dividend Exemption under section 10(35). Is it still available or not? Let's read and understand with official links.



Income Tax Deductions FY 2020-21 / AY 2021-22

  Soumya Laha    23 March 2021 at 09:44

Discussing Income Tax Deductions u/s 80C, 80CCC, 80CCD(1), 80CCD(1b), 80D, 80E, 80EE, 80EEB, 80G, 80GG, 80GGC, 80TTA, 80TTB, 24(b), and 87A that are applicable for FY 2020-21.



GST Rates with HSN code on Household Electrical Devices & Appliances

  Soumya Laha    22 March 2021 at 09:39

Generally there are four rates such as 5%, 12%, 18% & 28% under GST. Also there are Zero rated, Nil rated and Exempted category under GST.



ITR Processed but Refund Failed - What to do?

  Soumya Laha    12 February 2021 at 12:15

'Your refund has failed, please raise a Refund Reissue Request', if you get this kind of email or sms after receiving ITR Processing Intimation u/s 143(1) then you need to follow just 2 simple steps to get you Income Tax refund.



When will CPC start to process Income Tax Returns for FY 19-20 / AY 20-21 and give Refund? Here is the answer

  Soumya Laha    02 December 2020 at 12:42

CPC has started to process Income Tax Returns from 23rd November 2020. So, if you filed and verified your ITR successfully, your ITR will be processed soon.



Changes in ITR-5 for AY 2020-21

  Soumya Laha    06 June 2020 at 09:45

Changes in ITR-5 for AY 2020-21



Tax Audit u/s 44AB limit increased upto 5 Cr. w.e.f. AY 20-21- Is it applicable to all businesses?

  Soumya Laha    20 February 2020 at 10:34

Tax Audit U/s 44AB limit has been proposed to increase up to Rs. 5Cr. from AY 2020-2021 for MSME sector in Union Budget 2020 but several conditions apply.



How to Reset Your Income Tax E-filing Password? - If unable to reset through forgot password options.

  Soumya Laha    30 January 2020 at 10:29

Resetting Income tax e-filing password is not so difficult for a taxpayer but it becomes difficult when the mobile no. and email id. is not belongs to the taxpayer.