Articles by Sparsh Wadhwa

How to respond to Income tax notices of non-filing of ITR of previous years?

Sparsh Wadhwa 31 January 2024 at 08:51

In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.

ITR-U filing for AY 2023-24 started from 1st Jan 2024

Sparsh Wadhwa 05 January 2024 at 09:19

The Due Date for Filing Belated Income Tax Returns or revising ITR for Financial Year 22-2023 was 31st December 2023.

Last date to file Income tax return is 31st December 2023

Sparsh Wadhwa 30 December 2023 at 08:55

This article explores the importance of filing a belated return and presents a step-via-step guide on how to document it on line.

GST Annual Return Filing and Due Date

Sparsh Wadhwa 19 December 2023 at 06:49

This article will contain the detail of all supplies made and received under various heads (CGST, SGST and IGST) during the whole year along with turnover and audit details for the same.

Form 12BB for employees to submit declaration and Investment proof to save their taxes

Sparsh Wadhwa 15 December 2023 at 09:22

Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses has to be provided at the end of the financial year as well.

GST Quarterly Return Filing Option for Small Businessman

Sparsh Wadhwa 14 December 2023 at 08:56

The Quarterly Return Filing Scheme permits eligible taxpayers to file their GSTR-1 and GSTR-3B returns on a quarterly basis, in preference to month-to-month.

Decoding GST: Everything You Need to Know About GSTR-1 Filing

Sparsh Wadhwa 06 December 2023 at 09:11

The GST is a type of tax that applies to every product you see. It is a multi-stage, destination-based tax imposed on every value addition and applicable to the entire country. It has superseded chiefly other indirect taxes in India, such as excise duty, VAT, and services.

Best Tax Saving Mutual Fund to Invest in 2023

Sparsh Wadhwa 05 December 2023 at 09:06

Tax saving mutual funds are those which invest at least 80% of their assets in equities

Income tax benefit of taking car lease policy provided by employer

Sparsh Wadhwa 01 December 2023 at 08:54

Car lease policyWhen an employer talks about your salary, they mean your basic starting salary. Various components are then added to this number to create your ..

'Discard ITR' New feature Introduced by Income Tax Department

Sparsh Wadhwa 29 November 2023 at 09:09

The new 'Discard' facility allows taxpayers to manage their ITR filings more efficiently and helps rectify any inaccuracies or omissions within the specified windows. But it's essential to use it with caution as once discarded, an ITR can't be restored.