presumptive taxation scheme

Tax filing tips: ITR-1 and ITR-4 simplify taxes for many, but don’t follow blindly. Check key exceptions

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Tax filing tips: ITR-1 and ITR-4 simplify taxes for many, but don’t follow blindly. Check key exceptions

Tax season can feel like a maze, especially with the alphabet soup of ITR forms on offer. But filing your Income Tax Return (ITR) right and on time isn’t just a civic duty; it’s a shield against future legal trouble. As the 2024-25 financial year nears its end for individuals and non-audit cases, understanding which … Read more

Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

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Advance tax: March 15 is deadline of last instalment; what penalty will you pay if you miss it

The Income Tax Department has issued a reminder that the final installment of advance tax for the financial year 2024-25 must be settled by March 15, 2025. This means that only three days, including today, remain until the payment is completed. It is mandatory to settle all outstanding advance tax obligations by the specified date. … Read more