TAX FILING IN INDIA

Income Tax Returns: What are the consequences of not verifying your ITR within 30 days

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Income Tax Returns: What are the consequences of not verifying your ITR within 30 days

ITR filing AY2024-25: Filing your returns is a lengthy task and therefore, should be planned step by step. While the deadline of filing your Income Tax Returns (ITR) was July 31, just filing the returns is not enough. It is crucial to highlight that the Income Tax Return (ITR) process goes beyond simply submitting the … Read more

Don’t forget to fill out this form if you are opting for old tax regime while filing ITR

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Don’t forget to fill out this form if you are opting for old tax regime while filing ITR

Starting from FY2023-24, the new tax regime in India is set to become the default option for taxpayers. But taxpayers who want to avail deductions such as home loan, House Rent Allowance, Public Provident Fund, etc still have the flexibility to opt for the old tax regime if it benefits them financially. For taxpayers who … Read more