Webtel
Are you ready to take advantage of the income tax rebate under section 87A in the new regime? Get ready to save more money and maximize your tax benefits with these exciting updates. In this blog, we ........ View More
Understanding the various components of salary and their tax implications is crucial. From basic salary to ad hoc allowances, each element plays a pivotal role in shaping an employee's financial lands ........ View More
Income Tax computation is subject to complexities and the choice of old vs new tax regime is a common question raised by various taxpayers. Traditionally, the old income tax regime was followed in Ind ........ View More
Section 10 of the Income Tax Act provides various exemptions to ease the burden for taxpayers. Section 10 encompasses a range of exemptions designed to reduce tax liabilities, covering diverse sour ........ View More
Income tax return for each financial year is to be filed by the prescribed due dates. Belated return can be filed by Dec 31 of the relevant assessment year i.e. the next financial year or completion o ........ View More
Form 16 and Form 16A are two essential elements of the TDS filing process that enable taxpayers to determine the tax amount payable. However, taxpayers often confuse the two Forms due to the identical ........ View More
What is Form 10B? Form 10B is an audit report provided by a CA under Section 12A of the Income Tax Act, 1961 to charitable funds, universities, educational institutions, hospitals, or other medical ........ View More
Has the Tax Audit due date got you worried? In this blog, we have covered basic things that you need to know about Tax Audit under section 44AB, the applicability, requirements, relevant forms 3CA/ 3C ........ View More
Missed the due date for filing ITR? You still have the option of filing the Income Tax Return under Section 139(4). In this blog, we will discuss the applicability and the consequences of filing the B ........ View More
What is the Due Date to File ITR? 31st July is the last date for filing Income Tax Returns for FY 2022-23 (AY 2023-24) and the inability to file ITR on time can lead to heavy penalties and fines. H ........ View More