Taxfiling Incometax PowerPoint PPT Presentations

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Income tax in India is a mandatory levy on individuals and businesses based on their income. Managed by the Income Tax Department, it funds public services and infrastructure. Tax rates vary by income level, with the system encouraging compliance through online filing.

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Filing ITR online step-by-step guide for FY 2021–2022 (AY 2022-23). ITR filing deadlines for businesses and the last day to file. Learn more! For more info, https://academy.tax4wealth.com/blog/easiest-way-for-filing-itr-online

Income Tax Department is sending mails and messages to taxpayers regarding linking of PAN with Aadhar. It is mandatory to link PAN with Aadhar upto 31/03/2023 otherwise PAN shall become invalid.

The Central Board of Direct Taxes (CBDT) has introduced a new functionality in the Annual Information Statement (AIS) for taxpayers, enhancing transparency and accuracy in tax reporting. This new feature allows taxpayers to view the status of their feedback in real-time, ensuring that their financial transactions are correctly reported. In this article, fictional characters Arjuna and Krishna discuss the implications and impact of AIS on filing Income Tax Returns, highlighting the benefits of the new functionality.

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This article provides a detailed overview of income tax, including its definition, the administrative framework, return filing period, who is liable to pay tax, how to pay tax, precautions in tax payment, advance tax calculation, income tax challans, Form 26AS, exempt income, taxable income, maintaining books of account, professions, and the period for which records should be kept. It also covers topics such as revenue receipts, capital receipts, agricultural income, and relief from double taxation.

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Every company whose income is less than 15% of its book profit (as of AY 2020-21) is obliged to acquire a Form 29B report from a Chartered Accountant. This report should be received and submitted one month prior to the due date for filing a return under Section 139(1), or with the return of income provided in response to a notice under Section 142(1). (i)

Numerous businesses are presently giving negative returns while a slump looks unavoidable. It is yet clouded how long the pandemic will stay and how adversely it will affect the wealth in the future. Being said, when the conditions are not looking fortunate, what should be your approach to address your wealth? Experts at Cubed Consultancy have cited a few tips in this care which you are likely to find valuable.

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In this Finance Buddha PPT, know The Dos and Don’ts for filing Income-Tax Return as the last date for filing income tax returns is almost here. For More info about these documents https://financebuddha.com/blog/the-dos-and-donts-for-filing-income-tax-return/ Do you want to apply for same day loans https://financebuddha.com/insta-loan

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