Mistakes one should avoid while filing ITR

Most of the individual taxpayers file their own ITR themselves. Since income tax is a complex law, an ordinary taxpayer is bound to commit certain mistakes while filling the ITR forms. In this article I intend to discuss some of the most common mistake committed by individual taxpayers while filling the ITR and which can be avoided. Filling in […]

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Incomes which we generally forget to include in our ITRs

Many salaried and retired taxpayers file their Income Tax Return (ITR) themselves and they are bound to commit certain mistakes due to absence of proper knowledge of tax laws, which are anyway complex even for tax professionals like me. Based on my earlier experience as a practicing Chartered Accountant, I intend to enumerate some of the items of […]

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Know these rules before filing ITR if you had pay cuts or withdrew PF

  The tax-filing season has started. Last year, due to the pandemic, many people faced certain unprecedented situations such as pay cuts, pay deferments and job losses. These have impacted their incomes. Many people withdrew their savings to fund their immediate cash needs. The government also brought certain changes in tax rules to provide certain […]

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Income Tax Deadlines Extended: These Taxpayers Still Must Pay Double TDS if Not Filed by June

The Central Board of Direct Taxes (CBDT) has recently extended various deadlines related to income tax to provide some relief in the wake of second wave of coronavirus outbreak. Now taxpayers will have time till July 15 to file the TDS for the last quarter of financial year 2020-21. However, there has been no changes in certain deadlines. Some taxpayers […]

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PAN-Aadhaar linking deadline extended again by 3 months, check last date here

The Indian government has extended the PAN-Aadhaar linking deadline one more time. This time, the deadline has been extended by three months again to September 30, 2021, from the existing deadline for June 30, 2021. Minister of State for Finance & Corporate Affairs Anurag Thakur took it to Twitter to announce the deadline extension. The […]

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