How to Link Aadhaar Number with PAN Card?

Income Tax return filing season is on. You are required to link your Aadhaar number with the PAN card. Users have the flexibility to do it both online and offline. Have you been nudged with a pop-up message from the Income Tax department, asking if you have linked Aadhaar wi[...]

All Education Loans Do Not Get Income Tax Benefits

While education loans from all banks can provide you the section 80E benefit, loans from NBFCs may or may not. As the cost of higher learning has risen, demand for education loans has gone up. According to a study by Crif High Mark, one of the four credit bureaus in India, [...]

Include These 5 Incomes While Filing Your ITR

While filing the ITR, the salaried people generally disclose their salary income only and forget to disclose other incomes In a hurry to file income tax returns, many a time individuals forget to disclose all income. This not only shows incorrect picture of your income but a[...]

5 Ways to E-Verify Your Income Tax Return

Majority of the taxpayers think that Income tax filing is complete once the return is uploaded, but this is not so. After filing your income tax returns, you need to get your ITR-V (acknowledgement received on filing ITR) verified. Then the process is complete. Earlier, it was[...]

Using 26AS? Check your Tax Credit Twice!

The ITR that you file is only as good as the source from which you update the data. Ensuring that the source data is correct is essential before starting the e-filing process. This includes the tax credit statement form 26AS. What is Form 26AS? Form 26AS is basically a conso[...]

Why Should You File Income Tax Return on Time?

The tax returns season is underway. You must take all steps to ensure your return filing is error-free. For this, it is important to file your returns punctually by the July 31 deadline and to keep yourself updated about any changes in the tax filing norms. If you wait till t[...]

Six Changes in ITR-1 Form That You Must Know

Income tax filing deadline is near, and some people might get confused about which form they need to file as they are not aware of the changes in ITR forms. It is to be noted that if you fail to comply with the new requirements mentioned, you may get a notice from the Income T[...]

ITR E-Filing: Six Things You Should Know

“The only thing that is constant is change” One must always be updated of the recent changes in their environment. The same holds true for the tax payers too. Income tax is like an ever-changing ocean of knowledge which one needs to maintain a constant watch on. Followin[...]

All You Need to Know About Indian Accounting Standard

Introduction Indian Accounting Standard (abbreviated as Ind-AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. ASB is a committee under Institute of[...]

What Should Be Done If E-Way Bill is Not Generated?

“Mr. A, the accountant of XYZ Ltd, Jayanagar had omitted generation of E Way bill for a consignment sent from Jayanagar to Bellandur due to clerical mistake while preparing invoice, showing the consignment value to be Rs 25,000/-, wherein its correct value was Rs 2,50,000/-. &n[...]

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