LegalRaasta ITR return Knowledge Portal2016-11-22T13:26:42+00:00

Tax avoidance is lawful; Tax avoidance is criminal

Tax Avoidance and Tax Evasion are two idioms that serve a common motive i.e ‘To lessen the amount of tax from person, firm or any legal entity’s earnings” but one dissimilarity which can be drained from these two conceptions is that one focus to do it in a legal manner and other seek for an illegal manner. Every solitary or [...]

By |September 1st, 2021|Categories: ITR Filing|Tags: , , , , , , , , , , , |Comments Off on Tax avoidance is lawful; Tax avoidance is criminal

Consequences of Failing to File an Income Tax Return

The deadline to file an income tax return (ITR) for the fiscal year 2020-21 is approaching quickly. As of December 28, 2020, the income tax department announced that over 4.37 crore income tax returns for the assessment year 2020-21 had been filed, up from 4.23 crore the day before. Due to pandemic-related delays, the deadline for filing an ITR without [...]

By |June 23rd, 2021|Categories: ITR Filing|Tags: , , , , , , , , |Comments Off on Consequences of Failing to File an Income Tax Return

Forms for AY 2021-Issued Return of income tax return

In a form called 'Income Tax Returns,' taxpayers report revenue (Income-Tax Return). The Central Government prescribes this form annually. It takes into account annual changes in the budget. New ITR forms were notified on 31 March 2021 for the 2020-21 financial year (the assessment year 2021-22). These forms must be submitted with returns for the current tax filing season. There [...]

By |June 19th, 2021|Categories: ITR Filing|Tags: , , , , , , , , , , |Comments Off on Forms for AY 2021-Issued Return of income tax return

NRI Status and Taxation: New criteria & how income will be taxed in India

Among the global pandemic crisis and the expected economic confusion, the Finance Bill was passed by the Parliament with some significant relaxations on March 23, 2020. The changes originally proposed in Finance Bill 2020 relaxed at the time of passage of the Bill in the conditions for determining an individual's residential status in India. This change will directly affect the [...]

By |February 12th, 2021|Categories: Save Income Tax|Tags: , , , |Comments Off on NRI Status and Taxation: New criteria & how income will be taxed in India

How to e-file Form 15G & upload form-15g online: Details

Form 15G is a declaration that fixed deposit holders (individuals younger than 60 years of age and HUFs) should fill out to ensure that no TDS (source tax deduction) is deducted annually from their interest income. In accordance with the income tax law, in the case of interest received on your fixed deposit, revolving deposit, etc., it is mandatory for [...]

By |February 11th, 2021|Categories: ITR Forms|Comments Off on How to e-file Form 15G & upload form-15g online: Details

आयकर के तहत मूल्यांकन के प्रकार

परिचय आयकर विभाग द्वारा ITR की परीक्षा की प्रक्रिया को "मूल्यांकन" कहा जाता है। मूल्यांकन में धारा १४ 144 और १४४ के तहत पुनर्मूल्यांकन और सर्वोत्तम निर्णय मूल्यांकन और विभिन्न प्रकार के आयकर मूल्यांकन भी शामिल हैं। आयकर आकलन के प्रकार: सेल्फ असेसमेंट –यू / एस 140 ए सारांश मूल्यांकन –u / s 143 (1) संवीक्षा मूल्यांकन –यू / एस 143 (3) बेस्ट जजमेंट [...]

By |January 30th, 2021|Categories: ITR Filing|Comments Off on आयकर के तहत मूल्यांकन के प्रकार