When Income Tax Return Filing Mandatory In India?

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We all know that Income tax returns are forms also known as ITR’s popularly, ITRs are filed to state the income of an assessee for the respective year, Therefore what are the conditions an Individual or a firm is required to file their income tax return? When is Income Tax Return Filing Mandatory/compulsory in India? … Read more

How To File Income Tax Return After Last Date?|FAQ On ITR U


Recently CBDT has inserted a new rule 12AC and a new form ITR U, it has been a wish for many taxpayers to file their lapsed income tax returns or to update their ITR after the last dates. But, this time the wishes came true but also not as expected🤔 Let’s further discuss more into … Read more

Self Certified GSTR-9C For FY-20-21|GST Audit Due date and changes


On 30th July 2021 CBIC notified changes to Sections 35(5) and 44 of the CGST Act. The requirement to get a GST audit and certification done by a CA/CMA now stands removed. What is GST Audit? GST Audit is basically scrutiny of Accounts with filed GST returns, Input tax credit claimed, refund claimed, interest to … Read more

What are the Income Tax deductions under Home Loan?

tax benefits in home loan

There are many sections under Income Tax that can give Income Tax deductions up to Rs 5 lakh Home Loan Tax Benefit 2021 Housing Loan Interest Deduction 2021 ➤ Under Section 80C, you can claim a deduction up to ₹ 1.50 Lakh for the principal repayment done in the financial year. ➤Under Section 24B, you … Read more

What are the new extended due dates of Income Tax Returns and Tax Audit ?

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As the taxpayers are facing problems in filing income tax returns in the new Income tax portal due to glitches, CBDT on 9th of Sep 2021 extended the due dates to file Income tax returns and different reports of Audit for the Financial year 20-21 and Assessment year 21-22 Extended due dates of ITR and … Read more