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To show the existence an HUF entity, the Karta has to make an HUF deed. There will also have to be a separate PAN and bank account for HUF
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If a person is not able to file income tax return by the prescribed deadline, then he can file belated return under section 139(4) up to three months before the end of the concerned assessment year
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Know what options those people have who miss ITR filing deadline of July 31, 2023!
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Fraudulent claim takers have been identified through software, now the Income Tax Department is sending notices to them.
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Know the process of filing a deceased person's ITR in our episode of Taxing Times
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Fraudulent claim takers have been identified through software, now the Income Tax Department is sending notices to them.
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If you do another job after one job or do some work yourself, then, you should definitely show this income in the income tax return. Failure to do so can result in heavy fines by the Income Tax Department.
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Biometric Aadhaar authentication process to be started from Gujarat and Puducherry
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Residential status is important in the matter of income tax. Before imposing tax on a person, his residential status is seen. The number of days a person stays in India determines his residential status.
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If your income does not come under the purview of tax, then it is not necessary for you to fill ITR. However, there is no harm in filing ITR. The advantages of filing a return far outweigh the troubles.