Blog tagged as Income Tax

Not received tax refund yet? Here is what you can do
Income Tax Department has expedited the refund issuance process with aim to provide liquidity to taxpayers given the Ongoing COVID-19 Crisis, but there could be many of you waiting for your refunds. We will tell you how to check status of refund and status of your Tax return.
18/03/2021 10:22 AM - Comment(s)
Missed paying last instalment of advance tax? Can you still avoid interest?
Missed payment of advance tax? Don't worry. You can still avoid paying large portion of your interest on late payment of taxes. Read this article to know how to avoid interest liability
17/03/2021 10:10 PM - Comment(s)
New Tax Regime or Old: Which Tax Regime Should You Opt? 
Are you confused between the old Income tax regime and the new tax regime? Are you still following the old tax regime, and are you not clear about the new tax system? Is the newly introduced Tax-system more beneficial for you? Check out this article to know more.
16/03/2021 06:18 PM - Comment(s)
Received message for High Value Transactions from IT Department? Don't Panic
A message campaign by the Income Tax department asking the taxpayers to click on Compliance Portal to submit response to their 'High Value Financial Transactions' has created chaos. We are discussing what it is all about and what are the steps to be taken?
12/03/2021 10:53 PM - Comment(s)
Challenges in TDS and TCS Payments and ways to resolve it
TDS and TCS payment is a monthly routine job. Every month the first compliance in hand is to pay TDS and TCS. Let us discuss the challenges in TDS and TCS payments and solutions to overcome such challenges.
06/03/2021 10:29 PM - Comment(s)