If you fail to file your income tax returns, you will be subject to penalties under various sections of the Income Tax Act. Following is a list of each type of late penalty for not filing your ITR applicable under different sections. Make sure to read the article to find out if any of these…
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Where Can I Find Information About ITR3?
Those living in Hindu Undivided Families (HUFs) are required to file income tax returns using the ITR-3 form if they earn their income through a property business or a profession. It is, therefore, possible to file return 3 for income tax returns if you earn money from a personal business or a job such as…
How to File ITR with Form 16
How does Form 16 work: For salaried employees, Form 16 may be the most important document needed to file their ITR filing (ITR). Salary certificates, also known as Form 16, are issued annually by their employers, confirming that Income Tax has been deducted at source (TDS) and passed on to the collecting authorities by the…