It is legal and quite obvious that the hubbub around filing an Income Tax Return after the due date is quite natural. Income Tax Returns are usually due by 31st July in India for non-audit cases and by 31st October in audit cases. It is observed that the provision of belated returns is the last…
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India’s Income Tax System: How Does It Work
An introduction In the rule, income taxes represent a portion of your income that has to be paid to the government. The government uses this money for infrastructural improvements as well as salary payments to its workers. A charge imposed directly on an individual’s pay, such as income tax, is called a direct tax. Taxes…
Having Rental Income and Need to File Itr-1 Online?
It is a requirement for most salaried individuals in India to file ITR-1 forms, also known as SAHAJs. In this article, we will delve into everything you need to know about ITR-1 and how you can file it online. Does anyone have the right to file an Income Tax Return ITR-1 SAHAJ? Those who receive…