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A Guide to ITR Filing in India, AY 2024-25

The deadline for filing your Income Tax Return (ITR) for the Financial Year (FY) 2023-24 (Assessment Year 2024-25) is fast approaching on July 31st, 2024. To avoid any last-minute stress, understanding which ITR form applies to you is crucial. Choosing the Right ITR...

Why Is Money So Difficult to Manage?

Money and financial products can be challenging for the average person to understand. Some people find their financial situation so hard to navigate that they undertake courses and contact experts to help. However, it begs the question: why is money so hard to manage?...

Understanding Income Tax Notice under section 143(1)

Income tax notice under section 143(1) is a message sent after processing return. It Compares your filed return with department’s computations. If you have received the income notice under 143(1)(a) due to variance in income as a mismatch with 26AS and the...

ITR Forms for AY 2023-24 or FY 2022-23

The new ITR forms for FY 2022-23 or AY 2023-24 are broadly similar to that of the previous year with some additional details required such as Virtual Digital Assets (VDA) asset or minor tweaks for new regime. This article explains What are the changes in the ITR Forms...

Tax on Cryptocurrency in India

Tax on Cryptocurrency depends on whether you talking about FY 2021-22(AY 2022-23) or FY 2022-23(AY 2023-24).  Cryptocurrency gains could happen in multiple ways such as mining, or conventional buying and selling. While the Reserve Bank of India has not granted legal...
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