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New draft Common Income Tax Return Form
At present, depending upon the type of person and nature of income, taxpayers are required to furnish their Income-tax Returns…
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How to Prevent an ATO Audit
Unfortunately, not every individual does what’s right when it comes to dealing with tax returns. To ensure everything remains on…
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Fixed Deposit over multiple Financial Years, Tax and ITR
Fixed Deposit (FD) is an investment product which allows you to invest a lump sum of money for a fixed…
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Income Tax Annual Information Statement (AIS), TIS, How to use it to File ITR
Income Tax Department has rolled out the new Annual Information Statement or AIS which provides one’s comprehensive view of information…
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How to Show Capital Gain on Shares and Equity Mutual Funds in ITR
When one sells Shares and/or Equity Mutual Funds one has Capital Gain on the sale of Equity. You cannot file…
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How to fill Form 67 to claim foreign tax paid on New Income Tax Portal
if the taxpayer is a resident of India, and he has paid taxes outside India, he can claim a credit…
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Do I Need to Pay Tax on Dividend Income? How to report Dividend Income in ITR?
Do you need to pay tax on dividends you received from Stock or Mutual Fund? What about the TDS on…
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New Income Tax Website : Features, Benefits, Look and Feel
The Income Tax Department launched its new e-filing website www.incometax.gov.in on 7 June 2021 to provide a modern, seamless experience…
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How to File ITR for AY 2022-2023 or FY 2021-22
How to File ITR for AY 2022-23 or FY 2021-2022? This year again you need to choose Old or New…
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Difference between Assessment Year and Financial Year, Previous Year,Fiscal Year in World
If you pay Income tax and file ITR then you should know the difference between the financial year and the…

