What is self assessment tax India? In India, self-assessment tax refers to the tax paid by a taxpayer on their…
AIS in Income Tax The Annual Information Statement (AIS) is an important document issued by the Indian income tax department…
Terms and definition related to Income Tax Income tax is an essential component of the financial system of any country.…
What is Financial Year? The financial year is a period of twelve months used by governments, businesses, and organizations to…
What is ITR-1? Income Tax Return-1, commonly known as ITR-1, is a form that individuals use to file their income…
What is Assessment Year? Every individual who earns income in India has to file their income tax return (ITR) every…
What is ITR-2? Income Tax Return-2, commonly known as ITR-2, is a form that individuals and Hindu Undivided Families (HUFs)…
Deduction Under Section 80C to 80U Deduction Under Section 80C to 80U : Deductions are an essential part of income…
