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