Intimation u/s 143(1) Meaning
Intimation u/s 143(1) Meaning When you receive an “Intimation u/s 143(1),” it’s natural to wonder what it means and how it affects you. In this …
PAN Card 10 digit meaning
PAN Card 10 digit meaning PAN Card 10 digit meaning : PAN (Permanent Account Number) card is a crucial identification document for taxpayers in India. …
Hindu Undivided Family law (HUF)
Hindu Undivided Family Law The Hindu Undivided Family (HUF) is a unique legal entity recognized under Indian law, which has its roots in ancient Hindu …
What is the income tax portal?
Income tax portal As taxpayers, we are required to pay income tax on our earnings. In the past, the process of filing income tax returns …
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 …
Insurance under Section 80c
Income Tax Act 1961, Section 80c Insurance is an essential component of financial planning, and it offers protection against unforeseen events. The Income Tax Act, …
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 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 …
