Showing all posts tagged "Income Tax Return Filing In Kerala"
What is presumptive taxation under the Income Tax Act?
Presumptive taxation is a method of offering the profits on a presumptive basis rather than the actual basis. Under presumptive taxation, you can offer a specific percentage or fixed amount as income despite offering the actual income. For example if y...
Posted on August 29th, 2022
What happens if you ignore a tax audit?
If you are liable to tax audit but not complying to it purposefully, penalty upto Rs.100,000 can be imposed. Further, the AO can be behind you with his series of notices and can waste your time, energy, money and peace of mind.
For Company Registrati...
Posted on August 22nd, 2022
What is the income tax return last date and its procedure?
By default the due date for filing income tax return for individuals is 31st July every year. For the AY 2022–23, the due date is 31 July 2022.
The procedure is summarising all the income earned during the FY 2021–22 and computing tax thereon after p...
Posted on July 30th, 2022
How do I reduce income tax legally in India as a salaried person?
There are several tax-saving options available which include investing in LIC and tax-saving mutual funds, payment of education fee, health insurance premium etc.
You can log into the income tax account and file the ITR from the dashboard. You need t...
Posted on July 28th, 2022