Conclusion who should file a tax return
So, now I know if and should I file a return
Conclusion who should file a tax return Read More »
So, now I know if and should I file a return
Conclusion who should file a tax return Read More »
Effective the financial year 2019-20, for which return is to be filed in the next year, which is in Tax language, assessment year 2020-21, there’s a new class of ‘to do filing’ of tax return evolved. This requirement is called ‘requirement to file under 7th proviso of Section 139(1), which contains nothing but the conditions
The new conditions when I must file a tax return Read More »
Some international related activities by me make it a must for me to file a tax return, though I may not have any income taxable in a year. Here we go: If I own any asset abroad, could be property, right to property, or a financial asset If I am signatory to any account abroad
If I own something outside, I must file a tax return Read More »
If I incur a loss, or claim an exemption on capital gains on account of investing (in bonds or house commonly), though I am below taxable that year, I ought to file a return to validate and be eligible to have such losses or exemptions recognised.
When (in which conditions) I should file a tax return Read More »
Sometimes, say in a particular year, I may be in below taxable range, with no taxes paid, but still I may feel like filing my tax return for continuity, or for getting a ‘tax filing citizen’ tag. I can happily do so.
I wish to file a tax return Read More »
Even though I am living in exemption limits, some taxes were paid during the year, be it myself or by my payer in Tax Deduction modules, I think of filing a tax return to get my extra taxes paid back. This is so, as I am liable to pay taxes due on my Income, and
Some taxes were deducted Read More »
If my Gross Total income (that is before doing Deductions) is more than the exemption limit, then I must file a return of income tax. So, this means different levels for different classes, if I am not a senior citizen, and before Deductions and the Long Term Capital gains exemption (its called section 10(38)), my
I am having income over taxable limits Read More »