Income Tax

Deductions U/S 80C to 80U (Chapter VIA)

Deductions are the claims which reduce taxable income. Less taxable income leads to lower payment of tax to government. There are certain relief in the form of deduction available to a taxpayer. But there are Section which define deduction criteria and amount of deduction. So let’s dive in details : It came into force with…

Income Tax

ITR FORMS ( ITR 1 – ITR 7)

Income Tax Return (ITR) is a form in which the taxpayers file in information about his Income earned and tax applicable to the income tax department. The department has notified 7 various forms – ITR 1 , ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7 till date. Every taxpayer should file…

Income Tax

Income Tax Due Dates Return

Due dates for ITR F.Y 2021-22 & A.Y 2022-23 Due dates for ITR F.Y 2021-22 & A.Y 2022-23 Manoj KumarMr. Manoj Kumar, a commerce graduate from University of Delhi & an exceptional mentors of computerized accounting learning, has an overall experience of near about half of decades in computerized accountancy. With his strong hold on…