Income Tax

Cost Inflation Index for 2013, 2014 and last 30 years

Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in… Read More

TDS on Payment to Contractor under Section 194C

At the time of making any payment, TDS is required to be deducted by the person making the payment. The rate of TDS depends on the nature of payment made… Read More

ITR 4S (SUGAM): How to submit online in 2014

ITR 4S also called as SUGAM is an Income Tax Return Form is mainly filed by taxpayers who do not maintain regular books of accounts and compute their income under… Read More

ITR Form: Which Income Tax Form should you submit in 2014?

ITR Form have been released by the Income Tax Department for Financial Year 2013-14 i.e. Assessment Year 2014-15. There are different ITR Forms (Income Tax Forms) for Different categories of… Read More

ITR 2 Form: How to submit online in 2014

The Due Date for filing ITR 2 Form is 31st July of the next year. So if you are filing your income tax return for the financial year 2013-14, the… Read More

Official Income Tax Software – Free Download

With the govt having mandated compulsory e-filing of income tax returns of all assesses with Income over Rs. 5 Lakhs pa, manual filing of income tax returns has reduced drastically… Read More

How to submit ITR 1 Form (SAHAJ) online in 2014

ITR 1 Form (also known as Sahaj) is one of the most popular form for filing Income Tax Returns because it applies to most of the Salaried Employees. However, it… Read More

Benefit of Minor PAN Card, Procedure to Apply & Income Tax

Most of the Indians are under the impression that a PAN Card can only be allotted once a person turns 18 years of age. However, this is a myth as… Read More

No Income Tax on Medical Reimbursement up to Rs. 15,000

Some employers provide medical reimbursement facility to their employees for the medical expenses incurred by the employees. This article explained the levy of Income Tax on Medical Reimbursement provided by… Read More

Latest ITR Utility for Income Tax efiling: Download Now

The Income Tax Department releases the updated ITR Utility every year for online income tax efiling which can be downloaded free of cost. Till now, the ITR Utility Sofware was… Read More

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