Should you file an income tax return (ITR) even if your annual income is under the basic exemption limit? Financial experts believe the answer is a clear yes, not for tax liability, but for financial foresight. It helps build a formal financial footprint. A lost advantage if you don’t file [...]
The Budget for the FY 2022-23 had allowed certain taxpayers to file updated tax returns, within 2 years of filing the original returns after paying taxes due. A taxpayer can file only one tax return per assessment year as an updated tax return. The income tax department has notified [...]
What is Form DPT – 3? Form DPT-3 is used for filing a return of deposit or particulars of transaction not considered as a deposit or both by the companies respectively. Which types of companies are required to file Form DPT 3? Private Limited Company Public Limited Company One Person Company (OPC) Small Company [...]
All you tax payers, have you filed income tax returns (ITR) for the financial year 2020-21? If not, it is mandatory to do it before December 31 as this is the ITR Filing Deadline. We suggest that taxpayers should not wait for the last moment because if you miss the [...]