Budget 2024 Date, Time and Expectations
Recent successes in state elections, setting a positive backdrop, have now focused attention on India’s upcoming Interim Budget for 2024. Rather than grand populist gestures, there’s an expectation of a shift towards policy continuity and sustainable growth. This blog explores the diverse expectations from Budget 2024, delving into key areas poised to shape the economic...
Tax Declaration Guide For Salaried Employees
Navigating income tax and declarations can be complex. In this blog, Fintoo – your partner in optimizing fiscal decisions – has simplified Income Tax Declaration (ITD); from understanding Form 12BB to strategic tax savings. Read on to discover how to make tax planning savvy and rewarding! Essential Guide to Income Tax Declaration – ITD An income Tax Declaration (ITD) is a crucial...
Common Mistakes to Avoid while filing ITR
As the ITR filing due date is almost nearing, many taxpayers are hurrying to file their ITRs. While it is crucial to get your ITR filed before 31st July 2023, it is also essential to ensure you don’t rush into it. Usually, individual taxpayers prefer handling their tax filing on their own. So, complications in understanding the tax laws and the last-minute filing pressure can cause taxpayers...
Top 10 Benefits Of Filing Your ITR
Filing Income Tax Returns before 31st July is an important responsibility of every taxpayer. However, many people view it as a burden and don’t file their returns or delay the process and rush to file their taxes at the last minute. This can cause unnecessary errors. And if you miss the due date, you will also be liable to pay a penalty for filing belated returns. On the other hand, filing...
Documents Required to File Your Income Tax Return (ITR)
Filing an income tax return (ITR) accurately and on time is an essential obligation for taxpayers. Just like every person’s source is income, income structure, and tax liability are different, and the documents required for filing their ITR are also different. While we obviously cannot expect everyone to know about the technical and complicated process of ITR filing, we believe that every...
Best tax saving investment options in Section 80C
Discovering tax-saving investment options may not be as easy as it seems, because, along with tax benefits, you also need to find an ideal investment avenue that generates good returns and aligns with your long-term wealth creation objectives. Section 80C provides a list of investment options under which you can claim a deduction of up to Rs. 1.5 lakhs. There are several investment options...
ITR 1 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-1 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
ITR 2 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-2 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
What Is AIS & How To Download It? -FFC ep 48
AIS i.e. Annual Information Statement provides a comprehensive view of information to a taxpayer. This will give you all details about Your financial transactions during the year. It will capture all financial transactions of the previous year including – Stocks, Insurance, Credit Cards, Purchase of property, Mutual Funds, Salary or Business Income, Dividends, Interest on SB A/c...