How to fill Form 67 to claim foreign tax paid on New Income Tax Portal
if the taxpayer is a resident of India, and he has paid taxes outside India, he can claim a credit of such foreign taxes paid against his tax payable in India. An individual taxpayer shall furnish Form 67 in order to claim Foreign Tax Credit. This article explains how...Do I Need to Pay Tax on Dividend Income? How to report Dividend Income in ITR?
Do you need to pay tax on dividends you received from Stock or Mutual Fund? What about the TDS on the Dividend? You may have got a dividend from the stock of a company or from a mutual fund in India. Dividend received on or after 1 April 2020 is taxable in the hands...New Income Tax Website : Features, Benefits, Look and Feel
The Income Tax Department launched its new e-filing website www.incometax.gov.in on 7 June 2021 to provide a modern, seamless experience to taxpayers. In this article, we explore the new Income Tax website for electronic filing of Income Tax Returns in detail. You...How to File ITR for FY 2020-2021 or AY 2021-2022
What do you need to know to File ITR for FY 2020-2021 or AY 2021-2022? This year you need to choose Old or New Tax Regime while filing ITR (Income Tax Return). There is no Excel or Java offline Utility for filing ITR but a new offline utility based on JSON for ITR1...Difference between Assessment Year and Financial Year, Previous Year,Fiscal Year in World
If you pay Income tax and file ITR then you should know the difference between the financial year and the assessment year. To download right ITR, pay Advance Tax/Self Assessment Tax and for Income Tax Notice. In India mostly we follow English Calendar from 1 Jan to...Subscribe to All Our Posts
Subscribe for Income Tax Posts
Our Books
Our Trainings
Best Books on Stock Market, Psychology, Personal Finance, Mutual Funds
