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How to file ITR Income Tax Return, Process, Income Tax Notices

The income earned between 1 Apr 2020 to 31 Mar 2021, called FY 2020-21, will be assessed for tax in the AY 2021-22. The last date for filing returns for individuals is 31 Dec 2021.  This article lists all the articles for understanding Income Tax Return or ITR,...

Income Tax on Selling Shares: Trading, Capital Gains, ITR

What is the tax on income from the purchase or sale of shares? Gains or losses from the sale of shares can be considered as income from business or Capital gains. For capital gains, If equity shares listed on a stock exchange are sold within 12 months of purchase,...

Be Aware of Income Tax Workbook: A Practical Approach

If you have income there is a tax and you may be required to file Income Tax Return(ITR). To understand Income Tax we need to understand what is Income, Income Tax slabs, Types of Income, the tax on different types of Income, dates related to Income Tax, tax cut i.e...

Income Tax for AY 2020-21 or FY 2019-20

The income tax rules for FY 2019-2020 or AY 2020-21 was based on two budgets.  All ITR forms for FY 2019-20 has now been issued by the income tax department. The last date for filing returns for ITR 2020-21 or FY 2021 is 10 Jan 2021.  This article covers Income Tax...

Fixed Deposit , Interest , TDS, Tax,Income Tax Return, Refund

We have got many queries on fixed deposit and request on writing about fixed deposit only from perspective of income tax return. So this article is answers to questions: Is Fixed Deposit interest taxed? Is TDS deducted? Do I need to pay tax if TDS is deducted? How to...