1. What is an “Updated Return” (ITR-U)? An Updated Return (or ITR-U) is a special type of income tax return that allows a taxpayer to correct or update previously filed ITRs (original, belated, or revised) for past years, including adding omitted income, correcting errors, etc. It is provided under section 139(8A) of the Income-tax Act.… Continue reading Updated Return (ITR-U) Rules: A Comprehensive FAQs for Indian Taxpayers
Tax Deducted at Source (TDS) is a system under the Income Tax Act, 1961, where tax is deducted at the time of making specified payments such as salary, interest, rent, or professional fees. After deducting TDS, it is mandatory for the deductor to TDS Returns Filing, providing details of tax deducted and deposited with the… Continue reading Step-by-Step TDS Returns Filing: Forms 24Q, 26Q, 27Q & Penalties Explained
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
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