ITR-3 is the Income Tax Return form applicable to Individuals and Hindu Undivided Families (HUFs) having income from business or profession. It is commonly used by business owners, freelancers, consultants, traders, and partners in firms. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-3 form with several… Continue reading How to File ITR-3 for AY 2026-27: Step-by-Step Checklist
ITR-2 is the Income Tax Return form applicable to Individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession but have more complex income sources than those covered under ITR-1. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has notified the revised ITR-2 form with several… Continue reading Filing ITR-2 for AY 2026-27: Checklist and Important Dates
In today’s rapidly evolving business environment, GST return filing Delhi has become a critical compliance requirement for every registered business in Delhi. Firstly, understanding the process is not just about submitting forms; it is about ensuring financial accuracy, legal compliance, and smooth business operations. Moreover, with frequent updates in GST rules and regulations, businesses often… Continue reading A Complete Roadmap to GST Return Filing for Modern Businesses in Delhi
Tax Deducted at Source (TDS) on property transactions is an important compliance requirement under the Income Tax Act, 1961. Many buyers overlook this obligation, which can lead to penalties and interest. This article explains everything you need to know about TDS on purchase of property in a clear and practical manner. 1. Legal Provision –… Continue reading TDS on Purchase of Property – A Complete Guide by Taxcellent
Selling property in India comes with tax implications, and recent updates have introduced a new 12.5% tax rate option for long-term capital gains (LTCG). Understanding both the old and new regimes is essential to optimize your tax liability. What is Capital Gains Tax? Capital gains tax is charged on the profit earned from selling a… Continue reading Capital Gains Tax on Property Sale in India: New 12.5% Rule Explained
The Goods and Services Tax (GST) has streamlined India’s indirect tax system by consolidating various taxes into one. A crucial part of GST compliance is filing GST Returns, periodic statements that record details of sales, purchases, tax collected, and tax paid. What Is a GST Return? A GST Return is a document that registered taxpayers… Continue reading GST Return: Meaning, Types, Eligibility, Due Dates & Filing Process
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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