When applying for a bank loan or financial assistance, lenders do not only assess a borrower’s past performance but also place strong emphasis on projected financials. Projected financial statements present a future-oriented view of the business, helping lenders evaluate repayment capacity, profitability, and overall financial viability of the proposed loan. What Are Projected Financials? Projected… Continue reading What Are Projected Financials? Essential Guide for Loan Applications
1. What Is Form 24Q? Form 24Q is the TDS return specifically for salary payments. Every employer who deducts TDS from employee salaries under Section 192 must file Form 24Q every quarter. It contains: Employee salary details TDS deductions PAN details Proof of tax deposited Deductions under Chapter VI-A Exemptions under Section 10 The fourth… Continue reading Essential Guide to Salary TDS Returns Filing and Form 24Q Requirements
Receiving an Income Tax Notice can feel intimidating, but in most cases, it is simply a request for clarification or additional information. Understanding why notices are issued and how to handle them can make the process smooth and hassle-free. What Is an Income Tax Notice? An Income Tax Notice is an official communication sent by… Continue reading Income Tax Notice: Meaning, Types, Reasons & How to Respond
Why the Concept of Updated Return Was Needed Over the years, lakhs of taxpayers in India have faced a common problem, missing the deadline for filing their income tax return or discovering mistakes in the filed ITR after the timelines were over. Before Financial Year 2021–22, the Income Tax Act allowed a person to file:… Continue reading What Is ITR-U? A Complete Guide to Updated Income Tax Return in India
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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