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
ITR-1 (Sahaj) AY 2026-27 ITR-1, also known as “Sahaj,” is the most commonly used Income Tax Return filing form for salaried individuals and pensioners in India. For Assessment Year (AY) 2026-27, the Central Board of Direct Taxes (CBDT) has introduced several important changes to simplify return filing for taxpayers. What is ITR-1 (Sahaj)? ITR-1 is… Continue reading Who Can File ITR-1 for AY 2026-27? Eligibility, Rules & Updates
Filing an Income Tax Return (ITR) is an essential compliance requirement for taxpayers in India. An ITR is a form through which taxpayers declare their income, deductions, taxes paid, and refunds claimed during a financial year. Timely filing helps avoid penalties, interest, and legal notices from the Income Tax Department. What is an Income Tax… Continue reading Income Tax Return (ITR) Filing for AY 2026-27
Freelancing and consulting have become increasingly popular in India, offering flexibility, independence, and diverse income streams. However, with this freedom comes the responsibility of managing taxes effectively. Filing your Income Tax Return (ITR) correctly is crucial to avoid penalties and maximize savings. This comprehensive guide will walk freelancers and consultants through everything they need to… Continue reading ITR Filing for Freelancers and Consultants in India
In today’s increasingly complex tax landscape, individuals and businesses alike often find themselves overwhelmed by compliance requirements, documentation, and deadlines. This is where Taxcellent, a reputed online Chartered Accountant (CA) and tax consultancy firm based in Delhi, India, steps in, offering expert tax filing and compliance services designed to make taxation simpler, faster, and stress-free.… Continue reading Tax Filing Services by Taxcellent: Simplifying Your Tax Compliance
In today’s competitive business environment, obtaining the MSME Registration in Delhi, also known as Udyam Registration, is essential for small and medium businesses to access government benefits, financial support, and statutory protections. Taxcellent, a professional CA service provider firm, offers end-to-end assistance for MSME Certificate registration, ensuring a smooth, accurate, and hassle-free process. What is… Continue reading MSME Certificate (Udyam Registration) – A Key Service Offered by Taxcellent
Limited Liability Partnerships (LLPs) offer the flexibility of partnerships with the benefits of limited liability. However, LLPs registered under the Limited Liability Partnership Act, 2008 must comply with various statutory filing requirements. Taxcellent, a trusted CA service provider firm, offers comprehensive LLP forms filing and compliance services, ensuring accurate, timely, and hassle-free compliance. What Are… Continue reading LLP Forms Filing & Compliance Services by Taxcellent
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
A Net Worth Certificate is an official document that certifies the total net worth of an individual or a business entity at a particular date. It is most commonly issued by a Chartered Accountant (CA) after verifying the assets and liabilities of the person or business. Many institutions require a net worth certificate to assess… Continue reading Net Worth Certificates: Meaning, Importance, Components & Format
Form 15CA/CB Filing are compliance documents required under the Indian Income Tax Act when making payments to a non-resident or a foreign company. They help the Indian government track foreign remittances and ensure that taxes are properly deducted at source (TDS) before sending money abroad. Form 15CA – Declaration by the Remitter This is a… Continue reading Form 15CA/CB Filing Made Easy – Taxcellent Helps You Stay Compliant
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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