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incometaxupdate Tag

How to Check Income Tax Refund Status Online?

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byfintooSeptember 7, 2021

Income tax refund comes to the picture when individuals pay taxes higher than the actual income tax liability for that particular financial year. A taxpayer can claim a refund of this excess amount, and after proper assessment and going through certain documents, the income tax department makes the refund. ● According to reports, between April 1, 2021, to April 26,...

ITR Filing Online Process Step-By-Step

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byfintooSeptember 6, 2021

An income tax return (ITR) filing doesn’t have to be a worry. You don’t need to take help from an expert or continuously worry about deadlines. Today we can file taxes online. The process of filing taxes online is called E-filling. It is quite a simple task and E-filling can be done in just a few minutes from the comfort of your home or office. As per Income Tax Act, 1961 every individual...

Friday First Cut

Understand form 26AS – FFC episode 38

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byfintooSeptember 3, 2021

Form 26AS is a statement of tax credit generated by the Income-Tax Department based on your PAN number for every financial year. It contains details of the tax deducted on your behalf by employers, the bank/institution in which you have an investment and the sale/purchase or rent of the immovable property. To get an in-depth idea on form 26AS from our taxpert, do watch our...