Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Notification No. 90 /2022 CENTRAL BOARD OF DIRECT TAXES
 Notification No. 93/2022 CENTRAL BOARD OF DIRECT TAXES
 Check these 4 tax-saving investment tools Tax saving for senior citizens
 Notification No. 89/2022 CENTRAL BOARD OF DIRECT TAXES
 5 income tax rules you should know ITR refund
 What are short- and long-term capital gains taxes?
 Income-tax (Twenty Third Amendment) Rules, 2022
 ITR Filing AY 2022-23 Latest News: Missed deadline? You can still file but there s a catch
 E verify ITR within 30 days or else Income Tax Department new rule in 10 points
 Procedure of PAN application & allotment through Simplified Proforma for incorporating Limited Liability Partnerships (LLPs) electronically Form FiLLiP of Ministry of Corporate Affairs.
 Missed ITR 2021-22 deadline? Here's what to do next Income tax return

Top 5 things to keep in mind while filing income tax returns Filed ITR for AY 2022-23
July, 11th 2022

The deadline for filing income tax returns for the fiscal year 2021-22 and 2022-23 is quickly approaching.

Top 5 things to keep in mind:

  • Though the Income Tax Department provides pre-filled forms to make filing tax returns easier, you should maintain all relevant papers on hand and cross-check every field in the pre-filled form.
  • Make certain that you report all sources of income. This will assist you in avoiding any penalties.
  • When submitting your income tax return, compare the tax deducted on Forms 16 and 26AS.
  • If the TDS amount on Forms 16 and 26AS is not the same, contact the employer and have it corrected.
  • Form 16: It is a document produced by your employer that details your salary for the year as well as the TDS deducted.
  • Form 26AS: It is a statement of taxes deducted on your behalf and taxes paid on your behalf over the course of a fiscal year.
  • Before filing the return, select your tax regime (new or old) based on your needs.

The new regime calculates tax at a lower slab rate, but the taxpayer is forced to forego several deductions and exemptions that were previously accessible.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2022 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting