Krishna Gopal Varshney
- An editor at apnokaca
Krishna Gopal Varshney Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
The Latest from Krishna Gopal Varshney
Comprehensive Guide to Section 194M TDS
This blog provides a detailed and descriptive overview of Section 194M of the Income Tax Act, 1961. It explains the key aspects of this section, including the types of payments covered, the threshold limit for TDS applicability, the TDS rates, and the compliance requirements for both payers and payees.
Section 142(1) of the Income Tax Act
Section 142(1) of the Income Tax Act empowers the Assessing Officer to issue notices to taxpayers in certain situations to obtain more information or clarification before completing the tax assessment. This blog provides a comprehensive understanding of Section 142(1), including when the AO can issue a notice, the information that can be sought, the consequences of non-compliance, and the steps taxpayers should take to respond effectively. It also highlights the safeguards in place to prevent misuse and ensure fairness in the tax assessment process. By understanding their rights and obligations under Section 142(1), taxpayers can navigate the tax assessment process more effectively and avoid potential penalties.
Form 16C vs. Form 16D: A Comprehensive Guide
Understanding the nuances of different tax forms is essential for compliance and financial management. This blog dives into Form 16C and Form 16D, highlighting their specific purposes, applicable sections, issuers, and thresholds. Form 16C pertains to TDS on rent payments under Section 194-IB, while Form 16D relates to TDS on payments to contractors or professionals under Section 194M. The guide also provides step-by-step instructions on how to download these forms from the TRACES portal, ensuring you stay compliant with Indian tax regulations. Perfect for individuals and HUFs, this comprehensive guide by myITRonline clarifies everything you need to know about these crucial tax documents.
A Deep Dive into Scrutiny Assessment under Income Tax (Section 143(3))
Filing your Income Tax Return can lead to a Scrutiny Assessment under Section 143(3). This blog explains what a Scrutiny Assessment is, why it might happen, and provides valuable tips for a smooth and successful assessment process.
Detailed Guide on Form 26QB and Form 26QC: Key Differences and Procedures
This blog provides an in-depth comparison and detailed explanation of Form 26QB and Form 26QC, essential for TDS compliance in property and rental transactions. Learn about the applicability, procedures, and key differences between these forms to ensure proper tax deduction and reporting.
Don't Get Audited! A Guide to Avoiding False Claims in Your ITR Filing
Filing your Income Tax Return (ITR) can be stressful, but making false claims can be even worse. This blog explores the importance of accurate ITR filing, the risks of misinformation, and offers valuable tips to ensure a smooth and compliant tax filing experience.
Common Income Tax Blunders and How to Avoid Them
This blog serves as your guide to avoiding common income tax mistakes. Learn how to claim all your deductions, avoid math errors, leverage e-filing, respond to IRS notices, and keep proper records.
New E-Filing Utilities for ITR-7 Form
This blog provides a comprehensive guide on the newly released ITR-7 e-filing utilities. It covers who can use the ITR-7 form, how to download the utilities, and additional information for filing electronically for the Assessment Year 2024-2025.
Disclosure Requirements for Foreign Assets and Bank Accounts
This comprehensive guide explains foreign bank account and asset disclosure requirements for Indian resident taxpayers in Assessment Year (AY) 2024-25. It covers what to disclose, deadlines, penalties, and how to report in Schedule FA.
