# taxpayers
9 posts in `taxpayers` tag
A Comprehensive Guide to Form 12BB: Claiming Tax Benefits and Rebates Made Easy
This blog post provides a comprehensive guide to Form 12BB, a statement of claims by an employee for deduction of tax. It covers the importance of Form 12BB, what to declare, and how to fill it out correctly.
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By Krishna
Tax Guide for Senior Citizens: Forms & Returns for AY 2024-2025
This comprehensive guide explores the specific tax forms and returns applicable to senior citizens and super senior citizens in India for AY 2024-2025. From understanding exemption limits to maximizing deductions, elderly taxpayers can streamline their tax-filing process with expert insights and tailored advice.
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By Krishna
Guide to Filing Income Tax Return (ITR) for New Taxpayers in India
This blog post provides a comprehensive guide for first-time taxpayers in India, covering the basics of ITR filing, types of ITR forms, documents required, and a step-by-step guide to filing taxes online and offline.
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By Krishna
Understanding Penalties for Under-reporting and Misreporting Income under Section 270A of the Income Tax Act
Section 270A of the Income Tax Act imposes penalties on taxpayers who under-report or misreport their income. This blog post provides a detailed explanation of the provisions of Section 270A, including the definition of under-reported income, the instances of under-reporting, and the calculation of the penalty. It also discusses the consequences of non-compliance and provides tips for avoiding penalties.
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By Krishna
In-Depth Guide to Section 80TTA of the Income Tax Act, 1961
Discover the ins and outs of Section 80TTA of the Income Tax Act, 1961, and how it benefits individual taxpayers and HUFs by offering tax deductions on interest income from savings accounts.
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By Krishna
Attention Taxpayers: Check Your Income Tax Refund Status Now!
This announcement urges taxpayers to promptly verify the status of their income tax refunds to ensure timely processing and receipt of any owed funds.
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By Krishna
Show Cause Notice Under GST? Don't Panic, Here's Your Guide!
This blog explores the significance of Show Cause Notices under the Goods and Services Tax (GST) regime and provides actionable steps for businesses to respond confidently.
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By Krishna
Revised GST Returns From April 2025
To implement this, the GSTN (GST Network) plans to assign the task to the next technology vendor for the GST portal, as the current service provider, Infosys, has a contract that expires on September 30, 2024.
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By Krishna
GSTN Enhances Login Security Two Factor Authentication
GSTN is implementing two-factor authentication (2FA) to enhance login security on the GST portal.
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By Krishna