India Tax Adda

  Are you among those individuals who have missed the deadline for filing your income tax return? Don't worry, you are not alone! Filing a belated income tax return can be a daunting task, but with the right knowledge and guidance, you can easily navigate through the process. In this article, we will provide you with a comprehensive guide on how to file your belated income tax return efficiently and effectively. What is a Belated Income Tax Return Filing? Filing a belated income tax return simply means submitting your income tax return after the deadline specified by the tax authorities. In most countries, the deadline for filing income tax returns is usually around April 15th. However, if you have missed this deadline for any reason, you can still file a belated return to avoid penalties and legal consequences. Reasons for Filing a Belated Income Tax Return There are many reasons why individuals may miss the deadline for filing their income tax returns. Some common rea...

  GST Registration Are you a business owner looking to expand and grow your company? If so, understanding the ins and outs of GST registration is crucial. In this comprehensive guide, we will walk you through everything you need to know about GST registration and how to get started with ease. Whether you are a small business owner or a large corporation, GST registration is a necessary step to ensure compliance with tax laws and regulations. What is GST Registration? First and foremost, let's delve into what GST registration actually entails. GST, or Goods and Services Tax, is an indirect tax levied on the supply of goods and services in India. GST registration is the process of registering your business under the GST regime to obtain a unique GST identification number (GSTIN). This allows you to collect GST from your customers, claim input tax credit on purchases, and file GST returns with the government. Why is GST Registration Important? GST registration is mandator...

  Are you looking to claim an income tax refund for your eligible TDS before the deadline of 31st December 2024 ? In this article, we will discuss everything you need to know about the process, eligibility criteria, and important deadlines to ensure you receive the refund you are entitled to. So, let's dive in and explore the ins and outs of claiming your income tax refund efficiently and effectively. What is Income Tax Refund? An income tax refund is a refund of excess tax that you have paid to the government. This typically occurs when the tax deducted at source (TDS) on your income is higher than the actual tax liability calculated based on your total income. In such cases, you can claim a refund of the excess TDS amount by filing an income tax return. Eligibility Criteria for Claiming Income Tax Refund To be eligible for claiming an income tax refund of eligible TDS, you must meet the following criteria: You have paid excess TDS than your actual tax liability....