Filing your Income Tax Return (ITR) is one of the most important financial responsibilities for every taxpayer in India. It not only ensures compliance with the law but also allows individuals to claim refunds, avoid penalties, and maintain a clear financial record for future needs like loans or visas. Many taxpayers still find ITR filing … Read more
After filing your Income Tax Return (ITR), many taxpayers eagerly wait for their refund. If you have paid more tax than required, the Income Tax Department issues a refund directly to your bank account. Checking the ITR refund status online is simple and can be done using the official income tax portal or through the … Read more
Owning a home is one of the biggest financial goals for many Indians. To encourage home ownership, the Income Tax Act provides multiple tax benefits on home loans and housing property. These benefits reduce the overall tax burden and make housing more affordable. Whether you are a salaried professional, a self-employed individual, or a joint … Read more
Filing your Income Tax Return (ITR) on time is one of the most important financial responsibilities for every taxpayer in India. Missing the deadline can attract penalties, interest on outstanding tax, and even restrict you from claiming certain benefits. To help you avoid unnecessary losses, this guide explains the penalties for late ITR filing in … Read more