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A delivery challan is a crucial document used to record the movement of goods without an accompanying tax invoice. Under
To expedite and streamline tax collection, the income tax agency implemented the TDS tax deduction system. Any HUF or individual
Several landowners have approached the courts seeking relief from the Goods and Services Tax (GST) authorities’ decision to recover tax
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Frequently Asked Questions
Find quick answers to your common queries.
Who should file an ITR?
An individual whose annual income is more than the basic exemption limit of Rs 2.5 lakh should file an ITR. The basic exemption limit for senior citizens (60 years onwards and less than 80 years) is Rs 3 lakh, and for super senior citizens is Rs 5 lakh.
How can I claim deductions for tax saving?
You should file an income tax return to claim tax deductions for tax savings such as ELSS, PPF, NSC investments and for payments such as housing loan repayments, insurance premium and donations.
I receive my salary income after deduction of TDS. Am I required to file an income tax return?
You are required to file an income tax return once your annual income exceeds Rs 2.5 lakh. A deduction of TDS does not replace the requirement to file ITR. While e-filing your ITR, you should furnish the details of your annual income, claim deductions and credit for TDS deducted by your employer.
How do I check TDS details from my form 26AS?
You can check your Form 26AS from your e-filing login. ClearTax’s e-filing software auto-populates the TDS details from your Form 26AS in your income tax return.
How can I claim an income tax refund?
You can claim an income tax refund by e-filing your income tax return. An e-filing enables you to claim credit for excess TDS paid and a tax refund.
Is my data filed with INDTAX FILINGS secure?
INDTAX FILINGS uses a 128 bit SSL encryption for transmission of data and enables complete data privacy. Also, INDTAX FILINGS does not share its data with unaffiliated third parties.
What are the GST services offered by INDTAX FILINGS?
INDTAX FILINGS provides INDTAX FILINGS GST filing software for accurate GST filing, reconciliation and claiming ITC. INDTAX FILINGS GST facilitates the generation of e-invoices and e-way bill.
How to choose a suitable mutual fund for SIP?
You should not select a mutual fund for SIP only by considering the past performance of the fund and fund manager. To choose a suitable mutual fund, you also need to check if the fund’s investment objective is in line with your goals. You can also use our SIP calculator to estimate the return on your mutual fund investments.