Income Tax

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How Many Years of ITR Required for a Visa 2025?

by Shakshi Bharti | Jun 5, 2025

Why Is ITR Important for Visa Applications?How Many Years of ITR Are Required for a Visa?Exceptions and Alternate Income Proof OptionsOther Key Documents Often Required Alongside ITRTips to Strengthen Your Visa File with ITRWhat Happens If You Don’t Submit ITR?Filing...

Can We File ITR for Previous Years? A Complete Guide to Old Return Filing & Condonation Requests

by Shakshi Bharti | 5 June 2025 | Income Tax Knowledge, Income Tax | 0 Comments

What is the Time Limit for Filing ITR in India?Can You File ITR for Previous Years?Understanding Condonation Request: When and How to Use ItWhat is a condonation request?When is a condonation request accepted?How to file a condonation request?Who Can Benefit from...

Income in ITR 1: Where to Show Pension Income in ITR 1

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is Pension Income? Understanding the BasicsIs Pension Income Taxable? Clarifying Taxable Pension RulesWho Can Use ITR 1 to Report Pension Income?Where to Show Pension Income in ITR 1? Step-by-Step InstructionsHow to Report Family Pension If You Receive It?Common...

What is ITR 6? Meaning, Filing Guide & Form Explained

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is ITR 6?ITR 6 Meaning: Who Should File?Key Features of ITR 6Structure of ITR 6 FormITR 6 Filing Process (Step-by-Step Guide)Common Challenges in Filing ITR 6Pro Tips to File ITR 6 SmoothlyITR 6 Filing Due Dates for AY 2025–26ConclusionFile with Finodha...

How to Fill ITR 2 Capital Gains in FY 2024-25

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Who Should File ITR-2?Documents Required Before You BeginStep-by-Step Guide: How to Fill ITR 2 Capital GainsStep 1: Log in to the Income Tax e-Filing PortalStep 2: Choose Your Filing DetailsStep 3: Navigate to the Income ScheduleStep 4: Fill in ITR 2 Schedule CG...

How to Report Short Term Capital Gain in ITR 2

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Understanding ITR 2 FormWho Should Use ITR 2 for STCG Filing?Where and How to Report Short Term Capital Gain in ITR 2Steps to Report Short Term Capital Gain in ITR 2:STCG Tax Rates Applicable in FY 2024-25Deductions and Exemptions: What You Can and Cannot...

Documents Required for Filing ITR for Business in India 2025

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Who Needs to File Business ITR?Master Checklist: Documents Required for Filing ITR for Business1. General Mandatory Documents2. Financial Statements3. Business-Specific Documents4. Tax Payment Proofs5. Optional But Useful DocumentsCommon Mistakes to Avoid During...

ITR 4 vs ITR 3: Which Income Tax Return Form Is Right for You in FY 2024-25?

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Understanding the Basics of ITR FormsITR 4 (Sugam) – Presumptive Taxation Scheme ExplainedWho Can File ITR 4?Key Features of ITR 4Pros and Cons of Filing ITR 4ITR 3 – For Income from Business or Profession (Detailed)Who Should File ITR 3?Features of ITR 3Pros and Cons...

When Does ITR Filing Starts? Complete Guide FY 2024-25

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What Is the Income Tax Return (ITR) Filing Period?When Does ITR Filing Start for FY 2024-25 (AY 2025-26)?Important ITR Filing Deadlines to RememberAY vs FY: What’s the Difference and Why It Matters?Consequences of Missing the ITR Start or End DatesWho Benefits from...

How Many Years of ITR Required for a Visa 2025?

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

How to Fill ITR 3 Form for AY 2025-26: Complete Filing Guide

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is ITR 3?Who is Eligible to File ITR-3?What is the Due Date for Filing ITR 3?Step-by-Step Guide on How to Fill ITR 3Changes in ITR 3 for AY 2025-26Common Mistakes to Avoid While Filing ITR 3Why Choose Finodha for Filing ITR 3?ConclusionFrequently Asked Questions...

How to File ITR of Deceased Person: Complete Guide for Legal Heirs in 2025

by Shakshi Bharti | Jun 5, 2025

Who Is a Legal Heir?Why Filing the ITR of a Deceased Person Is MandatoryStep-by-Step: How to File ITR of Deceased PersonStep 1: Register as a Legal Heir on the Income Tax PortalStep 2: Gather and Compute the Income of the DeceasedStep 3: File the ITR on Behalf of the...

My ITR is Not Processed Yet? Here’s What You Need to Know and How to Speed It Up

by Shakshi Bharti | Jun 5, 2025

In How Many Days Is ITR Processed?Common Reasons for Delay in ITR ProcessingHow to Check Your ITR Processing StatusWhat to Do If Your ITR Is Not Yet ProcessedHow to Avoid Future Delays in ITR ProcessingWhy Choosing the Right Filing Partner MattersStill Waiting?...

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Understanding Income Tax Department Notifications: What You Need to Know

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In today’s digital age, taxpayers must be vigilant about communications from the Income Tax Department (ITD). It’s not uncommon to receive notifications via SMS, phone calls,

Compliance Portal: Tax liability from Investment in Securities

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

ITR When a taxpayer engages in securities investments, they incur tax liabilities on the income generated from these transactions. The classification of this income as either Business Income

Compliance Portal: Tax liability on Expenditure

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the intricate world of income tax, expenditures serve as vital clues to an individual’s lifestyle and spending habits. From family celebrations to international travels and fine dining experiences, these expenses reflect how one utilizes their income.

Compliance Portal: Information Confirmation for Non-Filing of Return

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

Click on the “Back” option to return to the e-Campaign – Non-filing of return screen.

To complete the response, click on “Information Confirmation” to submit feedback against the provided information.

Compliance Portal: Income Tax Information Summary

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

When the Income Tax Department (ITD) identifies transactions during a financial year that don’t align with a taxpayer’s typical profile, they present these discrepancies for the taxpayer’s review.

Compliance Portal: Non-Filing of Returns

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the intricate realm of income tax compliance, taxpayers may encounter queries for non-filing of returns if they skip submitting their Income Tax Return (ITR) for a specific Assessment Year (AY).

Compliance Portal: Information Detail

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

When you access the Compliance Portal, you’ll find a section dedicated to Information Summaries. Here, you can delve into the details of transactions flagged by the ITD.

Compliance Portal: Tax Liability on Cash Deposits

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

Taxpayers dealing with significant cash deposits must adhere to the rules outlined in Section 114B. For transactions involving Rs. 50,000 or more,

Compliance portal: Tax liability from Sale of Immovable property

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the realm of income tax regulations, understanding the intricacies of capital gains tax is essential for taxpayers. When selling immovable property, capital gains tax,

Compliance Portal: Tax Liability for House Property

by Shakshi Bharti | 25 April 2024 | Income Tax | 0 Comments

Tax Liability for House Property: Navigating income tax verification and taxation related to house property can be complex, but essential for taxpayers to ensure compliance with regulations.

Open a trading account online on Motilal Oswal

by Shakshi Bharti | 22 June 2024 | Income Tax | 0 Comments

You can now open a trading account online with Motilal Oswal. Stock markets have recently shifted from the traditional open outcry system to an electronic system.

Tax on Gifted Shares & Securities

by Shakshi Bharti | 6 May 2024 | Income Tax, Income from Trading | 0 Comments

Value of Gifted Shares: The value of the gifted shares plays a crucial role in determining the tax implications. It’s essential to accurately assess the fair market value of the shares at the time of transfer.

Notice for Non-filing of Income Tax Return: Submit Response on E-Compliance Portal

by Shakshi Bharti | 25 April 2024 | Income Tax | 0 Comments

Initiating queries to verify the information available on the e-Compliance Portal, ensuring accuracy and compliance.

How to Calculate Capital Gain Tax | Step-by-Step Guide

by TeamFinodha | 11 February 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Learn how to calculate capital gain tax on different assets, understand indexation benefits, and apply the correct tax rates for accurate financial planning.

Tax Loss Harvesting for Stock Traders

by Shakshi Bharti | 7 May 2024 | Income Tax, Income from Trading | 0 Comments

Tax loss harvesting involves strategically selling shares that have experienced losses in order to offset any realized gains within the same financial year. By doing so, investors can effectively reduce their overall tax liability.

Income from Let out House Property

by TeamFinodha | 3 May 2024 | Income Tax | 0 Comments

it’s crucial to grasp the tax implications associated with different types of House Property Income. Under the Income Tax Act, House Property Income falls into three main categories

Section 80U: Deduction for Individuals with Disability

by Shakshi Bharti | 14 June 2024 | Income Tax | 0 Comments

Section 80U of the Income Tax Act 1961 stands as a significant provision aimed at supporting individuals with disabilities in managing their financial affairs effectively.

Section 234F: Penalty for Late Filing of ITR

by Shakshi Bharti | 16 June 2024 | Income Tax | 0 Comments

Section 234F of the Income Tax Act pertains to the late filing fee applicable if a person required to file an Income Tax Return (ITR) under section 139(1) fails to do so within the specified time limit.

Submit Track and View Income Tax Grievance on the e-Filing Portal

by Shakshi Bharti | 18 May 2024 | Income Tax | 0 Comments

Income Tax Grievance: The Income Tax Department (ITD) has introduced Grievance to streamline the resolution process for taxpayer concerns within the income tax platform.

File Form 15CA and Form 15CB

by Shakshi Bharti | 17 May 2024 | Income Tax | 0 Comments

According to the Income Tax Act, any payment made by a resident to a non-resident must be reported. The taxpayer is required to file Form 15CA and Form 15CB for this purpose.