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

by Shakshi Bharti | Jun 5, 2025

Table of Contents What is ITR 6? ITR 6 Meaning: Who Should File? Key Features of ITR 6 Structure of ITR 6 Form ITR 6 Filing Process (Step-by-Step Guide) Common Challenges in Filing ITR 6 Pro Tips to File ITR 6 Smoothly ITR 6 Filing Due Dates for AY 2025–26 Conclusion...

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

Table of Contents 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 It What is a condonation request? When is a condonation request accepted? How to file a condonation request?...

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

Table of Contents What is Pension Income? Understanding the Basics Is Pension Income Taxable? Clarifying Taxable Pension Rules Who Can Use ITR 1 to Report Pension Income? Where to Show Pension Income in ITR 1? Step-by-Step Instructions How to Report Family Pension If...

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

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

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

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

Table of Contents Who Should File ITR-2? Documents Required Before You Begin Step-by-Step Guide: How to Fill ITR 2 Capital Gains Step 1: Log in to the Income Tax e-Filing Portal Step 2: Choose Your Filing Details Step 3: Navigate to the Income Schedule Step 4: Fill in...

How to Report Short Term Capital Gain in ITR 2

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

Table of Contents Understanding ITR 2 Form Who Should Use ITR 2 for STCG Filing? Where and How to Report Short Term Capital Gain in ITR 2 Steps to Report Short Term Capital Gain in ITR 2: STCG Tax Rates Applicable in FY 2024-25 Deductions and Exemptions: What You Can...

Documents Required for Filing ITR for Business in India 2025

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

Table of Contents Who Needs to File Business ITR? Master Checklist: Documents Required for Filing ITR for Business 1. General Mandatory Documents 2. Financial Statements 3. Business-Specific Documents 4. Tax Payment Proofs 5. Optional But Useful Documents Common...

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

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

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

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

Table of Contents 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 Remember AY vs FY: What’s the Difference and Why It Matters? Consequences of Missing the ITR Start or End...

How Many Years of ITR Required for a Visa 2025?

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

Table of Contents Why Is ITR Important for Visa Applications? How Many Years of ITR Are Required for a Visa? Exceptions and Alternate Income Proof Options Other Key Documents Often Required Alongside ITR Tips to Strengthen Your Visa File with ITR What Happens If You...

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

Table of Contents 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 3 Changes in ITR 3 for AY 2025-26 Common Mistakes to Avoid While Filing ITR 3 Why Choose Finodha for Filing ITR 3? Conclusion...

How to Report Short Term Capital Gain in ITR 2

by Shakshi Bharti | Jun 5, 2025

Documents Required for Filing ITR for Business in India 2025

by Shakshi Bharti | Jun 5, 2025

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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.

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,

Capital Gain Definition Income Tax Act | Explained

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

Get a clear capital gain definition Income Tax Act and understand how gains from asset transfers are classified, taxed, and managed under Indian tax laws.

Income Tax on Bonds and Debentures

by TeamFinodha | 1 May 2024 | Income Tax | 0 Comments

Governments and companies often resort to issuing Bonds & Debentures as a means of raising funds. Bonds are commonly utilized by governments to borrow money from the public, as they cannot directly take loans from individuals.

Download Ledger from Kotak Securities

by Shakshi Bharti | 23 June 2024 | Income Tax | 0 Comments

Kotak Securities allows you to download your Tradebook or Ledger from their trading portal. A Ledger or Tradebook contains all the transactions made in the stock market from a trading account.

Section 80CCD: Deduction for Contribution to Pension Fund

by Shakshi Bharti | 15 June 2024 | Income Tax | 0 Comments

Section 80CCD of the Income Tax Act allows individuals aged between 18 and 60 years to avail of tax deductions for contributions made towards the Pension Scheme of the Central Government, National Pension Scheme (NPS), or Atal Pension Yojana (APY).

Exempt Income u/s 10 of the Income Tax Act

by TeamFinodha | 4 May 2024 | Income Tax | 0 Comments

Exempt income pertains to specific types of earnings that are not taxable under the Income Tax Act’s provisions. This differs from deductions under income tax, where deductions are claimed against taxable income.

Transport & Conveyance Allowance – Taxability & Exemptions

by Shakshi Bharti | 5 May 2024 | Income Tax | 0 Comments

Conveyance allowance is typically granted to cover the costs associated with an employee’s daily commute to and from work. This allowance is usually a fixed amount provided by the employer on a regular basis, such as monthly, to help alleviate the financial burden of transportation.

Download Tax Profit and Loss report from HDFC Securities

by Shakshi Bharti | 21 June 2024 | Income Tax | 0 Comments

HDFC Securities provides the option to download your Profit and Loss Report online. This report, also known as the Tax P&L report, is crucial for calculating taxes on trading income.

Download Tax Profit and Loss report from Zerodha

by Shakshi Bharti | 29 June 2024 | Income Tax | 0 Comments

Zerodha allows you to download your Profit and Loss (P&L) Report online, which is crucial for calculating income tax on trading income.

Income Tax on Sale and Purchase of Motor Vehicle in India

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

When it comes to calculating the tax for buying or selling a motor vehicle, it’s important to understand that this term encompasses a variety of vehicles.