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Short Term Capital Gain in ITR 2

How to Report Short Term Capital Gain in ITR 2

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...

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

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

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

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...

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

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

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

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?

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

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?

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

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...

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Understanding Income Tax Department Notifications: What You Need to Know

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

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

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

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

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

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

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

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

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

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.

What Is ITR Filing? | Income Tax Filing Simplified

Understand what is ITR filing, a mandatory process for individuals and businesses to report their income and taxes, ensuring compliance with tax laws.

Sqrrl: How to Register, Login, Reset Password, Download Statement and Withdraw.

Sqrrl Fintech stands out as the premier Mutual Fund App, facilitating seamless investment in Mutual Funds. Through the Sqrrl Account login, users can effortlessly invest, access statements, and initiate withdrawals.

Income Tax Return Filing Date | Don’t Miss Out

Stay informed about income tax return filing date; deadlines to avoid penalties and interest, ensuring timely submissions and maintaining financial compliance.

Late ITR Filing Charges: Everything You Need to Know About Section 234F Penalty and How to Avoid It

Income Tax Return filing Online (ITR) on time is crucial to avoid unnecessary financial burdens. If you miss the deadline, you will face late ITR filing charges that can range from ₹1,000 to ₹5,000, depending on your income and the date you file. These penalties are...

Open a trading account online on Angel Broking

Opening a trading account online with Angel Broking is now convenient. The evolution of stock markets from open outcry systems to electronic platforms has made trading more efficient and accessible.

ULIP (Unit Linked Insurance Plan): Meaning, Types, and Tax Benefits

Individual investors are constantly seeking investment avenues that offer both protection against uncertainties and opportunities for high returns.

Section 206AB and 206CCA of Income Tax Act

Sections 206AB and 206CCA are recent amendments to the Income Tax Act. These sections introduce provisions for the deduction and collection of tax at source at higher rates for specified persons who have not filed their income tax returns.

ITR Documents: Income from other sources

When filing your Income Tax Return (ITR), you can claim deductions for certain investments and expenses. To do this, you need to provide proofs of these investments, such as donation receipts, fixed deposit statements, and other relevant documents.

Presumptive Taxation Scheme: Everything you need to know.

The presumptive taxation scheme, introduced by the Income Tax Act, 1961, offers relief to small taxpayers by simplifying the process of maintaining books of accounts and undergoing audits.

AIS (Annual Information Statement)

An Annual Information Statement (AIS) serves as a comprehensive overview of financial transactions conducted throughout a financial year.