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ITR Filing for Freelancers and Consultants Explained
Freelancers and consultants in India must navigate unique challenges while filing Income Tax Returns (ITR) for FY 2024-25. Unlike salaried employees, their income is not subject to automatic TDS, making accurate reporting, expense tracking, and timely filing essential. Choosing the correct ITR form, maintaining supporting documents, providing bank account details, and understanding deductions under both the presumptive and regular taxation schemes are key to compliance and av

PRITI SIRDESHMUKH
Oct 19 min read
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How to Compare Old vs New Regime While Filing with Form 16
Form 16 is a crucial document for salaried individuals in India, serving as a certificate issued by employers that details the salary...

Dipali Waghmode
Sep 169 min read
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Advance Tax Payment FY 2024-25 & FY 2025-26: Your Complete Guide to Calculation, Due Dates, and Online Payment
Advance tax payment is a system where individuals and companies pay their Income Tax in installments during the financial year. This...

PRITI SIRDESHMUKH
Jun 2014 min read
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Mastering Advance Tax Payment Online in India (FY 2024-25 & FY 2025-26): Your Complete Guide
Timely advance tax payment online is quite important for every eligible taxpayer in India. What is advance tax ? It's simply a system...

Dipali Waghmode
Jun 2017 min read
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ITR Deadline Extended? How to Plan Your Filing Strategy for Maximum Savings
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing deadline for the Financial Year 2024-25...

Rajesh Kumar Kar
Jun 199 min read
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Missed July 31? Here’s How the Extended ITR Filing Date Affects Your Tax Refund
The extension of the Income Tax Return (ITR) filing deadline for FY 2024-25 (Assessment Year 2025-26) by the Central Board of Direct...

Nimisha Panda
Jun 198 min read
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Common Errors in Claiming Deductions and How to Avoid Them (FY 2024-25)
Claiming tax deductions can be a confusing process, especially with the frequent changes to tax laws. For FY 2024-25, the amendments...
Farheen Mukadam
May 139 min read
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How to Download Form 16B Without TAN from TRACES Poral: Detailed Steps for FY 2024-25 & FY 2025-26Introduction
Form 16B is a crucial TDS certificate issued under Section 194-IA of the Income Tax Act, 1961. It is given to the buyer in property...

Dipali Waghmode
May 510 min read
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Section 194C vs Section 194I: TDS on contract work vs TDS on rental income deductions
The Indian Income Tax Act, 1961, incorporates several provisions for Tax Deducted at Source (TDS) to ensure timely collection of taxes....

Rajesh Kumar Kar
May 29 min read
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TDS rate under Section 194A vs Section 194J: TDS on interest income vs professional services
Tax Deducted at Source (TDS) is a crucial aspect of the Indian tax system, ensuring tax compliance across various income sources....

Rashmita Choudhary
May 28 min read
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