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ITR-5 Form for Partnerships and LLPs Explained
ITR-5 is the prescribed income tax return form for partnership firms, LLPs, and other non-company entities in India. Filing it accurately...

PRITI SIRDESHMUKH
Oct 4, 20259 min read
ITR-4 Presumptive Taxation: Is It Right for You?
ITR-4 is designed to simplify tax filing for small business owners, freelancers, and eligible professionals by allowing income to be...

PRITI SIRDESHMUKH
Oct 4, 20258 min read
ITR-3 Explained: Who Should File and When?
ITR-3 is specifically designed for individuals and Hindu Undivided Families (HUFs) who have income from a business or profession. Unlike...

PRITI SIRDESHMUKH
Oct 4, 20259 min read
ITR-1 vs ITR-2: Key Differences for Salaried Employees
Filing Income Tax Returns (ITR) accurately is critical for salaried employees to ensure compliance and avoid penalties. Choosing the...

PRITI SIRDESHMUKH
Oct 4, 20258 min read
Which ITR Form Should You File for FY 2024–25?
Filing your Income Tax Return (ITR) correctly is crucial to ensure compliance, avoid penalties, and claim refunds efficiently. For FY...

PRITI SIRDESHMUKH
Oct 4, 20259 min read
Section 131: Powers of Inquiry in Tax Notices
Section 131 of the Income Tax Act, 1961, empowers tax authorities with extensive powers of inquiry to ensure accurate tax reporting and...

PRITI SIRDESHMUKH
Oct 3, 20258 min read
NRI Income Tax Notices: Why NRIs Are Often Targeted
Non-Resident Indians (NRIs) are increasingly receiving income tax notices due to heightened digital monitoring, discrepancies in income...

PRITI SIRDESHMUKH
Oct 3, 20258 min read
Common Mistakes That Lead to Income Tax Notices
Income tax notices in India are often triggered by small but critical errors in filing returns or maintaining financial records. With...

PRITI SIRDESHMUKH
Oct 3, 20258 min read
Section 133(6): When ITD Asks for More Information
Section 133(6) of the Income Tax Act empowers the Income Tax Department (ITD) to request detailed information from individuals,...

PRITI SIRDESHMUKH
Oct 3, 20259 min read
Income Tax Notice for High-Value Property Transactions
Income tax notices for high-value property transactions arise when the purchase or sale of immovable property exceeds ₹30 lakh or when...

PRITI SIRDESHMUKH
Oct 3, 20258 min read
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