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Penalty for Late Filing of Income Tax Return

5 min read

July 17, 2024 by Team Instabizfilings

"What happens if you miss the deadline for filing your income tax return? Let's explore the consequences of late filing. Discover what happens when you fail to meet the deadline for filing your income tax return . . .
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A Comprehensive Guide to Income Tax Return Filing: Deadlines, Refunds, and Audits

6 min read

June 23, 2023 by Team Instabizfilings

Filing income tax returns can be a daunting task, especially when it comes to understanding the deadlines, claiming refunds, and navigating through audits. In this comprehensive guide, we'll . . .
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Decoding Taxation on Businesses in India: A Comprehensive Guide

6 min read

May 26, 2023 by Team Instabizfilings

Taxation is an essential aspect of running a business in any country, and India is no exception. Understanding the tax system in India is crucial for entrepreneurs, startups, and established businesses...
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New Income Tax Slabs | Calculate your Tax Liability

3 min read

February 4, 2020 by Team Instabizfilings

Budget 2020 has proposed to introduce new income tax slabs with reduced rates for those foregoing exemptions and deductions under a "simplified tax regime". This new system is optional and will co-exist with the old one with three slabs and various exemptions and deductions avail
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Key Takeaways from Union Budget 2020

3 min read

February 3, 2020 by Team Instabizfilings

Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in the Lok Sabha. This is the second budget after Narendra Modi led National Democratic Alliance returned to power for a second term. This year's Union Budget centres around three ideas - Aspirational India, E
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Tax Audit Date Extension for AY 2019-20

3 min read

September 28, 2019 by Team Instabizfilings

On consideration of representations recd (received) from across the country, CBDT has decided to extend the due date for filing of ITRs & Tax Audit Reports from 30th Sep, 2019 to 31st of Oct, 2019 in respect of persons whose accounts are required to be audited," the CBDT said in

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