Artho Shots
400 Words to Sharpen Your personal finance Skills
#331 – ITR Offline Utility: Simplifying Tax Filing
The ITR offline utility in India is a powerful tool provided by the Income Tax Department to facilitate tax return filing without constant internet access. This utility is a game-changer
#330 – ITR-U: Updating Income Tax Returns
ITR-U in India, introduced under Section 139(8A) of the Income Tax Act, 1961, allows taxpayers to update their income tax returns to correct errors or omissions. With India’s tax base
#329 – Section 44ADA: Simplified Taxation for Professionals
Section 44ADA under Income Tax Act offers a presumptive taxation scheme for professionals, easing compliance and reducing bookkeeping burdens. With India’s freelance economy growing section 44ADA is thus a boon
#328 – Input Tax Credit: Maximizing GST Benefits
Input Tax Credit (ITC) in India is a cornerstone of the Goods and Services Tax (GST) regime, allowing businesses to offset taxes paid on inputs against output tax liability. understanding
#327 – Section 194O: TDS on E-commerce
TDS on e-commerce (Section 194O) in India, introduced under the Income Tax Act, 1961, ensures tax collection at source for online sellers through e-commerce platforms. With e-commerce sales reaching ₹5.5
#326 – Form 16B: TDS on Property Transactions
Form 16B in India is a crucial TDS certificate for property transactions, ensuring tax compliance on capital gains from real estate sales. With India’s real estate sector booming understanding this
#325 – Difference Between Form 26AS and AIS
The difference between Form 26AS and AIS in India is critical for taxpayers navigating ITR filing, as both documents track tax-related transactions. Thus understanding these forms ensures compliance. How do
#324 – Annual Information Statement (AIS)
The Annual Information Statement (AIS) in India is a robust tax document that consolidates financial and tax-related transactions, enhancing transparency for ITR filing. Understanding AIS is crucial for individuals and
#323 – Form 26AS: Your Essential Tax Credit Statement
Form 26AS in India is a consolidated tax statement that records taxes deducted, collected, or paid on an individual’s income, crucial for accurate ITR filing. Understanding this form is vital