To file your income tax return, you need to choose a form notified by the government for the financial year. At present we have 7 different income tax return forms are notified by the government for the previous year 2023-24 (assessment year 2024-25).For the financial year 2024-25 (assessment year 2025-26), income tax forms are not yet notified. Most probably, it will be … [Read more...] about Income tax return form ITR-3 : What it is and when to choose it for filing?
Who should file income tax return form ITR-2 for FY 2023-24?
As per the current law, income tax return form ITR-2 is to be used when you are not eligible to file form ITR-1 and you don't have income from business or profession.For instance, suppose you are working as a director of a company in addition to getting salary income for the previous year 2023-24 (Assessment Year 2024-25), in this case ITR-1 is not applicable. You need to … [Read more...] about Who should file income tax return form ITR-2 for FY 2023-24?
Who should file Income tax return form ITR-1 for FY 2023-24?
Is income tax return form ITR-1 for you?If you landed here by looking for an answer to “whether income tax return form ITR-1 is applicable to you”, then this article is for you to find your answer.The first and foremost thing before filing an income tax return is to select the right income tax return (ITR) form applicable to you.Many taxpayers think that salaried … [Read more...] about Who should file Income tax return form ITR-1 for FY 2023-24?
How Poop and Scoop scam works in stock market?
If you are in the stock market for a while, then you might have heard about stock market scams. We have different types of scams based on how they occur.Most of the time, you will find retail investors are tricked by misinformation, unsolicited stock tips and buy sell hold recommendations. Such activities can result in loss for the investors or traders.In this article, … [Read more...] about How Poop and Scoop scam works in stock market?
What is corporate bonds and is it safer than stocks
Corporate bonds are debt securities issued by companies to raise capital from the interested investors. As an investor if you buy corporate bonds of a company, then it means you are lending money to that company.For lending your hard earned money, the company will pay you interest on the principal amount invested and when the period ends, they will return the … [Read more...] about What is corporate bonds and is it safer than stocks