Figyan

CA Bigyan Kumar Mishra

is a fellow member of the Institute of Chartered Accountants of India.He writes about personal finance, income tax, goods and services tax (GST), stock market, company law and other topics on finance. Follow him on linkedin or facebook or instagram or twitter.

Tax Return filing due date for Individuals – FY 2021-22

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In India, an individual is required to file his income tax return on or before the due date of filing if income for the financial year is over the basic exemption limit.Basic exemption limit has been fixed by the government for each financial year in our annual budget.For the financial year 2020-21 (AY 2021-22) and financial year 2021-22 (AY 2022-23), the basic … [Read more...] about Tax Return filing due date for Individuals – FY 2021-22

A comprehensive guide to revise an income tax return in India

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Many things can go wrong when filing your income tax return, such as incorrectly declaring dividends, bank interest, short/long term capital gains, and other incomes, inputting the incorrect bank account details and general information, or claiming improper exemptions and tax deductions. To correct these types of mistakes, the government has given an option to file a revised … [Read more...] about A comprehensive guide to revise an income tax return in India

House Rent Allowance or HRA exemption calculation

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House rent allowance or HRA is considered to be one of the main component of salary provided by the employer in connection with rent of the accommodation taken by employee at the place of service.Based on the city’s living condition, house rent allowance is fixed before sending offer letters to employees. House rent allowance is taxable under the head "income from salary" … [Read more...] about House Rent Allowance or HRA exemption calculation

Income Tax Return Acknowledgement (ITR-V)-All You Need To Know

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Income Tax Return acknowledgement or Verification form is a one page acknowledgement slip generated when a taxpayer files his annual tax return online.While uploading your income tax return, you will have following options to choose;To e-verify your return by using your net banking account or by validating bank account details or by using Aadhar based OTP; orTo use … [Read more...] about Income Tax Return Acknowledgement (ITR-V)-All You Need To Know

A Simple Guide to Registering a Private Limited Company in India

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Starting a business in India is an exciting step, but before you can begin, you must legally register your company. This process is called company incorporation, and it turns your business into a recognized legal entity. In this easy-to-understand guide, we’ll walk you through the entire company registration process in India. By following these steps, even if you are new to … [Read more...] about A Simple Guide to Registering a Private Limited Company in India