Read our blog at eTaxMentor | Tax Consultation

Understanding the CBDT’s Compliance Campaign for AY 2024-25: Let eTaxMentor Guide You Every Step of the Way

The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign to help taxpayers accurately complete Schedule Foreign Assets (FA) and Schedule Foreign Source Income (FSI) in their Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. For taxpayers with foreign assets or foreign income, it’s crucial to disclose everything fully under the […]

How Corporates Can Waive Interest on Late Tax Payments Under Section 220 (2A)

How Corporates Can Waive Interest on Late Tax Payments Under Section 220 (2A): A Guide by eTaxMentor Is your corporation facing hefty interest charges due to delayed tax payments? You’re not alone. Many businesses are searching for ways to reduce or waive these additional costs. The Central Board of Direct Taxes (CBDT) has recently updated […]

Facing Income Tax Demand Notices for Short-Term Gains? Here’s What You Need to Know

If you’ve received a demand notice from the Income Tax (I-T) department for short-term capital gains (STCG), you’re not alone. Recently, many taxpayers—particularly those with stock market transactions—have been served tax notices demanding payments on their equity gains. The reason behind this? A misunderstanding of the Section 87A rebate by the I-T department has left […]

Understanding Defective Notices Under Section 139(9)

Receiving a defective notice under Section 139(9) from the Income Tax Department can be stressful, but understanding what it means and how to respond can make the process much smoother. Defective notice indicates that there are errors or omissions in your filed income tax return (ITR) that needs to be corrected. In this article, we’ll […]

Do I Need to File an Income Tax Return If I Earned ₹6 Lakhs and Spent 5 Lakhs?

Filing an Income Tax Return (ITR) is a crucial responsibility for individuals earning a certain income threshold. If you’ve earned ₹6 Lakhs, and spent ₹5 Lakhs, you might be wondering if you need to file an ITR and what happens if you don’t. Here’s a detailed look at the requirements and implications. Income Tax Filing […]

I earned ₹1 Crore and spent ₹99.99 lakhs. Should I file IT Returns in India?

Understanding Income Tax Filing Obligations Earning ₹1Crore Rupees in a financial year is a significant achievement. However, it brings with it the responsibility of filing your Income Tax Return (ITR). If you’ve spent ₹99.99 Lakhs of that income, you might be wondering whether you still need to file an ITR, how to go about it, […]

Advance Tax due dates for the Financial Year 2023-24 (Assessment Year 2024-25)

Advance Taxes are an important contribution by all taxpayers as the taxes collected will be used by the government as per their budget promises. Most importantly, timely payment of advance taxes helps the tax filers to reduce their interest for delayed payment of taxes. Interest under Section 234 B & 234 C of Income Tax […]

10 Tips for Efficient and Accurate Tax Filing for Corporations

Tax filing season – the unavoidable yet often burdensome time of the year that every corporation must face. If you’re a beginner navigating the complexities of corporate tax filing, fear not, you’re not alone! We understand the challenges of ensuring efficient and accurate tax filing, and that’s why we’re here to lend a helping hand. […]

A New Beginning

eTaxMentor was launched in 2009 to empower individuals and businesses to file their taxes on the web. Over the last decade, we expanded our services to include taxation, GST, bookkeeping, and other financial services.

Blogs