{"pagination":"<div class=\"pagging text-center\"><nav><ul class=\"pagination\"><li class=\"page-item\"><span class=\"page-link\"><a href=\"https:\/\/www.filingdigits.com\/blog\/loadRecord\/2\" data-ci-pagination-page=\"2\" rel=\"prev\">&lt;<\/a><\/span><\/li><li class=\"page-item\"><span class=\"page-link\"><a href=\"https:\/\/www.filingdigits.com\/blog\/loadRecord\" data-ci-pagination-page=\"1\" rel=\"start\">1<\/a><\/span><\/li><li class=\"page-item\"><span class=\"page-link\"><a href=\"https:\/\/www.filingdigits.com\/blog\/loadRecord\/2\" data-ci-pagination-page=\"2\">2<\/a><\/span><\/li><li class=\"page-item active\"><span class=\"page-link\">3<span class=\"sr-only\">(current)<\/span><\/span><\/li><\/ul><\/nav><\/div>","result":[{"id":"18","homepage_show":"1","blog_name":"Cases in which online filing of Income Tax Return (ITR) is Mandatory","blog_url":"cases-in-which-online-filing-of-income-tax-return--itr--is-mandatory","category":"7","category_url":"","description":"<p style=\"text-align: justify;\">Here is some cases in which electronic filing of ITRs through <a href=\"https:\/\/www.incometaxindiaefiling.gov.in\/home\"><strong>https:\/\/www.incometaxindiaefiling.gov.in<\/strong><\/a> is mandatory as per income tax act:<\/p>\r\n<p style=\"text-align: justify;\"><span style=\"color: #99cc00;\"><strong><u>In case of individuals &amp; HUF:<\/u><\/strong><\/span><\/p>\r\n<ol style=\"text-align: justify;\">\r\n<li>Where the ITR form to be file is ITR-3 or ITR-4.<\/li>\r\n<li>Where total income of taxpayer is more than 5 lacs rupees or in case of refund needs to be claimed.<\/li>\r\n<li>Where Individual\/HUF has foreign assets\/financial interest\/foreign sources income.<\/li>\r\n<li>Where any relief (Sec 90 or 90A or Deduction Sec 91) in respect of tax paid outside India needs to be claimed.<\/li>\r\n<li>Where taxpayer need to file audit report under the act under section 10 or Sec. 80 or Sec. 44AB or Sec 50B or 92E etc. ITR needs to be filed online if a taxpayer is required to file any of the audit report.<\/li>\r\n<li>Where accounts need to be audited under section 44AB.<\/li>\r\n<\/ol>\r\n<p style=\"text-align: justify;\"><span style=\"color: #99cc00;\"><strong><u>In case of Company:<\/u><\/strong><\/span><\/p>\r\n<ol style=\"text-align: justify;\" start=\"7\">\r\n<li>A Company is mandatorily need to e-file the return using digital signature (DSC).<\/li>\r\n<\/ol>\r\n<p style=\"text-align: justify;\"><span style=\"color: #99cc00;\"><strong><u>In case of Trust\/Political party (Filing ITR-7):<\/u><\/strong><\/span><\/p>\r\n<ol style=\"text-align: justify;\" start=\"8\">\r\n<li>A person filing ITR-7 needs to be file it online through DSC\/EVC\/ITR-V (as the case may be).<\/li>\r\n<\/ol>\r\n<p style=\"text-align: justify;\"><span style=\"color: #99cc00;\"><strong><u>In case of Firm\/LLP\/Any other person:<\/u><\/strong><\/span><\/p>\r\n<ol style=\"text-align: justify;\" start=\"9\">\r\n<li>A firm\/LLP is mandatorily need to e-file the return using digital signature (DSC) if entity is covered under tax audit.<\/li>\r\n<li>If entity is not covered under tax audit, then can e-file through EVC\/DSC\/ITR-V any of the mode.<\/li>\r\n<\/ol>\r\n<p style=\"text-align: justify;\"><strong>Having seen the above points, most of the assessee is already covered to file their return form online. Online filing is now a days is too convenient, easy and time saving. An individual is compulsorily to file return of income (ITR) if he\/she has total income above the basic exemption limit. <\/strong><\/p>\r\n<p style=\"text-align: justify;\"><strong>Verification of ITR can be done by DSC\/EVC\/ITR-V, in some of cases filing through digital signature is mandatory.<\/strong><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"color: #99cc00;\"><strong>For any professional assistance for filing of any ITR form, you can visit by <a href=\"https:\/\/www.filingdigits.com\/services\/income-tax-returns\" target=\"_blank\" rel=\"noopener\">Clicking here<\/a><\/strong><\/span><\/p>","date":"May 09,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"17","homepage_show":"1","blog_name":"Filing of Nil GSTR- 3B by SMS and filing of return (GSTR-3B) by EVC for companies","blog_url":"filing-of-nil-gstr--3b-by-sms-and-filing-of-return--gstr-3b--by-evc-for-companies","category":"5","category_url":"","description":"<p><span style=\"color: #ccffcc;\"><strong>(CBIC Notification No. 38\/2020&ndash;Central Tax)<\/strong><\/span><\/p>\r\n<p><span style=\"color: #99cc00;\"><strong><u>Filing of NIL GST return (3B) by SMS:<\/u><\/strong><\/span><\/p>\r\n<p style=\"text-align: justify;\">Central board of indirect taxes and custom has introduced a new facility in GST laws allowing furnishing of 'Nil' return by SMS facility. This mean businesses with <strong>nil or no entry<\/strong> in all the tables in form GSTR-3B can file return through SMS using the registered mobile number and the said return will be verified by an OTP received on this registered mobile number.<\/p>\r\n<p style=\"text-align: justify;\">Facility will probably start from 1st&nbsp;April 2020 and will cover around 20% of Goods and Services Tax (GST) taxpayers. Instead of filing NIL GST returns online, assessees can just send an SMS to a specified number and need to confirm it by using a OTP.<\/p>\r\n<p style=\"text-align: justify;\">To file &lsquo;Nil&rsquo; return taxpayer need to send a predefined key word message (SMS) to a specified number as given by department for the purpose and confirm it by using an OTP received on registered mobile number. The facility will further simplify the GST return filing and will cover more than 20% of the GST taxpayer. Further clear directions are awaited from GST department for the same.<br \/><br \/><\/p>\r\n<p><span style=\"color: #99cc00;\"><strong><u>Filing of GST return (3B) of companies by EVC (up to 30\/06\/2020):<\/u><\/strong><\/span><\/p>\r\n<p style=\"text-align: justify;\">As per recent direction by CBIC a company shall, during the period from the 21st day of April, 2020 to the 30th day of June, 2020, also be allowed to furnish the GST return in FORM GSTR-3B verified through electronic verification code (EVC). Means a company registered under companies act 2013 can also file\/sign the GSTR-3B by EVC also. Further EVC will be send to the registered mobile number as given in GST registration.<\/p>","date":"May 07,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"16","homepage_show":"1","blog_name":"Residential Status of a person in India (Companies Act & Income Tax Act) and Deemed Resident Concept","blog_url":"residential-status-of-a-person-in-india--companies-act---income-tax-act--and-deemed-resident-concept","category":"7","category_url":"","description":"<p><em><strong><u>Position as per Income Tax Act, 1961:<\/u><\/strong><\/em><\/p>\r\n<p style=\"text-align: justify;\">Residential status is all about to know or to determined taxability of income earned in a particular country. Section 6 of Income Tax Act is all dealt with residential status of an individual or a entity. Let&rsquo;s have a look on a person&rsquo;s residential status and their taxability in India in best possible summarized way.<\/p>\r\n<ol>\r\n<li><span style=\"color: #99cc00;\"><strong>Position as per Law:<\/strong><\/span><\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 40px; text-align: justify;\">To read the exact wording of Section 6 of Income Tax act, 1961, you can visit at <a href=\"https:\/\/bit.ly\/3cQ1vdV\">https:\/\/bit.ly\/3cQ1vdV<\/a> (source: incometaxindia.gov.in).<\/p>\r\n<ol start=\"2\">\r\n<li><span style=\"color: #99cc00;\"><strong>Type of persons and their position of residential status in India:<\/strong><\/span><\/li>\r\n<\/ol>\r\n<ol style=\"list-style-type: lower-roman;\">\r\n<li style=\"text-align: justify;\"><strong>Status for Individuals: <\/strong>An individual residential status can be determined by his\/her physical presence in India. An individual can be a resident or non-resident person, further if said individual is resident in India then we need to find out about ordinary resident (R-OR) or not ordinary resident (R-NOR). Scope of taxability of income is different for all three types.<\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 40px;\"><strong>Resident (Check A)<\/strong><\/p>\r\n<ul>\r\n<li style=\"list-style-type: none;\">\r\n<ul>\r\n<li>Ordinary Resident (Check B)<\/li>\r\n<li>Not Ordinary Resident<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<p style=\"padding-left: 40px;\"><strong>Non-Resident<\/strong><\/p>\r\n<p style=\"padding-left: 40px;\"><strong>Conditions to become resident in India: (Check A)<\/strong><\/p>\r\n<ol>\r\n<li style=\"list-style-type: none;\">\r\n<ol style=\"list-style-type: lower-alpha;\">\r\n<li>Total stay in India during the relevant financial year is 182 days (including day of arrival &amp; departure) or more;<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n<p style=\"text-align: center;\"><strong>OR<\/strong><\/p>\r\n<p style=\"padding-left: 80px;\">b. Total stay in India is 60 days or more during the relevant financial year and 365 days or more during the 4 previous financial years.<\/p>\r\n<p style=\"padding-left: 80px; text-align: justify;\"><strong>Exception:<\/strong> In case of second mentioned condition, total number of days will be replaced by 182 days or more (instead of 60) in case of an individual who is a <strong>citizen of India\/person of Indian origin<\/strong> leaves India for employment during a financial year or leaves as a member of the crew of an Indian ship.<\/p>\r\n<p style=\"padding-left: 80px; text-align: justify;\">Also applicable for an individual being a citizen of India, or a person of Indian origin, who being outside India, comes on a visit to India in any financial year.<\/p>\r\n<p style=\"padding-left: 80px; text-align: justify;\"><strong>Additional changes made from FY 2020-21, amended by Finance Act 2020:<\/strong><\/p>\r\n<p style=\"padding-left: 80px; text-align: justify;\">In case of an individual being a citizen of India, or a person of Indian origin, who being outside India, comes on a visit to India in any financial year whose total income in India exceeds Rs 15 lakh, period of 182 days as mentioned in above exception will be considered as 120 days or more.<\/p>\r\n<p style=\"padding-left: 40px;\"><strong>Conditions to become ordinary resident in India: (Check B)<\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">If you are confirmed as a resident in India, then Now status to be checked for Ordinary resident or Not Ordinary resident. To become ordinary resident in India, you must satisfy following two conditions:<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">a. Your total stay in India as resident should be <strong>at least 2 <\/strong>previous financial years out of<strong> 10 <\/strong>previous financial years&nbsp;immediately prior to the financial year in question.<\/p>\r\n<p style=\"text-align: center;\">AND<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">b. Your total stayed in India must be for at least 730 days in 7 previous financial years immediately prior to the financial year in question.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\"><strong>Resident- Not ordinary resident<\/strong>- If you are not able to satisfy any of the condition mentioned above (Check B) then your status for the financial year concerned will be <strong>Resident- Not ordinary resident<\/strong> in India.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\"><strong>Conditions to become Non-resident in India:<\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">A resident who are not falling any of the above category, will be called a NR for the financial year. i.e. If you are not able to satisfy neither of the condition (&lsquo;a&rsquo; or &lsquo;b&rsquo;) mentioned in check A then your status for the financial year concerned will be <strong>Non-resident<\/strong> in India.<\/p>\r\n<p style=\"text-align: justify;\"><strong>ii. Status for HUF: <\/strong>An HUF is said to be resident in India all time except their control and management is wholly situated outside India. In short, HUF will be called <strong>Non-Resident<\/strong> only if control and management is wholly situated outside India.<\/p>\r\n<p>A resident HUF can also avail the status of &lsquo;Resident but not Ordinarily Resident&rsquo; by satisfying the following conditions:<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">a. Manager\/Karta&rsquo;s total stay in India as <strong>Non-<\/strong>resident should be&nbsp;<strong>at least 9 <\/strong>previous financial years out of<strong> 10 <\/strong>previous financial years&nbsp;immediately prior to the financial year in question.<\/p>\r\n<p style=\"padding-left: 40px; text-align: center;\">OR<\/p>\r\n<p style=\"padding-left: 40px;\">b. Manager\/Karta&rsquo;s total stayed in India must be in total 729 days or less in 7 previous financial years immediately prior to the financial year in question.<\/p>\r\n<p style=\"text-align: justify;\"><strong>iii. Status of Firm\/AOP\/BOI: <\/strong>A Firm\/AOP\/BOI is said to be resident in India all time except their control and management is wholly situated outside India. In short, Firm\/AOP\/BOI will be called <strong>Non-Resident<\/strong> only if control and management is wholly situated outside India.<\/p>\r\n<p><strong>iv. Status of Company:<\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">A company is said to be a resident in India in any previous year, if&mdash;<\/p>\r\n<ol style=\"text-align: justify;\">\r\n<li style=\"list-style-type: none;\">\r\n<ol>\r\n<li>It is an Indian company; or<\/li>\r\n<li>For any other type of company if its place of effective management, in that year, is in India.<\/li>\r\n<\/ol>\r\n<\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 40px; text-align: justify;\">Like in case of foreign company, will be treated resident in India if place of effective management in particular year is in India.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">\"Place of effective management\" means a place where key management and commercial decisions that are necessary for the conduct of business of an entity as a whole are being made.<strong>&nbsp;<\/strong><\/p>\r\n<p><strong>3. <span style=\"color: #99cc00;\">Status not to be Income Source wise (One Residential status for all source of Income)<\/span><\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">If a person status is resident in India in a financial year in respect of any source of income, then that person is deemed to be resident in India in respect of all other sources of income. This is not allowed to claim different status for different source of income of a person. Therefore, before preparing computation of income during the year, this is most important to calculate the residential status of a person during the previous year.<\/p>\r\n<p><strong>4. <span style=\"color: #99cc00;\">Deemed Residential Status for NRI (added by FA 2020)<\/span><\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">Deemed resident concept has been introduced to tax those people who does not have any fix residency in other countries and because of this escaped to tax in India as well. Government just need to ensure that tax has been settled on the income earned in India by these persons.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">As per this provision, an individual, being a citizen of India, having total income (income from only Indian sources),&nbsp;<strong>exceeding fifteen lakh rupees (Rs. 15,00,000)<\/strong>&nbsp;during the previous year shall be <strong>deemed to be resident<\/strong> in India in that previous year, if he is not liable to tax in any other country or territory by reason of his domicile or residential status or any other criteria of similar nature, is said to be deemed resident in India.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\"><strong>This is clarified by CBDT that in case of an Indian citizen who is deemed resident of India under this provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession.<\/strong><\/p>\r\n<p><strong>5. <span style=\"color: #99cc00;\">Examples of Residential status:<\/span><\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\"><strong>For resident:<\/strong><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\"><strong>Case: <\/strong>Let consider the case of Mr X, Senior manager for India &amp; outer regions for a private company. Mr X, an Indian citizen was born and raised in India. He has to travel to various locations outside India for business purposes. He has spent 195 days travelling in the current financial year. Also, he has been travelling foreign from the past two and half years and has stayed out of India for about 444 days in this period.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">Now, have a look on the both of the condition given in point 2 above, after considering the above information to know the resident status of Mr X, you will understand that he has only spent 170 days in India during the current financial year. That proves the first condition wrong. It is given that Mr X has been travelling only from the past two &amp; half years.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">As per second condition, Mr X has been in India for more than 60 days in previous year and Mr X has also stayed in India for more than 365 days (469 days) in last four years.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">Therefore, the second condition have matched to become an resident in India. Mr X is a resident Indian for this financial year.<\/p>\r\n<p><strong>6. <span style=\"color: #99cc00;\">Residential Status calculator (source: www.incometaxindia.gov.in)<\/span><\/strong><\/p>\r\n<p style=\"padding-left: 40px;\"><a href=\"https:\/\/www.incometaxindia.gov.in\/Pages\/tools\/residential-status-calculator.aspx\">https:\/\/www.incometaxindia.gov.in\/Pages\/tools\/residential-status-calculator.aspx<\/a><\/p>\r\n<p><strong>7. <span style=\"color: #99cc00;\">Taxability of Income as per residential status of a Person:<\/span><\/strong><\/p>\r\n<table style=\"width: 560px;\" width=\"586\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 30px; text-align: center;\">\r\n<p><span style=\"color: #99cc00;\"><strong>S. N.<\/strong><\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 205.333px; text-align: center;\">\r\n<p><span style=\"color: #99cc00;\"><strong>Nature of Income<\/strong><\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.6667px; text-align: center;\">\r\n<p><span style=\"color: #99cc00;\"><strong>Resident<\/strong><\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 119.333px; text-align: center;\">\r\n<p><span style=\"color: #99cc00;\"><strong>Not Ordinary R.<\/strong><\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 99.3333px; text-align: center;\">\r\n<p><span style=\"color: #99cc00;\"><strong>Non-Resident<\/strong><\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 30px; text-align: center;\">\r\n<p>1<\/p>\r\n<\/td>\r\n<td style=\"width: 205.333px; text-align: center;\">\r\n<p>Income received or deemed to be received in India<\/p>\r\n<\/td>\r\n<td style=\"width: 72.6667px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 119.333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 99.3333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 30px; text-align: center;\">\r\n<p>2<\/p>\r\n<\/td>\r\n<td style=\"width: 205.333px; text-align: center;\">\r\n<p>Income accrues or arises in India<\/p>\r\n<\/td>\r\n<td style=\"width: 72.6667px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 119.333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 99.3333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 30px; text-align: center;\">\r\n<p>3<\/p>\r\n<\/td>\r\n<td style=\"width: 205.333px; text-align: center;\">\r\n<p>Income deemed to accrue or arise in India<\/p>\r\n<\/td>\r\n<td style=\"width: 72.6667px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 119.333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 99.3333px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 30px; text-align: center;\">\r\n<p>4<\/p>\r\n<\/td>\r\n<td style=\"width: 205.333px; text-align: center;\">\r\n<p>Income accrues or arises outside India<\/p>\r\n<\/td>\r\n<td style=\"width: 72.6667px; text-align: center;\">\r\n<p>Taxable<\/p>\r\n<\/td>\r\n<td style=\"width: 119.333px; text-align: center;\">\r\n<p>Not Taxable*<\/p>\r\n<\/td>\r\n<td style=\"width: 99.3333px; text-align: center;\">\r\n<p>Not Taxable<\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 550.667px; text-align: center;\" colspan=\"5\">\r\n<p>&lsquo;*Taxable in case of business controlled or profession set up in India<\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p>&nbsp;<\/p>\r\n<p><em><strong><u>Position as per Companies Act, 2013:<\/u><\/strong><\/em><\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">In the companies act, there is no as such requirement for residential status. Point about appointment of resident director is given below.<\/p>\r\n<p style=\"padding-left: 40px; text-align: justify;\">As per the provisions of sub section (3) of section 149 of companies Act, 2013, Every company shall have at least one director who has stayed in India for a total period of not less than one hundred and eighty-two (182) days in the previous calendar year. Means as per the provision, One resident director is must to be appointed in every company.<\/p>","date":"May 04,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"15","homepage_show":"1","blog_name":"How to check Income Tax Refund Status","blog_url":"how-to-check-income-tax-refund-status","category":"7","category_url":"","description":"<p><iframe src=\"\/\/www.youtube.com\/embed\/PIMYryym1cM\" width=\"100%\" height=\"314\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>","date":"Apr 20,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"13","homepage_show":"1","blog_name":"Taxability of Dividend in the hand of shareholder","blog_url":"taxability-of-dividend-in-the-hand-of-shareholder","category":"4","category_url":"","description":"<p><img src=\"https:\/\/www.filingdigits.com\/uploads\/image\/dcc59e1f11cfbc3cc5bcc3949f74512d.jpg\" alt=\"\" width=\"725\" height=\"401\" \/><\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>","date":"Jul 02,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"9","homepage_show":"1","blog_name":"Income Tax Returns at a Glance FY 18-19","blog_url":"income-tax-returns-at-a-glance-fy-18-19","category":"7","category_url":"","description":"","date":"Feb 28,2020","status":"1","image":"","link":"","posted_by":"Admin","tags":null,"created_at":"0000-00-00 00:00:00"},{"id":"8","homepage_show":"1","blog_name":"How to claim income tax refund!","blog_url":"how-to-claim-income-tax-refund","category":"7","category_url":"","description":"<p>Every year we all file income tax returns (ITR) but most of us are not sure about how the process of claiming income tax refund works. For the FY 2018-19, the last date of ITR filing has been extended by a month from July 31, 2019 to August 31, 2019.&nbsp;<br \/><br \/>You are eligible to receive income tax refund when you have paid more tax to the government than your actual tax liability. This usually happens when the advance tax, self-assessment tax paid or TDS deducted of the taxpayer is higher than the total tax liability of a taxpayer.&nbsp;<br \/><br \/><strong>Process to claim Income Tax Refund<\/strong>&nbsp;<br \/>A person can claim the refund of the excess tax paid\/deducted during a financial year by filing his or her income tax returns for that year.&nbsp;<br \/><br \/>As per the Income Tax Act, a person is required to file his\/her return in the relevant assessment year by July 31 (unless deadline extended) to claim the refund. The FY immediately succeeding a financial year is the relevant assessment year (AY) for that FY.&nbsp;<br \/><br \/>A person can file his\/her return either by uploading the filled excel\/java utility form or by providing the required data in the online forms (Only for those eligible to file ITR 1 or ITR 4 form).&nbsp;<br \/><br \/>This year, tax department has started providing pre-filled ITRs on the online platform. The ITR form is filled with information regarding salary income, interest income (in case TDS is deducted) and other details. If you are filing ITR using Excel utility, then you can download XML file to pre-fill your ITR.&nbsp;<\/p>","date":"Sep 05,2019","status":"1","image":"","link":"","posted_by":"Team FD","tags":null,"created_at":"0000-00-00 00:00:00"}],"row":24}