9 Income Tax rules have changed, it is important to know before filing return

DECRYPTAGE - Paper reporting, individualized rates, rent reporting... Some new developments need to be closely monitored.

Director shareholders must disclose dividends

As a company owner manager, new rules will require you to report more information about your company and the income you derive from it on your self-assessment tax return. What’s the full story? HMRC has ramped up its unrelenting attack on small companies and their owners with a new requirement to report income. Until now, self-assessment tax returns required a single total figure for all dividend income received in the tax year. This is set to c…

Old ITR file download: Why is old ITR needed, what is complete process to download it; Know the complete details - Business League

How to download last year’s ITR for bank loan, visa or government scheme? Why is ITR-V necessary, where to get it, and how to open the file by entering the password. Know every detail here. ITR File Download Step by Step Procces: Do you need old ITR for bank loan? Or have you been asked for last year’s income details at the time of visa application? Or do you have to provide income proof for applying for any government scheme? There are many suc…

9 Income Tax rules have changed, it is important to know before filing return

To simplify the income tax return, the Finance Ministry has provided 5 forms for filing tax returns, which are used according to the income. All the new rules that we are telling you about are related to these forms. If you are thinking of filing income tax return for the financial year 2024-25 (AY 2025-26), then you must know about the changes in the rules for ITR forms ITR1, ITR2, ITR3 and ITR 4. Also, when you file the return and go to the in…