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How can one file income tax returns in India?
Income tax returns can be filed online through the Income Tax Department's e-filing portal.
Income tax returns can be filed online through the Income Tax Department’s e-filing portal.
See lessWhat are the penalties for late filing of income tax returns?
Penalties for late filing can range from Rs. 1,000 to Rs. 10,000, depending on the delay and the total income.
Penalties for late filing can range from Rs. 1,000 to Rs. 10,000, depending on the delay and the total income.
See lessWhat are the due dates for filing income tax returns in India?
The due date for individual taxpayers is usually July 31st, while for companies and entities requiring audit, it is September 30th of the assessment year.
The due date for individual taxpayers is usually July 31st, while for companies and entities requiring audit, it is September 30th of the assessment year.
See lessWho needs to file an income tax return in India?
Any individual or entity whose income exceeds the basic exemption limit prescribed by the Income Tax Act must file an income tax return.
Any individual or entity whose income exceeds the basic exemption limit prescribed by the Income Tax Act must file an income tax return.
See lessWhat is the financial year in India?
The financial year in India runs from April 1st to March 31st of the following year.
The financial year in India runs from April 1st to March 31st of the following year.
See lessWhat are the income tax slabs in India?
Income tax slabs vary based on the income level and the age of the taxpayer, with different slabs for individuals below 60, senior citizens (60-80 years), and super senior citizens (above 80 years).
Income tax slabs vary based on the income level and the age of the taxpayer, with different slabs for individuals below 60, senior citizens (60-80 years), and super senior citizens (above 80 years).
See lessWhat is Goods and Services Tax (GST)?
GST is an indirect tax levied on the supply of goods and services, which has replaced multiple indirect taxes in India.
GST is an indirect tax levied on the supply of goods and services, which has replaced multiple indirect taxes in India.
See lessWhat is income tax?
Income tax is a direct tax levied on the income earned by individuals, companies, and other entities.
Income tax is a direct tax levied on the income earned by individuals, companies, and other entities.
See lessWhat are the different types of taxes in India?
The main types of taxes in India are direct taxes (like income tax) and indirect taxes (like Goods and Services Tax or GST).
The main types of taxes in India are direct taxes (like income tax) and indirect taxes (like Goods and Services Tax or GST).
See lessWhat are the future market trends and investment prospects for apartments, individual houses, and villas in the next decade?
Future market trends indicate a growing demand for sustainable and smart homes across all property types. For apartments, urbanization and the need for affordable housing will drive demand, particularly in metropolitan areas with robust job markets and infrastructure development. Individual houses wRead more
Future market trends indicate a growing demand for sustainable and smart homes across all property types. For apartments, urbanization and the need for affordable housing will drive demand, particularly in metropolitan areas with robust job markets and infrastructure development. Individual houses will continue to attract families seeking more space and privacy, with suburban areas seeing significant growth due to the remote work trend. Villas will remain a niche market, appealing to affluent buyers looking for luxury, privacy, and high-end amenities. Investment prospects are promising for all three property types, but they will vary based on location, economic conditions, and evolving consumer preferences. Sustainable and eco-friendly properties are expected to see higher appreciation rates as environmental awareness increases.
See less