NS Tax Consultancy-Undri

NS Tax Consultancy-Undri We are in the business ,
Of Helping yours

25/05/2026

🔳ITR-1 (Sahaj) is filed by Resident Individuals with straightforward income up to ₹50 Lakhs. It cannot be used by HUFs, NRIs, or individuals with complex business or capital gains.

✅ Eligible Income Sources

You can file ITR-1 if your income comes from:

Salary or Pension

One House Property (excluding brought-forward losses from previous years)

Other Sources (e.g., interest from savings accounts, fixed deposits, or family pension)

Agricultural Income up to ₹5,000

Long-Term Capital Gains (LTCG) u/s 112A up to ₹1.25 Lakhs (with no carry-forward of losses)

❌ Who Cannot File ITR-1?

You must choose a different form if you have:

Total income exceeding ₹50 Lakhs

Income from a business or profession

Income from more than one house property

Foreign income or assets/properties outside India

Income from lotteries, horse racing, or gambling

Status as an NRI or Resident Not Ordinarily Resident (RNOR)

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







23/05/2026

New Pancard apply Online 2026 | How to apply for a new PAN card online| 2026 में Pancard कैसे बनाएँ।

◾️Steps to Apply
▪️Visit the Portal: Go to the official Protean PAN Online Services or the UTIITSL Portal.
▪️Select Application Type: Choose New PAN - Indian Citizen (Form 49A) and select the 'Individual' category.
▪️Fill the Form: Enter your basic details, mobile number, and email. Submit the form to generate a token number.
▪️Choose e-KYC: Select the "Submit digitally through e-KYC & e-Sign" option to proceed paperlessly.
▪️Enter Aadhaar Details: Input your Aadhaar number. You can choose to use your existing Aadhaar photograph on your PAN card.
▪️Pay the Fee: The standard application fee is generally around Rs. 91 plus applicable GST. Pay this using a credit/debit card, net-banking, or UPI.
▪️Complete e-Sign: Authenticate your application using the OTP sent to the mobile number linked with your Aadhaar.

◾️Important Details

▪️Processing Time: Once your e-Sign is successfully processed, your e-PAN will be generated in a few minutes, and the physical card will be delivered to your address.

▪️No Documents Needed: Because your details are fetched via your Aadhaar, you generally will not need to upload physical copies of identity or address proofs.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







22/05/2026

🔳Under Section 206C(1F) of the Income Tax Act, car dealers must collect a 1% Tax Collected at Source (TCS) on any motor vehicle purchase exceeding ₹10 lakh. It applies per transaction, regardless of whether the car is for personal or business use, and can be claimed back while filing your ITR.

◾️Key TCS Rules to Know
▪️The Threshold: TCS applies only if a single car's sale value exceeds ₹10 lakh. If multiple vehicles are bought in separate transactions, each costing under ₹10 lakh, no TCS is collected.

▪️The Rate: The dealer will collect 1% of the total sale consideration (including accessories, ex-showroom price, and taxes if they are part of the total invoiced amount).
▪️When It's Collected: The dealer adds this to your invoice and collects it at the time of receiving the payment or debiting your account, whichever is earlier.
▪️Collection Mechanism: The tax is linked directly to your PAN.

◾️What the Buyer Needs to Do
▪️Verify in Form 26AS/AIS: Once the dealer deposits the TCS with the government, it will reflect in your Annual Information Statement (AIS) and Form 26AS on the Income Tax India e-Filing Portal.
▪️Collect Form 27D: The dealer will issue you a Form 27D certificate as proof of the TCS deduction.
▪️Claim Credit or Refund: When filing your Income Tax Return (ITR), this 1% TCS functions exactly like an advance tax. It can be offset against your total income tax liability. If your tax liability is less than the TCS deducted (or zero), the excess amount is refunded to your bank account.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







19/05/2026

🔳 Before finalizing any property purchase in India, you must review these eight essential documents to ensure a clear title and avoid legal disputes.
▪️Sale Deed (Title Deed): The primary legal document transferring ownership from the seller to you. It proves the seller has the right to sell the property.

▪️Mother Deed: The master document tracing the entire chain of ownership from the original owner to the current seller.

▪️Encumbrance Certificate (EC): A record confirming the property has no pending legal dues, liabilities, or active mortgages (loans).

▪️Approved Building Plan: Blueprint sanctioned by the local municipal authority ensuring the structure complies with zoning and building regulations.

▪️Completion & Occupancy Certificate (OC): The OC confirms the building is legally ready for habitation and built according to the approved plan.

▪️Property Tax Receipts: Recent tax receipts proving the seller has paid all government dues and there are no hidden municipal liabilities.

▪️Khata Certificate & Extract: A municipal record identifying the property and the owner, required for property tax and utility connections.

▪️Conversion Certificate: Required if you are buying agricultural land or a plot that has been converted for residential or commercial use.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







19/05/2026

🔳From FY 2025-26 (AY 2026-27), it is mandatory to disclose the closing balance of all operational bank accounts as of 31st March 2026 in the ITR-4 form. This new requirement, effective from April 2026, applies to the 'Financial Particulars of Business' section to improve transparency, particularly under presumptive taxation schemes (Sections 44AD, 44ADA, 44AE).

◾️Key Details for ITR-4 (FY 2025-26 / AY 2026-27)

▪️Mandatory Disclosure: You must report the exact balance in your business bank account(s) as of March 31, 2026.

▪️Where to Disclose: The bank balance goes under the "Financial Particulars of Business" section, specifically in the updated section for assets.

▪️Reconciliation: The tax department will compare this closing balance with your Annual Information Statement (AIS).

▪️Penalty: Mismatching or failing to disclose the accurate bank balance can trigger tax notices and penalties, with potential fines up to 200% for underreporting income.

◾️Ensure you have your bank statements ready for the end of the financial year (31st March) to verify the balance.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







18/05/2026

🔳Renting a home isn't necessarily a "loss"; it depends entirely on your financial goals and lifestyle. It is ideal for flexibility and investing surplus cash elsewhere, but you miss out on property appreciation.

◾️Why Renting Can Be Advantageous (The "No Loss" View)

Renting allows you to save and invest the difference between buying costs and rent.

▪️Example: If you rent for \(\$2,000\), your housing cost is fixed. If you bought, your EMI would be \(\$2,661\) plus maintenance and property taxes. If you take the \(\$661\) you save (plus your \(\$100,000\) down payment) and invest it in the stock market (historically yielding \(\approx 8\%\) to \(10\%\)), you could build significant wealth over 30 years without the debt burden of a mortgage.

2.◾️ Why Renting Can Be a Disadvantage (The "Loss" View)When you rent, you are paying someone else's mortgage and miss out on building equity (ownership) in a physical asset.
▪️Example: If you pay \(\$2,000\) rent for 10 years, you will have paid \(\$240,000\) that is gone forever. If you owned that home, even accounting for interest and maintenance, a portion of every payment builds your net worth. Furthermore, if real estate prices appreciate at \(4\%\) annually, the \(\$500,000\) home will be worth \(\approx \$740,000\) in 10 years. As a renter, you miss out on this capital appreciation.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







18/05/2026

🔳The last date to file your Income Tax Return (ITR) for FY 2025–26 (AY 2026–27) is typically July 31, 2026 for non-audit individual taxpayers. If you file before this due date, you will not face any penalties or interest.

◾️However, you should not file your ITR right now (or at least not until all your financial data is fully finalized) due to the following critical reasons:

▪️Missing Financial Statements: Your employer and financial institutions generate vital tax documents like Form 16, Form 26AS, and the Annual Information Statement (AIS) later in the financial year. Filing before these are generated often leads to calculation errors or mismatches.
▪️Late Fee Penalties: If you fail to file by the deadline, you can file a belated return by December 31, 2026, but this will attract a late penalty of up to Rs. 5,000 (Rs. 1,000 for incomes below Rs. 5 lakh) under Section 234F.
▪️Loss of Claiming Benefits: Filing late means you lose the ability to carry forward certain financial losses (like capital gains or business losses) to offset against future income.

▪️Changes to Tax Forms: Make sure you select the correct ITR form. With the Income Tax Act 1961 transitioning to new Income Tax Act 2025 provisions for recent updates, the portal enables specific forms depending on your income profile.

◾️Track your finalized documents or begin the filing process on the Income Tax e-Filing Portal.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







17/05/2026

Agricultural and floriculture income in India is exempt from central income tax under Section 10(1) of the Income Tax Act, 1961, provided it is derived from land situated in India used for agricultural purposes, including cultivation and farming activities. This applies to growing flowers, plants, and creepers, making such income generally tax-free.

◾️Key Details on Agricultural/Floriculture Income Tax Exemption:

Definition of Agriculture: Includes horticulture, which covers the cultivation of flowers and plants.

Full Exemption: Income from growing and selling agricultural produce, including fresh flowers, is exempt.

Conditions: The income must be derived from land located in India.

Partial Integration: If net agricultural income exceeds ₹5,000 p.a. and total non-agricultural income exceeds the basic exemption limit (e.g., ₹3 lakh for AY 2026-27), agricultural income is considered for calculating the tax rate on non-agricultural income.

Land Type: Income from rural agricultural land is not subject to capital gains tax.

While generally tax-free, high-income agricultural earners must still disclose this income in their tax returns for reporting purposes.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







15/05/2026

🔳 ITR-1 (Sahaj) and ITR-4 (Sugam) forms for the Assessment Year (AY) 2026–27 are live on the Income Tax e-Filing Portal. Taxpayers can now file their returns directly online or prepare them offline using the downloadable Excel utilities.

◾️Who Can File?
▪️ITR-1: For resident individuals with total income up to ₹50 lakh. Income must primarily be from Salary/Pension, one house property, and other sources (e.g., interest).

▪️ITR-4: For resident individuals, HUFs, and firms (excluding LLPs) having presumptive business or professional income.

◾️How to File
▪️Online Mode: Log in to the Income Tax E-Filing Portal , navigate to e-File > Income Tax Return > File Income Tax Return, select AY 2026–27, and proceed to file online.

▪️Offline Mode: Download the Excel utility or JSON schema from the downloads - Income Tax Returns
section, fill out your details, and upload the generated JSON file to the portal.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







14/05/2026

◼️Addressing the nation, the Prime Minister made several key requests, which can be grouped into these primary actions:

▪️Reduce Personal Fuel Consumption: The public was urged to lower their petrol and diesel usage.

▪️Opt for Public Transport: Citizens were encouraged to use metro services, carpool, and rely on public transport to conserve fuel.

▪️Adopt Remote Work (WFH): Modi suggested re-adopting COVID-era work-from-home practices and virtual meetings to reduce commuting.

▪️Avoid Non-Essential Gold Purchases: The public was asked to refrain from buying gold for one year, as it puts pressure on foreign exchange reserves.

▪️Skip Overseas Travel: Individuals were urged to postpone foreign vacations and travel for a year to save on foreign currency.

▪️Switch to Alternative Farming: Farmers were asked to halve their use of chemical fertilizers and instead opt for natural farming methods, citing fertilizer supply constraints.

These appeals were positioned as necessary steps for energy security and economic stability during global supply chain disruptions.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







14/05/2026

⬛️ Women buying property, particularly in India, enjoy significant financial and legal advantages, including lower stamp duty (\(1\%-2\%\) less), reduced home loan interest rates (\(0.05\%-0.1\%\) lower), and tax deductions of up to ₹3.5 lakh (combined under Sec 80C and 24b). Additional perks include eligibility for PMAY subsidies, easier loan approvals, and enhanced long-term financial security.

◼️ Key Benefits for Women Property Buyers:

◾️Reduced Stamp Duty: Many states in India offer lower stamp duty charges to women, generally 1% to 2% less than what men pay. This can lead to substantial savings, often reducing costs by ₹80,000 to ₹1.6 lakh on a ₹80 lakh property.

◾️Lower Home Loan Interest Rates: Lenders often provide women with a lower interest rate, typically \(0.05\%\) to \(0.1\%\) cheaper than standard rates, which can save a significant amount over a 20-year loan.

◾️Tax Benefits: Women can claim tax deductions on home loan repayment:

▪️Section 80C: Up to ₹1.5 lakh on principal ▪️repayment.
▪️Section 24(b): Up to ₹2 lakh on interest payments.
Additional Deductions: First-time buyers may get an extra ₹50,000 under Section 80EE or up to ₹1.5 lakh under Section 80EEA.

➡️Connect with us on Social Plateforms ↙️

✅ Facebook : NS Tax Consultancy-Undri
✅ Instagram :NS Tax Consultancy-Undri
✅ Youtube : NS Tax Consultancy -Undri

➡️Facebook, Instagram, Youtube : **

Write us on
📧 [email protected]
🌐 https://nstaxconsultancyundri.com/







Address

Office No: 233, 2nd Floor, Above Pune Electronics, Opp To Star Bazaar, VTP Tradepark, Undri-Pisoli Road, Near Undri Chowk, Undri, Pune/411060
Pune
411060

Opening Hours

Monday 11am - 6pm
Tuesday 11am - 6pm
Wednesday 11am - 6pm
Thursday 11am - 6pm
Friday 11am - 6pm
Saturday 11am - 6pm

Telephone

+919913954249

Website

Alerts

Be the first to know and let us send you an email when NS Tax Consultancy-Undri posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to NS Tax Consultancy-Undri:

Shortcuts

Share