Where a taxpayer claims deduction under Section 80G, the prescribed reporting particulars should be completed accurately.
Taxpayers with relatively straightforward salary structures, minimal tax-saving investments, no housing loan, no HRA claim and limited deductions may generally…
Avoid income tax scrutiny by claiming only eligible deductions backed by valid documents. Check which ITR claims are most frequently…
With increasing digital integration across government databases, preventive reconciliation before filing the return has become considerably more important than post-filing…
Financial planning should not stop at income-tax planning. Individuals should evaluate major spending, investment, and wealth creation decisions through a…
Deductions and exemptions should be claimed only once for the full year, not separately with each employer.
A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and information handy,…
Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS).…
Taxpayers should rely primarily on Form 26AS and AIS, as these reflect TDS entries reported and processed by the tax…
For taxpayers eligible to choose between the old and new tax regimes, receipt of Form 16 presents an opportunity to…
Hence, here are the 10 entries that taxpayers must cross-check in their pre-filed ITR forms to avoid mismatches and potential…
If a taxpayer withdraws EPF before completing 5 years of continuous service, especially while changing jobs instead of transferring the…
Failure to provide proper documents to the employer results in a higher deduction of tax, and claim of HRA not…
While the new tax regime provides rebate benefits effectively resulting in nil tax liability for resident individuals having taxable income…
Many taxpayers think filing an ITR is necessary only when taxes are payable. Experts say that is a costly misconception.…
Many taxpayers assume every donation qualifies for a 100% tax deduction, but that’s not the case. Under Section 80G, donations…
If your stock market portfolio ended FY 2025-26 in the red, the losses may not be entirely bad news. During…
India’s tax system has quietly undergone a major shift. With the effective tax-free income limit at Rs 12 lakh under…