
How to save tax on sale of ancestral property: The sale proceeds from the ancestral property can be deposited in…
Advance Tax Payment Rules 2023: Every individual, including salaried employees, is required to pay advance tax if his/her tax liability…
House/Flat sale – Capital Gains tax Saving with REC Bonds: Taxpayer can temporarily park money in SBI Savings Account, says…
The average ITR processing time for returns filed for AY 2023-24 has been reduced to 10 days compared to 82…
Tax on sale of house/flat/property: When you sell a property, you are liable to pay capital gains tax on the…
Taxation of Gold purchased in wife’s name: Selling an asset at a price higher than the price at the time…
Income Tax rules for property/flat purchased in wife’s name: Tax liability arises when you sell a flat at a higher…
Income Tax Return Verification and Refund News (August 24): Many taxpayers submit their returns on the e-filing portal of the…
Income Tax Rules for investing in wife’s name: Trying to save tax by investing in mutual funds and stocks in…
Deceptive Income Tax Return (ITR) practices by taxpayers often result in an Income Tax notice from the tax department.
Income Tax Demand Notice/Intimation AY 2023-24: ITR filers can receive a tax demand notice if there is a discrepancy between…
Income which is accruing or arising or deemed to accrue or arise in India is also taxable in the hands…
The Income Tax Department has notified rules for valuing rent-free accommodation provided by employers. Check details
Revised Income Tax Return: every taxpayer (including belated ITR) is allowed to file the revised ITR under Section 139(5) if…
Income Tax Refund Delay AY 2023-24: Several taxpayers complain of not receiving refunds.
Income Tax exemption on life insurance maturity, bonus: Finance Act 2023 removed tax exemption on any sum received from life…
Income Tax Notice news AY 2023-24: Salaried employees can get a notice for making fake HRA claim.
Income Tax Notice Types for AY 2023-24: If you have filed Income Tax Return for AY 2023-24, you may receive…