The income tax law mandates the filing of return by July 31 for individuals and HUF for the assessment year 2018-19.…
As the due date for filing income tax return is only a few days away, it’s time to get one’s…
With effect from the current financial year, the total annual rent paid/ credited to the landlord during the year would…
The interest income earned requires disclosure in the IT return. Interest is earned on the savings account, fixed deposits, bonds…
The Income Tax Department is set to crack down on TDS defaults by government and private sector entities, especially e-retail…
With the due date for filing income tax return for the financial year 2017-18 approaching fast, taxpayers across the country…
In 2010, the Indian government declared July 24 the National Income Tax Day. This is just six days before July…
Salaried employees have traditionally relied upon the details available in Form 16 for filing their income tax returns.
Taxability of income as business income or other income depends upon regularity of transaction, volume of transactions and time and…
To make sure that you calculate your tax outgo correctly and declare all information as required, you must have all…
Life insurance premiums, Health insurance premiums and bank deposits can be used to the maximum to optimize the tax liability.…
You won’t only have to pay tax on unexplained and unaccounted income and investments at substantially higher rates, but you…
The income tax department issues different Income Tax Return forms (ITR) every year for varied categories of the taxpayers depending…
Gold is one of the precious chemical elements for the mankind. It was first discovered in the form of shining…
TDS filing: The Income Tax department has notified that the last date for filing the Tax Deducted at Source (TDS)…
The Income Tax Act allows deductions under various sections to plan your tax-incidence. As individuals, the awareness of these deductions…
Under the Income Tax Act, 1961, income earned during the year must be classified under appropriate heads for the purposes…
A fine of Rs 5000 will be levied if you file ITR after July 31st and till December 31st. A…