
There are multiple ways for you to save taxes in India. However, the perfect tax planning is made when an…
The last date for filing of ITR for the financial year 2018-19 has been extended to June 30, 2020 from…
Once tax liability is calculated, you may claim a deduction of TDS/ taxes paid on such rental income, to arrive…
Unless extended, the last date for filling the ITR, for those who have not yet filed or those who intend…
The Finance Minister Nirmala Sitharaman in a press conference has announced that the last date for filing tax returns has…
Most people are aware of claiming tax deduction of Rs 1.5 lakh under Section 80C of the Income Tax Act,…
As only a few days are left for the current financial year to end, it’s worthwhile to ask: have you…
HUF is taxable as separate person; hence one can save tax under basic exemption of Rs 2.5 lakh
Section 80C of the Income Tax Act provides a deduction of up to Rs 150,000 in the aggregate for specified…
Alternate Minimum Tax (AMT) vs New Income Tax Regime: Effective tax rate is higher under the new regime in comparison…
Currently, in order to speed up the processing , the tax refunds up to Rs 5,000 are being issued without…
For someone opting for the New Tax Regime, the Section 80C tax benefit will not be available even on existing…
If you don’t want to pay any penal interest or face any penalty as per the Income Tax Act, then…
How much time it takes for Income Tax Refund in India? Well, it is getting better with every passing year. The…
From linking PAN with Aadhaar to booking LTCG up to Rs 1 lakh on equity investments, there are some financial…
Any special allowance granted to a taxpayer by his employer to meet expenditure actually incurred on payment of rent for…
Income tax Refund 2019-20: The Income Tax department has taken several steps for ensuring faster disposal of Income Tax Refunds
For the correct way of TDS Calculation on Salary, the CBDT has issued a clarification on the method of calculating…