It is important to correctly report any income you receive through moonlighting, while filing your income tax return in order to avoid getting pulled up by the tax authorities
AIS for Taxpayer, a mobile application from I-T Department, helps taxpayers by providing comprehensive tax-related information. Read on to learn more.
Managing finance and taxes can be daunting for senior citizens, and as such, Form 15G and Form 15H can help them avoid TDS on certain incomes
The Income Tax Act says if the income is more than the exempted limit, one has to file a return. But what should you do if it is below the exemption limit? Read on.
The due date for SGB 2017-18, Series III was April 16, 2023 but it has been brought forward by a day because tomorrow happens to be a Sunday, which is a non-working day. The price has been fixed at Rs. 6,063 per unit
Companies have set deadlines for their employees to register their choice of the tax regime. Read on to learn about the options and the benefits.
The Mahila Samman Savings Certificate scheme, which is aimed at encouraging more women towards investing, has received a tax deducted at source exemption on interest earnings. Here’s an overview of the scheme and how the...
Tax Deducted at Source (TDS) is collected from the source of income and is applied to specified income categories at different rates.
The change in the Tax Deducted at Source (TDS) threshold applicable to online gaming will come into effect from April 1, 2023, after amendments passed in...
The mobile app will facilitate taxpayers to view their information as available in the Annual Information Statement (AIS)
You can set off the taxable long-term capital gains against a shortfall in your basic exemption limit; In the case of joint buyers of a property, every joint...
The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh...
Form 26AS is your single source for information on all the tax deductions made on your income, which Form 16 may not provide in full, especially if you have...
You need to check your Indian residency status, tax deducted at source (TDS), if any, and Double Taxation Avoidance Agreement (DTAA) to determine the...
After adjusting for refunds, the net direct tax collection so far this fiscal stands at Rs 11.35 lakh crore, which is about 80 per cent of the full-year Budget...
If you have taken a loan from friend or family, or given one to them, and are paying or earning interest on the loaned amount, then you need to comply with the...
The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim the benefit of lower...
The government, from April 1, has brought in a 30 per cent income tax plus surcharge and cess on the transfer of crypto assets, like Bitcoin, Ethereum, Tether...
If spouse is taxpayer, claim for deduction can be made for third child as well. Deduction in respect of interest on home loan can be claimed only when...
There are numerous instances where a proven track record of filing ITR has helped people, such as in scholarship as well as visa applications. Besides, filing...
Here are the TDS compliances you will need to adhere to while buying or selling a house property.
Opting for ESOP in an unlisted company comes with many challenges; hence, one should weigh all the pros and cons before taking an ESOP
In case you make a gift to your spouse, the income is required to be clubbed with your income. Income from NRE PIS account is not tax-free for an NRI
Several banks have increased their fixed deposit rates recently. Senior citizens get an increased rate on such deposits. But does it make sense to invest in...
Senior and super senior citizens get extra tax benefits and deductions, but many are not using them. Know the deductions and benefits that Income Tax Act...
