PFRDA data showed that there has been a sharp rise in subscribers from 2.11 crore in FY18 to 6.33 crore in FY23 and a 400% rise in AUM in the same tim
The new tax regime does away with many popular deductions like premium paid for health insurance, contributions to PPF, house rent allowance and more
In your ITR, if you file your moonlighting monies under the head “Income from business and profession”, you are marking it as fees for the profess
You can open FD account in both government and private banks, while time deposit is completely a government scheme and the account can be opened only
The capital gain is taxed in two ways on the profits made from selling the house. If the house is sold after keeping it for two years or more, then it
Section 80C of the Income Tax Act, 1961 allows for a deduction for stamp duty and registration fees paid when purchasing property
The Form 26AS is extremely important because it establishes the amount of tax deducted and collected at the source on taxpayer's behalf
An Indian taxpayer is allowed to claim the credit for the amount of any foreign tax paid by him/her in a country or specified territory outside India
Some taxpayers complained that interest and late fee was charged while filing income tax return (ITR) after July 31, 2021
Income earned by displaying manual or intellectual skills comes within the purview of income from a profession as per prevalent laws