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Explained: Tax benefits of a term insurance plan
The additional health related riders accompanied with term insurance plan allows tax-saving benefits up to Rs. 25,000
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SBI customers can file ITR for free from their homes
Filing income tax returns (ITR) is always a complicated and daunting task for the common man. Almost everybody takes the help of a professional to fil
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Tax compliance points self-employed citizens should know
Income of a self-employed individual can be calculated on presumptive basis under section 44ADA of IT Act.
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Seven tax-free income sources you need to know about
In India, there are a number of different ways to earn money that isn't subject to taxes
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Seven points to remember while filing ITR
Make a list of all the investments, insurance premiums and loan EMIs you have paid between April 1, 2020 and March 31, 2021 before you start filing.
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Tax deductions of NPS: Know the details
NPS: Contributions made by an individual taxpayer towards the NPS Tier-I account are eligible for tax benefit under section 80CCD (1).
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Tax planning that benefits taxpayers not illegal, rules ITAT
ITAT held that long-term capital loss (LTCL) from one asset class may be set off against gains from another asset class.
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Net direct tax mop-up jumps 74% to Rs 5.70 lakh crore
The gross collection of direct taxes, before factoring in the refunds, for the FY 2021-22 stood at Rs 6,45,679 crore
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I-T portal: Infosys working with I-T department to streamline user experience
The company has been engaging with the Chartered Accountant community to resolve the portal issues.
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What are tax exemptions for startups in India?
The Income Tax Act has been amended to include a new section 54 EE that allows tax exemption for qualifying startups
