-
What is HUF and how it saves tax?
To show the existence an HUF entity, the Karta has to make an HUF deed. There will also have to be a separate PAN and bank account for HUF.
-
Why ELSS should be part of your portfolio
Compared to other tax-saving products like PPF , tax-saving FD and NSC with a 5-year lock-in, ELSS stands out due to its relatively lower lock-in peri
-
Chance to file ITR even after July 31, but with fine
If a person is not able to file income tax return by the prescribed deadline, then he can file belated return under section 139(4) up to three months
-
Covid, job loss reflects in IT payers nos
There has been a sharp decline in the number of taxpayers in the country from FY 2020
-
How to check your refund status?
You can check this (ITR Refund Status 2023) by visiting the website of NSDL or on the e-filing portal of the Income Tax Department
-
HRA Relief Without Landlord's PAN?
All you want to know about in what circumstances you can file HRA claim and in what circumstanes you can't
-
Never make this mistake in a property deal
The property buyer will have to deposit one percent of the total price in the Income Tax Department. For this Form-26QB has to be filled. This amount
-
Govertment notifies FY24 Cost Inflation Index
Taxpayers can use the Cost Inflation Index to calculate how much tax they need to pay on sale of immovable assets after adjusting for inflation.
-
ITR numbers yet to reach the pre-pandemic level
When compared to pre-Covid times the income tax returns filed have not reached half of that number
-
The best time to act to save your tax is ‘Now’!
With under four months to the end of the financial year, many of you would be waiting for your employer to send a reminder to share your provisional r
