Income should first be included in your income, and then the 80TTB deduction can be claimed
Along with domestic buyers, there has been a rise in non-resident Indians seeking to buy property in India, providing a further fillip to the market.
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
Money9 Helpline hosted Pankaj Mathpal, founder & managing director of Optima Money Managers, to help viewers understand nitty-gritties of taxation.
When an individual files taxes, he or she may provide fraudulent information in an attempt to reduce or avoid paying.
The new ITR forms need a taxpayer's break-up of interest income received from sources like savings account, fixed deposits, etc.
There is a wide difference between the number of start-ups recognised by the DPIIT and the start-ups granted deduction under section 80-IAC of I-T Act
The rate of tax and the disclosure in ITR varies depending on whether it is business income or capital gains.
The Non-resident Indian (NRI) shall not be liable to be taxed if we consider cryptocurrencies as a foreign asset.
Senior citizens may claim a larger deduction of up to Rs 50,000 for premiums paid on medical insurance policies under Section 80D