Losses on capital gains and losses on business and profession shall not be carried forward in case of belated ITR filing
Section 80DDB entitles taxpayers to a deduction for medical expenses incurred in treating particular conditions or disorders
The Form 26AS is extremely important because it establishes the amount of tax deducted and collected at the source on taxpayer's behalf
Form 16 is a certificate in which your employer certifies the amount of salary you earned throughout the year and the amount of TDS deducted
The basic exemption limit of income tax is for an income of 2.5 lakh, which means no tax is cut if you are earning up to Rs 2.5 lakh.
The increasing role of private sector after 1991 should have served as a signal to the govt to gradually exit from managing public enterprises
Taxpayers may claim a refund on their income tax if their tax liability is less than the total of their withholding taxes and estimated taxes paid
Money9 hosted Sujit Bangar, founder, Taxbuddy.com, to explain the glitches haunting the new portal and the probable solutions.
ITR filing: Mohnish Wadhwa, Partner, Wadhwa & Shah, says taxpayers are facing problems in updating their profiles to 100% level
Taxpayers can now contribute a quarter-by-quarter breakdown of dividend income that is received in a particular financial year