Old Vs New Tax Regime: If the government hikes the basic exemption limits under the new and old tax regimes to Rs...
Often in the rush of filing income tax returns (ITR) at the last moment, you may forget to claim certain tax deductions despite making...
Taxpayers are entitled to claim a rebate under section 87A of the Income Tax (I-T) Act, 1961, which enables them to pay...
The Income Tax Bar Association said the portal is “not functioning properly” and urged the government to extend the deadline till August...
Bank customers should note that banks are closed on second, and fourth Saturdays of the month including all Sundays, regional and national...
Understanding the reasons why your ITR may be rejected is crucial. Filing your ITR each year can be frustrating, especially with changing...
PAN is essential for linking all financial transactions with the tax department, including tax payments, TDS/TCS credits, returns of income, wealth, and...
If you’re a salaried employee, your employer might require you to fill out a declaration form to claim an HRA exemption. House...
NPS Tax Benefit Section: Sections 80CCD(1) and 80CCD(1B) provide tax deductions for contributions made to specific retirement schemes. NPS Tax Relief Section: Section...
Every taxpayer should before filing his return take into consideration the details mentioned in the AIS and Form 26AS. Response by CA...