All posts tagged "Income Tax Act"
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24ITRPost Office Monthly Income Scheme (POMIS): Important Tax Rules for Investors
The Post Office Monthly Income Scheme (POMIS) is a reliable government-backed investment option offering fixed monthly income. However, it’s crucial to understand...
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33ITRIncome tax rules: How much cash can you receive in one day to avoid an I-T notice?
The income tax department carefully monitors high-value cash transactions, so taxpayers should exercise caution when engaging in them. Section 269ST of the...
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42ITR₹5,000 late fee: Your last chance to file belated income tax returns before December 31
Filing your ITR before the December 31 deadline is critical to avoid additional penalties and ensure compliance. Act now to avoid escalating...
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51ITRDirect Tax Code 2025: Individuals earning up to Rs 15 lakh to be benefitted once new tax laws in place, feel experts
The Centre is expected to unveil the Direct Tax Code 2025, the simplified version of the income tax laws, in the upcoming Union Budget...
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21FINANCESSY Transfer Rules: How To Move Your Sukanya Account From Post Office To Bank
The Sukanya Samriddhi Yojana ( SSY ) is a highly favored savings scheme aimed at securing the future of daughters. Launched under...
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48MUST KNOWPAN 2.0: Rs 10,000 penalty for duplicate PAN card, how and why to check there is no duplicate PAN in your name
The government has announced the PAN 2.0 project. PAN Card 2.0 will be rolled out free of cost to all taxpayers. In...
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38ITR
Tax benefits on personal loans: How to save money legally
Personal loans are a convenient way to meet financial needs such as home renovations, medical emergencies, or even big-ticket purchases. However, many...
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66FINANCEGovt savings scheme for girl child: Turn Rs 12.5k monthly SIP to Rs 69 lakh on maturity – Calculation Decoded
If you have a daughter and are stressing a lot about her future, then here’s a government backed investment scheme that might...
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27FINANCETop 5 Reasons To Start Your Fixed Deposits Early
Investments are integral to wealth building and are significantly influenced by time. The longer you remain invested, the better or higher the...
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40FINANCEWill my parents be taxed on the interest charged if they lend me money for a home loan?
Note that if this interest income pushes their total income into a higher tax bracket, the higher rate would apply to the...
