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July 01, 2022, Friday
Form and fit: Documents you must keep handy to file income tax returns
Interest certificates, expenditure proof, Form 16: there are among several papers that you must refer to you file you tax returns
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June 28, 2022, Tuesday
Buyer to deduct TDS on peer-to-peer VDA transactions, clarifies CBDT
The TDS provisions on VDA or cryptocurrencies, announced in the 2022-23 Budget, will be effective from July 1
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June 23, 2022, Thursday
ITR 2022-23: How to fill your income tax return for this assessment year?
Here is a quick step-by-step guide on how to file your income tax return (ITR) for the assessment year 2022-23
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June 21, 2022, Tuesday
Claim deduction either under Section 80 TTA or 80 TTB, but not both
Exemption under Section 10(15)(i) can be availed in conjunction with 80 TTA or 80 TTB
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June 10, 2022, Friday
Get a fix on key changes in the new Income Tax Return Forms for AY 2022-23
The forms are quite elaborate and seek a lot of information, so get the documentation and paperwork ready, and make complete ...
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May 05, 2022, Thursday
Collect Form 10BE before May 31 for availing tax deduction under Sec 80G
Check the information therein carefully and get any error corrected before this deadline
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April 19, 2022, Tuesday
Seniors need to submit Forms 12BBA, 15G, 15H to save on TDS: Experts
As we enter FY23, remember April is a good time to look into your tax planning for the year ahead
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April 08, 2022, Friday
Sale of three-year-old parking space will be treated as LTCG: Analysts
According to another expert, whether parking space can be sold depends on the nature of the space concerned. It must conform to ...
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March 18, 2022, Friday
How to respond to a notice for reassessment of income u/s 148A of I-T Act
Check the Relied Upon Documents, or RUDs, on the basis of which the assessing officer has started the reassessment proceedings
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March 02, 2022, Wednesday
Income tax refunds of over Rs 1.83 trn issued so far this fiscal: I-T Dept
"CBDT issues refunds of over Rs 1,83,579 crore to more than 2.09 crore taxpayers from 1st Apr, 2021 to 28th Feb, 2022," the I-T ...
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February 17, 2022, Thursday
Still have 80D limit? Avail of deduction on health check-up, say experts
To make use of Section 80DDB deduction, get a specialist's certification
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June 30, 2022, Thursday
Income tax rules: Here are the changes in rules from July 1, 2022
While the late fees for linking PAN-Aadhaar will shoot up, doctors and influencers will have to pay 10% TDS on the benefits they ...
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June 27, 2022, Monday
Missed declaring rental to employer? Claim HRA exemption while filing ITR
Keep rent receipts that serve as proof handy should taxmen come calling
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June 22, 2022, Wednesday
Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ
In case the credit/payment between exchange and the seller is through a broker (and the broker is not seller), there has to be a ...
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June 16, 2022, Thursday
Compare Form 16 with 26AS before filing income-tax return: Experts
Report any discrepancy between the two documents to the employer immediately and get it rectified
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May 31, 2022, Tuesday
Use Section 89 (1) to reduce tax burden arising from arrears: Experts
To avail of this relief, you must file Form 10E before submitting income-tax return
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April 29, 2022, Friday
You can claim exemption on cost of making new house habitable: Experts
Only substantial structural changes eligible under Sec 54 of I-T Act
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April 12, 2022, Tuesday
TDS will not apply to EPF balance till FY21: Here's what experts suggest
If EPF account is linked to PAN, 10% TDS rate will apply, else 20%
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April 02, 2022, Saturday
New ITR forms need income disclosure from foreign retirement a/cs
Experts said there aren't too many changes in the forms this year. "The forms have been largely kept unchanged," said Rohit ...
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March 16, 2022, Wednesday
Are you paying rent to wife or parent? You can claim HRA exemption on it
Exemption can also be claimed on rent paid despite owning a house, provided a few conditions are met
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February 24, 2022, Thursday
I-T refunds worth Rs 1.83 trn issued to 20.7 mn taxpayers so far in FY22
This includes personal income tax refunds of Rs 65,498 crore to over 2.04 crore assessees and corporate tax refunds of Rs 1.17 ...
