Know all Income Tax Benefit for Person with Disability
Know all Income Tax Benefit for Person with Disability As per recent estimate there are more than 2.62 crore people in India who are differently able. The challenges and hardship…
How to Pay Zero Tax on an Income of ₹12 Lakhs in FY 2024-25
How to Pay Zero Tax on an Income of ₹12 Lakhs in FY 2024-25 Introduction Tax planning is not just about saving money; it’s about securing your financial future while…
Understanding Section 194T: TDS on Payments Made by Partnership Firms to Partners
Understanding Section 194T: TDS on Payments Made by Partnership Firms to Partners Section 194T, introduced in the Budget 2024, brings a significant change to the taxation of payments made by…
Common Income Tax Mistakes to Avoid While Filing Returns
Common Income Tax Mistakes to Avoid While Filing Returns Filing income tax returns (ITR) can seem complicated, but it's an important responsibility for all taxpayers. Unfortunately, many people make common…
Income Tax Deadline Alert: Only One Week Left for These Taxpayers to File ITR for AY 2024-25
Income Tax Deadline Alert: Only One Week Left for These Taxpayers to File ITR for AY 2024-25 Taxpayers who are required to get their accounts audited have a critical deadline…
No Tax Exemption for Religious Vows: Supreme Court Enforces TDS on Salaries for Priests and Nuns
No Tax Exemption for Religious Vows: Supreme Court Enforces TDS on Salaries for Priests and Nuns The Supreme Court of India’s recent ruling on whether priests and nuns working in…
Beware of Unprofessional ITR Filing: Income Tax Department Initiates Action on Fraudulent Refund Claims
Beware of Unprofessional ITR Filing: Income Tax Department Initiates Action on Fraudulent Refund Claims In recent years, an alarming trend has emerged among taxpayers, with many individuals choosing non-professionals to…
Understand the Hindu Undivided Family Structure and know it’s Financial Benifits
Understand the Hindu Undivided Family Structure and know it's Financial Benifits The concept of a Hindu Undivided Family (HUF) provides a unique structure in India for Hindu, Jain, Sikh, and…
Tax benefit for Person with Disabilities and Family members
Tax benefit for Person with Disabilities and Family members Introduction The Indian Income Tax Act includes provisions designed to support individuals with disabilities and their families. Two of the most…
Over 9.54 Lakh Crorepati Taxpayers File Income Tax Returns by October 31: A Surge in High-Income Filers
Over 9.54 Lakh Crorepati Taxpayers File Income Tax Returns by October 31: A Surge in High-Income Filers The latest income tax data released by the Income Tax Department in India…