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Understanding the Role of Section 194H TDS and Its Effect on Your Tax Filing
Section 194H of the Income Tax Act, 1961 , deals with the deduction of tax at source (TDS) on commission or brokerage payments made by a...
Farheen Mukadam
Jun 2710 min read
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How to Maximize Your Section 80G Tax Deductions for Charitable Donations and Avoid Scrutiny Notices
Section 80G of the Income Tax Act allows taxpayers to claim deductions on donations made to charitable institutions, promoting...
Farheen Mukadam
Jun 279 min read
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Claiming 80C Deductions for Retirement Funds and Avoiding Tax Notices
Section 80C of the Income Tax Act provides a valuable opportunity for taxpayers to reduce their taxable income and, in turn, their...
Farheen Mukadam
Jun 279 min read
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How to Avoid Penalties for Incorrect Reporting of Capital Gains in Your ITR Filing
Filing Income Tax Returns (ITR) accurately and on time is essential to avoid penalties and ensure compliance with tax regulations....
Farheen Mukadam
Jun 2711 min read
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Understanding Section 87A Rebate and How to Maximize It While Filing Your Tax Returns\
Section 87A of the Income Tax Act offers a valuable tax rebate to individuals with taxable income below a certain threshold. For...
Farheen Mukadam
Jun 2710 min read
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How to Report TDS on Rental Income and Avoid Income Tax Notices for Incorrect Filing
Rental income is an essential source of income for many, but it is often overlooked when it comes to tax reporting. The Income Tax...
Farheen Mukadam
Jun 279 min read
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Understanding the Penalties for Underreported Income in ITR and How to Fix Errors with ITR-U
Filing Income Tax Returns (ITR) accurately is crucial for compliance with the tax laws. However, taxpayers sometimes make errors in...
Farheen Mukadam
Jun 2610 min read
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How to Handle Tax Scrutiny Notices Under Section 143(2) for Underreported Business Income
Section 143(2) of the Income Tax Act deals with the scrutiny process of Income Tax Returns (ITRs). The Income Tax Department selects...
Farheen Mukadam
Jun 2610 min read
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Claiming HRA Exemption Under the New Tax Regime for FY 2024-25 and Avoiding Section 143(2) Scrutiny
House Rent Allowance (HRA) exemption is a valuable benefit for salaried individuals who live in rented accommodation. The benefit allows...
Farheen Mukadam
Jun 2611 min read
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How to Report Rental Income and Avoid Scrutiny Notices for Incorrectly Reported Rental Deductions
Reporting rental income in your Income Tax Return (ITR) is crucial for taxpayers who earn income from renting out property. Whether you...
Farheen Mukadam
Jun 269 min read
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