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ITR Filing for the First Time: What New Taxpayers Need to Know

May 28
10 min

ITR Filing for the First Time: What New Taxpayers Need to Know

Each year, taxpayers are required to file the relevant Income Tax Return (ITR) and furnish the Income Tax Department with details...

Can I Pay Rent to My Parents to Save Tax?

Dipali Waghmode

May 24
12 min

Income Tax Department

Can I Pay Rent to My Parents to Save Tax?

Many of us are unaware that the house rent we pay can substantially decrease our taxable income by way of house rent allowance. But does...

How to Save Tax for Salary above 20 Lakhs

Nimisha Panda

May 23
13 min

Income Tax Department

How to Save Tax for Salary above 20 Lakhs

Is your salary income more than INR 20 lakhs? Do you feel the pinch of higher tax rates? With strategic planning and smart financial...

Tax Implications for Professional Income above 50 Lakhs

Simran Sahni

May 23
6 min

Income Tax Department

Tax Implications for Professional Income above 50 Lakhs

Tax compliance is challenging for professionals whose annual income is above INR 50 lakhs. Since once the income crosses this significant...

Agricultural Income in Income Tax: How is it Treated

Dipali Waghmode

May 22
8 min

Income Tax Department

Agricultural Income in Income Tax: How is it Treated

In India, one of the main sources of income is agriculture and its related industries. According to data gathered by the Food and...

ITR 4: Applicability and How to File for F.Y. 2023-2024 (A.Y. 2024-2025)

Dipali Waghmode

May 21
12 min

Income Tax Department

ITR 4: Applicability and How to File for F.Y. 2023-2024 (A.Y. 2024-2025)

Out of the many available ITR forms, ITR 4 serves as a principal document if one chooses the presumptive taxation scheme. Through this...

Section 115BA of the Income Tax Act- A Comprehensive Overview

Indrajeet Sharma

May 15
7 min

Income Tax Department

Section 115BA of the Income Tax Act- A Comprehensive Overview

In the Union Budget of 2016, Section 115BA of the Income Tax Act was introduced to offer a tax structure with concessions to newly...

Section 11 of the Income Tax Act: A Detailed Overview of the Exemption

Asharam Swain

May 15
7 min

Income Tax Department

Section 11 of the Income Tax Act: A Detailed Overview of the Exemption

If the activity is incidental to achieving the goals established by the trust or institution and separate books of account are kept by...

ITR Filing Last Date for FY 2023-24 (AY 2024-25)

Rajesh Kumar Kar

May 10
6 min

Income Tax Department

ITR Filing Last Date for FY 2023-24 (AY 2024-25)

The ITR filing last date for FY 2023-24 (AY 2024-25) is a crucial deadline for taxpayers to remember. It marks the final date for...

Section 35 of the Income Tax Act: Deduction for Expenditure on Scientific Research

Nimisha Panda

May 10
7 min

Income Tax Department

Section 35 of the Income Tax Act: Deduction for Expenditure on Scientific Research

Curiosity, inventiveness, and teamwork are the driving forces behind scientific study. It seeks to deepen our comprehension of how and...

One stop for everything related to taxes, Our Blogs

The latest industry news, interviews, and resources

One stop for everything related to taxes,
Our Blogs