Tips about saving income tax and filing income tax returns on-time
Old Vs New Income Tax Slabs for FY2020-21 Review Budget announcement done couple of days back has created some confusion to income tax payers between the old regime and new regimes tax slabs. Some experts say this is beneficial only to some taxpayers. Some say this is creating some more confusion in the computation of income tax. In this article, […]
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Ways to Save Income Tax in 2019-2020 in India You might be earning either through salary or business. While your income increases, your income tax too increases. If you are smart, you can work towards reducing income tax instead of avoiding it. If you are looking various ways to save income tax in 2019-2020 in India, this article is for […]
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Gift Tax Rules and Exemptions in India for 2019-2020 Exchange of gifts as a token of love and affection is a very common scenario in India. But, very few people know that even gifts come under the circumference of taxes and there are many tax implications to it. While one cannot avoid Gift Tax, we can always understand about Gift […]
» Read more Notice from Income Tax Department – Reasons and How to avoid it? Once income tax returns are filed and e-verified, one would think their job is over. There are several instances where the Income Tax Department would send notice to you about your income tax return. They might ask for explanation and further scrutiny. Many of us might not be […]
» Read more How to file revised Income Tax Return (ITR) in India? Many individuals are in hurry to file income tax returns (ITR) to close it before deadline. In this process they would have made mistakes (minor or major) in filing the ITR. If you made mistake in filing ITR, you can still revise the income tax returns in India before certain […]
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