Income Tax Articles
How do Freelancers Save Tax in India
Freelance income includes earnings that you generate from completing freelancing tasks. Freelancing is a form of self-employment as you are not hired by the company or placed on its payroll.
Capital Gain Exemption Under Section 54 of Income Tax Act, 1961
As per section 54, an individual or HUF selling a residential house property can avail tax exemption under the said section for capital gain, provided the capital gains are invested in purchase or construction of Residential House Property.
ITR Filing Due Date FY 2023-24 (AY 2024-25)
For FY 2022-23 (AY 2023-24), the original ITR filing deadline was July 31, 2023, with no late fee. If missed, you can file a belated return by December 31, 2023, but with a late fee and interest.
All about Angel Taxation in India
Angel Tax which is governed by Section 56(2)(viib), was introduced in the Income Tax Act from the Assessment Year 2013-14 via finance bill, 2012 as a step to take up the circulation of unaccounted money in the name of share premiums which were received by private companies or closely held companies.
Statutory Tax Compliance Tracker: May 2024
Tax Compliance Tracker for the month of May, 2024
CBDT releases guidelines for compulsory selection of ITR for mandatory scrutiny during FY 2024-25
The Central Board Direct Taxes(CBDT) has released some guidelines relating to compulsory selection of Income tax returns for 100% Scrutiny during the financial year 2024-2025.
ITR login: Step-by-Step Guide For Login and Registration
Here's a summary of the steps to register for an account on the income tax e-filing portal
Choose Insurance Wisely for Long Term Security!!
Just as electing the right candidate is important for the growth and security of the nation, choosing the right insurance policy is also equally tough and important job. What are your view on this?
NRI Income Tax Filing in India: A Comprehensive Guide
Our goal in this guide is to simplify the process, providing a detailed overview to ensure NRIs understand their obligations and rights under Indian tax laws.
State-wise Professional Tax Payment Deadlines in India: A Comprehensive Guide
This guide provides an overview of the due dates for professional tax payments in different Indian states. But first, let's understand what professional tax is....
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