Income Tax Articles
Corpus meaning | Definition of Corpus Fund
Corpus meaning: Corpus Fund The term corpus is often confused and misunderstood. The literal meaning of the term corpus is the main part/organ of a body.
Benefits of filing Income tax return (ITR) on time
Listing some of the benefits of filing an Income tax return on time
A Comprehensive Guide to Claiming HRA Tax Exemption: Essential Aspects of Your Rent Agreement
Salaried individuals can avail tax exemption on house rent allowance (HRA) if they live in a rented house, pay rent, and possess the necessary valid documents. However, many people are unaware that their rent agreements should include specific clauses to ensure that their HRA tax exemption, claimed during income tax return (ITR) filing, is not rejected by the income tax department.
Incomes which are now reported in AIS for Individuals
The Income Tax Department has announced the roll-out of a statement namely Annual Information Statement (AIS) which would provide you with almost all details about your financial transactions during the year.
Can Taxing Agricultural Income Benefit Farmers in India?
Introducing a slab-based taxation system for agricultural income could be a feasible approach. By doing so, the burden of taxation can be adjusted according to the income levels of the farmers.
Taxation and Digital Economy
The rapid growth of the digital economy has transformed the way we live, work, and interact with each other. From online shopping and streaming services to social media and remote work, digital platforms have become an integral part of our daily lives.
Section 194Q and 206C(1H) - Lets resolve the confusion
Primarily both the sections seem similar. However, whenever Section 194Q becomes applicable, Section 206C(1H) will not be applicable. Section 194Q is a priority section over Section 206C(1H).
An Overview On: e-Appeals Scheme 2023
The Income Tax department has introduced the e-Appeals Scheme, a significant development aimed at streamlining the process of filing and processing appeals through electronic means.
Annuities and Taxes: How Annuities are Taxed and Tax Strategies for Annuity Holders
30 May 2023
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In this article, we'll dive into the details surrounding taxation strategies for annuity holders and explain why understanding these strategies is essential when investing in an annuity. We'll also discuss how different types of annuities can impact your taxes and what you need to know about filing taxes on your investments when using them for retirement planning purposes.
TDS on ESOP prerequisite by eligible startups
Income-tax Act, 1961 permitting deferral of the timing of TDS deduction on ESOP prerequisite from the employees.
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