Income Tax Articles

Make 2021 Your Best Tax Year: Proactive Planning

Posted by Shrijay Sheth 17 August 2021 3628 Views

Plan your taxes proactively for 2021! Discover strategies for income examination, investment opportunities, and tax-favourable schemes to maximise savings.

When is Salary Taxable? Understand Your Tax Obligations

Posted by Abhishek Raja 12 August 2021 5810 Views

Discover when your salary is considered taxable income in the UK. Learn about due basis, payment basis, and common scenarios like advance salary and commissions.

First-Time Homebuyer Tax Deduction: Save Up To £3.5L

Posted by Hardik Lashkari 12 August 2021 3535 Views

First-time homebuyers can claim up to £3.5L in income tax deductions on home loan interest. Discover eligibility and benefits under Section 80EEA.

End Retrospective Tax: Taxation Laws (Amendment) Bill 2021

Posted by Poojitha Raam Vinay 12 August 2021 7946 Views

Learn how the Taxation Laws (Amendment) Bill 2021 ends retrospective tax, bringing relief to foreign investors and settling disputes like Vodafone and Cairn.

ITR Late Fees: Portal Charging Despite Extension?

Posted by CS Lalit Rajput 12 August 2021 6321 Views

Confused about ITR late fees? Many taxpayers report being charged despite the September 30th extension. Find out why and what to do.

Section 37: Business Deductions Under Income Tax Act

Posted by Ritik Chopra 11 August 2021 27393 Views

Understand Section 37 of the Income Tax Act for business expense deductions. Learn what qualifies and how to claim allowances for your business.

New CBDT Rules for Specified Funds & Non-Residents

Posted by CS Tanveer Singh Saluja 11 August 2021 7479 Views

Discover new CBDT rules and forms (21AI, 21AJ, 10IG, 10IH) for specified funds and non-resident unit holders. Learn about exempt income and concessional taxation.

Union Budget 2021: Key Taxation Changes Explained

Posted by Kowsalya 11 August 2021 11835 Views

Discover the latest Union Budget 2021 taxation highlights. Learn about income tax, GST changes, and how they affect you. Read now!

Income Tax Refund Failed? How to Reissue Your Payment

Posted by Soumya Laha 11 August 2021 13192 Views

ITR processed but refund failed? Learn the 2 simple steps to reissue your income tax refund, including pre-validating your bank account and submitting a request.