Income Tax Articles

Details to be filled in new ITR 1 Sahaj

Posted by CA Neha Agrawal 29 July 2020 38062 Views

New ITR form- ITR 1 Sahaj The new ITR form for the AY 2017-18 has been introduced. It is simpler than the previous version and has fewer columns to be filled.

New Pension Scheme (NPS): Your Guide to Retirement Planning

Posted by Anirban Sinha

29 July 2020 5374 Views

Discover the New Pension Scheme (NPS) for secure retirement. Learn about investment options, tax benefits, and withdrawal rules. Plan your future today!

PAN without Aadhaar is invalid PAN

Posted by CA Sachin D Jain 28 July 2020 35490 Views

If you do not have Aadhaar Linked to PAN, PAN will be deemed to be invalid. Hence, from 1st July, 2017, PAN will go along with Aadhaar in order to be valid.

Reset Income Tax E-filing Password: Step-by-Step Guide

Posted by Soumya Laha 28 July 2020 9373 Views

Can't reset your income tax e-filing password? Discover solutions if you've lost access to registered mobile or email. Learn how to regain access.

House Rent Allowance: Save Tax on Rent Payments

Posted by CA Rahul Mittal 27 July 2020 3865 Views

Learn how to claim House Rent Allowance (HRA) deductions under Section 10(13A) of the Income Tax Act. Maximise your tax savings on rented accommodation.

Deduction u/s 24(b), HRA exemption & interest capitalisation

Posted by CA Paras Dawar 27 July 2020 53820 Views

Assessee claim deduction of Interest on Housing Loan to acquire house property u/s 24(b) and simultaneously HRA exemption on rent paid (if he resides in property other than acquired). Further upon sale of said property, interest already claimed as de

House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA)

Posted by Sensys Technologies 27 July 2020 58274 Views

House Rent Allowance (H.R.A.) results in tax savings because accounting under Income tax act is direct exemption based. However, accounting of Rent Free accommodation is valuation based taxation and added to total income of employee presumptive basis

Can we claim HRA deduction u/s 10(13A) and Interest on housing loan u/s 24(b) simultaneously if both are in the same city?

Posted by Shudhanshu Agrawal 27 July 2020 65878 Views

I have seen that we are finding difficulties in application of Sections of Income Tax Act, 1961. The reason behind it is lack of conceptual knowledge. To solve this problem I have decided to write articles for you all on different to

HRA a tool of tax planning: Queries

Posted by CA Chandra Kishore Bajpai 27 July 2020 35463 Views

Few days back ( on 13th Nov 2013)I posted an article on exemption from house Rent allowance House Rent Allowance-A tool of Tax planning for employees Really I feel very happy to see the responses to the article and good to know that pe

House Rent Allowance- Section 10(13A)

Posted by Member (Account Deleted) 27 July 2020 65610 Views

House Rent Allowance is an allowance given by an employer to an employee. The sole purpose of this is to meet the cost of renting a home. Here, we hope to clear the doubts you may have about HRA. Do note, when we refer to salary in this article, it