Income Tax Articles

Non resident Taxation Payment to Sportsman

Venkat Raj 16 June 2023 at 08:54

This section even describes that while making payment to non-resident tax has to be deducted at rates under the Act or DTAA whichever is beneficial.

Unlocking Financial Success: Choosing the Right Professional for Your Personal Tax Return Filing in India

CA Raj Doshi 14 June 2023 at 09:11

When it comes to managing our finances, it's crucial to ensure that our personal tax returns are filed accurately and efficiently. The process of tax return filing in India can be complex and time-consuming, often leaving individuals feeling overwhelmed and confused.

Tax Benefits on Rent Paid: Relief for Non-Salaried Individuals

Rashmi 14 June 2023 at 09:11

When it comes to tax deductions for individuals living in rented accommodation, there is good news for both salaried and non-salaried individuals. While salaried taxpayers can claim House Rent Allowance (HRA) exemption, non-salaried individuals also have a provision that provides tax relief. Let's explore the details of this provision and the conditions to be fulfilled.

Crucial Form 16 Checks: Your Roadmap to Accurate Income Tax Return Filing

Rashmi 13 June 2023 at 13:55

Form 16 is a crucial document for salaried individuals filing their Income Tax Returns. It provides information about tax deducted at source (TDS) by the employer and a summary of the salary paid.

Ways to Avoid TCS on Foreign Tour Packages: A Guide for Indian Travelers

Rashmi 10 June 2023 at 08:54

This article aims to provide a comprehensive guide on how to potentially avoid the TCS and save on travel expenses when booking foreign tours.

Debt - The cheapest finance or a trap?

Mukul Agrawal 09 June 2023 at 09:57

Let's cater to some of the basic (non-technical) fundamentals that may lead to a first stage for avoiding debt traps.

Applicability of ITR forms for individuals, HUF & firms on the basis of certain factors

Geetanjali Pandey 08 June 2023 at 09:54

Applicability of ITR forms for individual, HUF & firms on the basis of certain factors

Understanding Impact of New TCS Rule on Educational Expenses for Students Studying Abroad

Rashmi 08 June 2023 at 09:10

In this article, we will delve into the details of how the new TCS rule will impact students who are currently studying in foreign universities or schools, as well as those who are planning to study abroad soon.

Benefits of filing Income tax return (ITR) on time

Divyanshu Sharma 07 June 2023 at 15:54

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

Rashmi 07 June 2023 at 08:56

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.