Understanding income tax may feel daunting; however, knowing its various types would help understand the various ways in which your income can be taxed in India. Types of taxes in India India has … READ FULL STORY
Under the income tax laws in India, salary is taxed either on a due basis, or a receipt basis, whichever is earlier. But, on certain payments made in the current year that were due … READ FULL STORY
Filing your income tax return is a methodical process that extends beyond merely determining your annual tax liability and submitting the ITR-V form. This article guides you to download ITR acknowledgement. After diligently calculating … READ FULL STORY
Real estate investments have become lucrative in recent years, igniting renewed interest among buyers and investors. However, would a buyer investing in a second home be able to enjoy the same tax benefits as … READ FULL STORY
Under income tax laws in India, taxpayers have been made liable to deduct tax at source of payments made to Non-Resident Indians (NRIs). Form 27Q acts as the statement of this tax deduction of … READ FULL STORY
Those paying money for professional and technical services have been entrusted with the responsibility to deduct tax at source under income tax laws in India. The provisions made in this regard are explained under … READ FULL STORY
January 23, 2024: The Kolhapur Municipal Corporation (KMC) will be offering a 30-50% waiver on fines that have been imposed on property tax defaulters for current and previous years, mentions a ToI report. Over … READ FULL STORY
Like other Indian cities, property owners in Nashik have the responsibility of paying the Nashik Property Tax on time. This money that is paid to the Nashik Municipal Corporation by homeowners in Nashik, helps … READ FULL STORY
The introduction of Section 234F of the Income Tax Act (ITA) on April 1, 2018, marked a significant shift in the taxation landscape, emphasising the importance of timely tax filing. This section underscores the … READ FULL STORY
In India, individuals and entities earning income above a threshold limit are required to pay income tax based on the applicable rates. Taxpayers look for several ways to save taxes. However, not paying the … READ FULL STORY
A Digital Signature Certificate (DSC) is a digital alternative to traditional signatures and ensures data safety. Moreover, DSC has a key role in income tax filing. For those who incur huge expenses, such as … READ FULL STORY
In the Indian financial landscape, PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are two crucial identification numbers issued by the Income Tax Department. While both are alphanumeric codes, they … READ FULL STORY
Those buying property market in the city have to pay stamp duty and registration charges in Hyderabad. After the stamp duty increase that came into effect from July 2022, stamp duty on property in … READ FULL STORY
