PF withdrawal for house purchase Salaried people, who are in the middle of arranging funds for their future home purchase have an additional avenue to fund their plan. They can withdraw from the balance … READ FULL STORY
Banks are mandated to deduct TDS on the interest income of a customer under Section 194A of the Income-Tax Act, even if an individual’s income does not fall under the taxable limit. However, the … READ FULL STORY
Laws governing property ownership by non-residents in India are not only different from the laws governing residents, they are also quite complicated. Even though there is a wide range of assets that NRIs can own … READ FULL STORY
Those who have deducted tax at source (TDS) need to stick to the TDS return due date in case of TDS return filing. Until the TDS return is filed, Form 26AS will not be … READ FULL STORY
The profit earned through the sale of property, attracts tax under the Indian Income Tax Act. However, the owner can significantly lower his outstanding tax liability on the proceeds earned by using indexation. An … READ FULL STORY
Anyone deducting tax on behalf of the Income-Tax Department in India must have a TAN that they need to quote, at the time of submitting this tax. This guide will explain everything a taxpayer … READ FULL STORY
To file taxes in India, taxpayers must have a clear understanding of the difference between a financial year and an assessment year. This guide will help you learn that. What is a financial … READ FULL STORY
The Kanpur Municipal Corporation consists of 110 wards that occupy a total area of 403 km square, making it the second-largest city in Uttar Pradesh. The Kanpur Municipal Corporation, also known as the Kanpur … READ FULL STORY
A person is taxed on the income earned by him. This income may be active income, in the form of salaries or income from business. It may also be passive income, like capital gains … READ FULL STORY
Since house rent allowance or HRA is almost always an integral part of a company’s salary structure, knowing the nitty-gritty of HRA calculation and HRA exemption is crucial for tax savings purposes. How so? … READ FULL STORY
Under the I-T laws, taxpayers in India need to adhere to the ITR filing last date to avoid monetary penalty and penal actions. This guide will help taxpayers understand why filing their ITRs before … READ FULL STORY
The Indian cement sector comes second in the cement industries of the world and accounts for 7% of the global installed capacity. It is also the fourth-largest contributor of the revenue to the government … READ FULL STORY
What is an ITR? ITR or income tax return is a form, which all taxpayers in India need to fill and submit to the Income Tax (I-T) Department, to report their income and deductible … READ FULL STORY
