With the evolving technology and Digital India Movement, the income tax department has shifted its analog tax payment system to digital. Through the e payment system, individuals can pay their taxes online using savings … READ FULL STORY
Advance tax payment is a monetary liability that individuals and companies in India, that earn a specific type of income, must fulfil. This guide explains advance tax and related aspects. We also discuss the … READ FULL STORY
ITR full form ITR is the acronym for Income Tax Return. Who should file an ITR? Filing an ITR is necessary in case of any of the following conditions: 1. If gross income … READ FULL STORY
What is income tax? Income tax is a direct tax that the government levies on the income of people and businesses during a financial year. Under the provisions of the Income Tax Act, 1961, … READ FULL STORY
In addition to your basic KYC documents (like your proof of address and identity) and property documents (like chain of documents and title deeds of the land), the home loan lender asks you to … 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
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
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
To calculate the income tax, there is no need to visit a chartered accountant. The facility to calculate the income tax has been made available online by the Income Tax Department, through its online … READ FULL STORY
When it comes to the Indian real estate business, there is no ideal predictive model that could assess the sentiments of both, the developers, as well as the buyers. The leading voices of the … READ FULL STORY
To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house … READ FULL STORY
As housing societies are not apparently engaged in any income earning activities, there is a perception that they are not required to comply with any income tax provisions. This impression is heightened by the … READ FULL STORY
There is considerable confusion over the taxes applicable on the sale of an inherited property. While many think that the money received on sale of an inherited house is fully tax exempt, others feel … READ FULL STORY
