Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDSTDS on rent: According to a Income Tax Department brochure, Form 16C is a TDS certificate issued by a tenant to a landlord for rent payment...
12 Apr, 2025, 11.18 AM IST
Delhi govt old-age pension to benefit 80,000 more people: How much pension you will get, how to apply on edistrict.delhigovt.nic.inDelhi govt old age pension: Arvind Kejriwal, chief of Aam Aadmi Party (AAP) has announced that Delhi government will now accept 80,000 more...
27 Nov, 2024, 02.17 PM IST
Claiming HRA tax exemption? This is what your rent agreement should includeRent agreement for HRA tax exemption: Employers must collect supporting documents, such as rent receipts, in order to provide the HRA deduc...
01 Apr, 2024, 04.33 PM IST
What is AIS? Income tax department answers all your queries about Annual Information StatementThe Annual Information Statement (AIS) is a tool the tax department uses to let people know what information it holds on them.
16 Jun, 2023, 06.11 PM IST
Crackdown on tax violations: 10,000 fraud GST registrations turn up in first week of driveIn many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of...
25 May, 2023, 06.18 AM IST
How to avoid higher TDS on salaryThe tax on salary is deducted under section 192 of the Income-tax Act, 1961. It is important for an employee to submit certain documents to...
15 Mar, 2023, 02.50 PM IST
Budget 2023: Income tax changes that professionals, small businesses wantThe government has amended various provisions of the Income-tax Act to make it business-friendly for smal businesses and professionals. How...
25 Jan, 2023, 10.34 AM IST
Want rent receipt as investment proof to give to employer? Here is helpIf a tenant has paid the rent for a year, the House Rent Allowance (HRA) related proof is one of the documents that must be submitted.
16 Jan, 2023, 12.07 PM IST
How to file ITR 1 with salary, home loan and other income for FY 2018-19In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
19 Jul, 2019, 12.31 PM IST
Submission of investment proofs: What should individuals do from a tax perspective?TDS is computed on the estimated annual salary at the beginning of the fiscal year and accordingly withheld on a monthly basis.
22 Jan, 2016, 04.08 PM IST
How Sandeep Sabharwal built a Rs 1,100 crore commodity management firmSandeep Sabharwal started SLCM with the aim of reducing foodgrain losses. Now, it has 507 warehouses and offering agri-finance products and...
12 May, 2014, 09.23 AM IST
I-T dept may make d-o-b proof mandatory for PAN cardAs part of its drive against fake PAN, the Income Tax department is considering making proof of date-of-birth mandatory for issuance of PAN...
04 Jul, 2013, 04.56 PM IST
- Budget 2012 India: Key direct & indirect tax proposals impacting oil & gas companies
The Union Finance Minister presented the Union Budget 2012 on 16 March 2012. This Alert summarizes key direct and indirect tax proposals im...
19 Mar, 2012, 06.39 PM IST
Budget got tax incentives wrongBudget opened up low-cost finance for infrastructure financial intermediaries by increasing foreign exchange fund-raising limit by Rs 90K c...
12 Mar, 2011, 04.33 AM IST
- Things to remember while availing tax breaks
AS the current financial year draws towards a close, ie, March 31, 2010, it is time to ensure that the necessary exemptions and deductions ...
24 Dec, 2009, 03.19 AM IST
- File your tax returns in 3 easy steps
Filing I-T returns a hurdle? Here are some easy steps on how you can do it. IT return: Must-do things | Common mistakes | More tips | Smart...
27 Jul, 2009, 01.32 PM IST
- Investment declaration: Here’s a checklist
The most important document in an investment declaration is the investment proof. For home loans, it is the provisional repayment statement.
17 Dec, 2008, 02.46 AM IST