How Sachin Tendulkar, the cricketer, saved Rs 58 lakh income tax by calling himself an actorCricket legend Sachin Tendulkar successfully argued in court that his income from foreign commercials was from acting, not cricket. This al...
13 property-related documents you must check to be safe from legal nightmaresPurchasing a property can lead to legal nightmares if crucial documents are overlooked. Co-owners can face tax notices and municipal liabil...
Even if you made zero capital gains income from sale of property you still need to pay tax in this situation; CA explains whyRecent changes in India's income tax law, specifically the Finance (No. 2) Act, 2024, impact property sale transactions. Even with zero cap...
JioFinance app offers paid tax filing facilityJio Financial Services (JFSL) has introduced a tax planning and filing module on its JioFinance App, developed in collaboration with TaxBud...
Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know whyAn individual faced a Rs 1 lakh penalty for not deducting TDS on monthly house rent of Rs 55,000. According to Section 194-IB, TDS at 2% mu...
Think market income below Rs 12 lakh is tax free? TaxBuddy founder warns how this common mistake could attract big tax noticeMany Indian retail investors are surprised to learn that earning under ₹12 lakh in the stock market doesn't guarantee tax exemption. Confus...
ITR filing: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpannerITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, Koin...
Want to file ITR online? Check charges of six different income tax return filing websitesRead here to know what are the charges for expert assisted and self-assisted ITR filing across six different websites- Clear, TaxBuddy, Qui...
Can you correct a mistake in your filed income tax return before verifying it?You have submitted your ITR and yet to verify it. However, at this stage you discover a mistake made in the filed ITR. Can you skip verifyi...
Now ITR filing mandatory if your TDS, TCS is Rs 25,000 or more in a financial yearThe 7th proviso to Section 139 was inserted by the Finance Act, 2019, which provided for certain criteria which mandated the filing of inco...
How to correct mistakes made at the time of paying income taxIt is important to ensure that correct details are selected or filled in the tax challan at the time of depositing your income tax. It may ...
ITR filing: Deadline to file income tax returns with audit reports for AY 2022-23 extended to November 7; know detailsThe CBDT has extended the due date for filing income tax return (ITRs) by corporate and individuals whose accounts need to be audited, to N...
Will you be taxed on Diwali gifts received? Check how various sources of gifts will be taxedHave you received high-value gifts this Diwali from your friends and relatives. It may happen that you end up paying tax on Diwali gifts re...
SSBA Innovations scraps IPO plans; withdraws draft papersEarlier, Stitched Textiles, which owns leading men's wear fashion brand Barcelona; Nandan Terry, part of the Chiripal group and Uma Convert...
SSBA Innovations files Rs 105 cr IPO papers with SebiThe company is a technology-driven financial solutions and services platform focused on providing financial solutions in the area of tax pl...
Will ITR filing deadline for FY 2021-22 be extended? Here's what tax experts have to sayWith the taxpayers complaining about issues with the new e-filing portal this year as well, are there any chances of the income tax departm...
How to claim LTC Cash Voucher exemption in your income tax returnAs per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption o...