Category Archives: Income Tax

6 ways to verify your income tax return

6 ways to verify your income tax return
With less than 10 days left to the deadline of July 31 for filing income tax returns (ITR), most people have started filing their ITR. An ITR

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How to claim tax exemption on HRA without landlord’s PAN

How to claim tax exemption on HRA without landlord’s PAN
The process of filing the Income Tax Return (ITR) could be simple and straightforward.
However, at times, certain peculiar and specific situations arise which requires

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Cut TDS from June 1 if paying rent over Rs 50,000 per month: Here’s how to do it

Cut TDS from June 1 if paying rent over Rs 50,000 per month: Here’s how to do it
An individual or HUF paying rent of more than Rs 50,000 per month is now required to

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Penalty for filing income tax return after due date is only applicable from FY 2017-18

Penalty for filing income tax return after due date is only applicable from FY 2017-18
The government has introduced a maximum fee amount of Rs. 10,000 for delayed filing of income tax return by individuals

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Paying Rs 50,000 rent? Better cut 5% TDS

Paying Rs 50,000 rent? Better cut 5% TDS

Individuals who are paying a rent of over Rs 50,000 every month  required to deduct TDS at 5%. The related section in the Income Tax Act

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How to calculate capital gains

How to calculate capital gains
Calculation of capital gains can be a complex and challenging mission relying on the nature and the number of transactions undertaken by the assessee in a financial year. It is

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