Tag Archives: Income Tax updates

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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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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Which ITR form to fill and how to fill for FY 2016­-17.

Which ITR form to fill and how to fill for FY 2016-­17.
The Central Board of Direct Taxes (CBDT) notified tax return forms for the Financial Year (FY) 2016-­17 on March 31, 2017. The government

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Financial tasks that you need to do right away

Financial tasks that you need to do right away
Here are some financial errands that you need to deal with immediately.
LINK YOUR AADHAAR CARD

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Benefits of filing ITR by individuals

Benefits of filing ITR by individuals
When it comes to filing of income tax return, many Individuals are of the opinion as to why the return must be filed. Though salary class individuals duly file

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