Section 206C(1G) of the Income Tax Act: TCS on Foreign Remittances & Overseas Tour Packages (FY 2026-27 Guide) Section 206C(1G) of the Income Tax Act, 1961 requires banks (authorised dealers) and overseas tour operators to collect Tax Collected at Source (TCS) when a resident individual sends money abroad under the RBI’s Liberalised Remittance Scheme (LRS) […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Income Tax · TDS · Provident Fund · 10 min read Section 192A: TDS on Your Provident Fund Withdrawal — and How It’s Taxed You’ve left a job, your EPF balance is sitting there, and pulling it out feels like the obvious move. Then a chunk vanishes to TDS, and a bigger question turns up […]
Tax Update · June 2025 Income Tax Amendments 2025–26:What Actually Changes for You No jargon. Just a plain-English walkthrough of the Finance Act 2025, the new Income Tax Act 2025, and what it means for your wallet — whether you’re salaried, self-employed, or running a business. By eServicesHelp Team · www.eserviceshelp.in · Updated June 2025 […]
Missed e-Verification of ITR? Reasons, Consequences, and Solutions for Invalid Income Tax Returns Missing e-verification of your Income Tax Return (ITR) means your return has not been validated as required, and the Income Tax Department will treat it as not filed. The main cause is failing to complete the verification step within 30 days of […]
House Rent Allowance tax exemption is a widely used benefit employers provide to employees to help them with their rental expenses. HRA can be claimed under Section 10(13A) of the Income Tax Act, 1961, for rent paid for accommodation, but specific guidelines and conditions must be met to avail of this exemption. One such situation […]