Category: Income Tax

How to submit ITR 1 Form (SAHAJ) online in 2017

ITR 1 Form (also known as Sahaj) is one of the most popular form for filing Income Tax Returns because it applies to most of the Salaried Employees. However, it does not apply to all categories of Salaried Employees as...

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All About GST on Export of Software Service

Goods & Services Tax (GST): GST is the complete mechanism to bring in numerous indirect taxes under one umbrella and thus rationalising the whole tax system. GST engulfs Central Goods & Services Tax (CGST), Integrated Goods & Services Tax (IGST),...

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Income tax e-filing: Questions you probably have in your mind

The time to file your income tax return is here! You must be struggling with many doubts and certain questions too. We have listed some common questions people quite often have every tax season. Read through the below questions and...

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7 Myths about Term Life Insurance

We have been inclined to be financially intelligent and always seek a tangible return benefit if we spend money anywhere, even if it is for safety. However, there are few things that carry far more importance in life than they...

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Income Tax on Startups in India & Tax Incentives to Start-ups

Several incentives have been announced by the Govt for startups and these benefits are being enhanced every year. All these incentives and all other relevant points regarding Income on Startups in India have been mentioned in this article. The following...

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Locate your Income Tax Ward No./ Circle/ Range/ AO Code online

The Jurisdiction of the Assessing Officer i.e. his Income Tax Ward/ Income Tax Circle/ Income Tax Range No/AO Code is required to be stated while filing the Income Tax Return. Furnishing these details in the Income Tax Return is optional...

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Income Tax on Contract based Employee/Consultant

Many companies have now started hiring employees on contract basis. Such employees although work in the company premises and work as a normal employee but their legal status is not the same as an employee and they are not entitled...

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5 Tips to Choose the Best Health Insurance Policy in India

Times have been changing fast in every sector of life and economy, and healthcare is not an exception. The trends that we have seen somewhat sound like the following: There is a constant growth in the number of consumers aware...

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TDS on Rent paid by Salaried, Businesses & Professionals – Updated

Budget 2017 and Budget 2019 have brought in certain amendments to the applicability of TDS on Rent and the rates at which TDS on Rent is to be deducted. Prior to this amendment, TDS was required to be deducted by...

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What are the tax deductions available on Critical Ailments expenses?

A tax deduction is an overall benefit that comes complimentary with health insurance plans and medical expenses. There is a separate category that deals with specific critical ailments that involve high expenses and more medical assistance. Critical ailment related expenses...

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