Category: Income Tax

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...

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...

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...

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...

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...

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...

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...

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...

Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in the Income Tax Return. The Cost Inflation Index is issued...

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. Different rates of surcharge are applicable for different categories of taxpayers...