Can I pay rent to my parents to save tax?
HRA or house rent allowance is the most common allowance received by the salaried. Those who live on rent can maximize on […]
Tax on Blogging Income Under the Income Tax Act
With the onset of social media, the demand for content creators and bloggers is ever on the rise. Blogging profession is popular […]
How to Calculate Taxes on Online Casino Winnings in India?
In the past 10 years, the online casino industry in India has seen a massive surge in the number of players. This […]
Time limit for filling form 67 for claiming foreign tax credit increased
CBDT vide notification no 100/2022 dated 18th August 2022 amends Rule 128 of the Income-tax Rules, 1962, providing major relief to taxpayers in the […]
Reduction of time limit for verification of Income Tax Return
Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data […]
TDS on transfer of Virtual Digital Assets
In the Finance Act 2022, a new TDS section 194S, has been inserted in the Income Tax Act, and which has been […]
Social Media Influencers And Doctors Will Have To Pay 10% TDS For Promotion Of Products
The Union Budget has introduced a new Section 194R into the Income-Tax (I-T) Act, 1961. According to it, TDS of 10 percent must […]
Income Tax Returns Eligibility
Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax […]
Major changes in ITR for FY 2022-23
Some significant changes have been incorporated in the ITR forms in line with the amendment in Finance Act, 2022, which taxpayers should […]
Types of Income Tax Return Forms in India
Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax […]
Plan Your Income Tax Smartly
The new financial year (FY) 2022-23 (i.e., April 1, 2022 to March 31, 2023) is finally here. Most of us leave our […]