TDS

2 min read

How NRIs are taxed on property sale constructive features

I'm an NRI having a flat in Pune, which I want to advertise. My father has the ultimate vitality of...

4 min read

Decoding crypto reporting requirements in new earnings tax return sorts

The authorities has lastly, by the use of the Finance Act of 2022, included taxation of cryptocurrencies or digital digital...

1 min read

Understanding the nuances of the newest amendments in TCS provisions

The Union funds 2023 has elevated the TCS value on worldwide remittances made beneath LRS from the prevailing 5% to...

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How is KVP taxed on the time of redemption?

In 2021, I bought Kisan Vikas Patra (KVP) for ₹20 lakh. I've been paying income tax on the curiosity accrued...

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Should NRIs file ITR for meagre earnings?

My son has been a non-resident Indian (NRI) for about 4 years, and used to file his earnings tax returns...

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Is the amount gifted by your accomplice taxable?

I've an earnings of ₹12 lakh yearly, along with bonuses. My husband presents me ₹90,000 per 30 days. Will this...

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How to e-verify IT return from abroad?

How can a non-resident Indian (NRI) file earnings tax return (ITR) and e-verify it on-line since OTP (one-time password) messages...

3 min read

Is a retired employee eligible for a home renovation mortgage?

I'm a 55-year-old retired authorities employee who must renovate my house, assemble one different flooring and lease it out for...

4 min read

Are taxpayers unwittingly giving an interest-free mortgage to the federal authorities?

A bonanza for the federal authorities: Recent info research highlight a serious surge in tax collections for fiscal 2023. Data...

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Confused about which earnings tax regime to resolve on? Here are key points to take a look at

Only just some days are left to intimate your employers regarding the earnings tax regime choice. However, numerous salaried workers...

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How are bond investments reported in ITR?

In FY 2022-23, I supplied a flat and invested a taxable portion after indexation in bonds of Rural Electrification Corporation...

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Why salaried individuals mustn’t delay deciding on earnings tax regime

April marks the beginning of a model new financial 12 months, which is when many new earnings tax authorized tips...

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The significance of selecting tax regime on time

It’s the beginning of a model new financial 12 months and employers have started rolling out the tax declaration type...

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First factor to do in FY24: Escaping the TDS clutches

A press launch issued by the Central Board of Direct Taxes (CBDT) on 11 March said that India’s gross direct...

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Income tax dept launches cell app ‘AIS for Taxpayer’

The Income Tax Department has launched a Mobile app, specifically, ‘AIS for Taxpayer’ to facilitate taxpayers to view their data...

4 min read

Claim your TDS credit score even when not mirrored in 26AS/AIS/TIS

What in case you are requested to pay 60% tax in your Income when your efficient tax legal responsibility is...

4 min read

Why market-linked debentures must have grandfathering leisure

For a danger averse investor who desires to put money into a debt safety however with a return linked to...

2 min read

Can NRIs avail of any tax deductions?

I dwell within the US. Can you please let me know which tax deductions are usually not allowed for non-resident...

4 min read

How finances has modified taxation for NRIs and RNOR

The finance minister offered the union finances within the parliament on 1 February. While the hue and cry of the...

2 min read

Budget brings listed bonds underneath TDS from April

Most of the finances proposals this yr introduced cheer for taxpayers on many counts however bond buyers had a cause...