Tax treatment of Agricultural Land
Majority of the Indian Economy depends on the agriculture. Though agricultural income is exempt from tax under sec 10(1), you …
Income Tax
How to Pay Income Tax late fees Online (Challan-280)
Introduction Filing the Income Tax Return (ITR) beyond the due date will lead to late fees under section 234F of …
PAN Requirement for Cash Transactions
PAN requirement for cash transactions In this article, we will cover PAN requirement for cash transactions. Currently furnishing PAN is …
Is Section 87A Rebate for everyone?
Did you know? Unlike basic exemption limit, Rebate under Section 87A is NOT for all Individuals. Section 87A rebate is …
Is it mandatory to file Income Tax Return?
In this article let’s discuss in detail, is it mandatory to file Income Tax Return (ITR) for FY 2023-24 aka …
Sec 194Q Applicability – Easy Understanding
Introduction In this article, let’s understand about the Sec 194Q applicability. Sec 194Q of Income Tax Act inserted by Finance …
Income Tax Rates slabs- AY 2021-22 (FY 2020-21) & AY 2022-23 (FY 2021-22)
Income Tax Rates Slabs in India- AY 2021-22 (FY 2020-21) & AY 2022-23 (FY 2021-22) Budget 2020 & Budget 2021 …
How to Save capital gain Tax on sale of Residential property?
How to save capital gain tax on sale of residential property? Introduction Before going on how to save capital gain …
What is Form 16 of Income Tax?
Form 16 of Income Tax is a certificate provided by the employer to the employee in respect of the income …
Income Tax Rates – AY 2020-21 (FY 2019-20)
Income Tax Rates – AY 2020-21 (FY 2019-20) Income tax rates for computation of tax liability of various assessees i.e. …