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IT Department has sent notices to the Taxpayers who have been paying a monthly rent of Rs.50,000 or more but have failed to deduct TDS on it.

Taxpayers Received Notice from Income Tax Department for Not Deducting TDS on Monthly Rent of Rs.50,000 or More

Tax harvesting is a strategy used to save taxes on LTCG income, especially for individuals who earn income from the sale of equities.

Tax Harvesting: Do Not Wait for March 31 to Save Capital Gains Tax on Equities This Year

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Bandhan Bank Limited has been served with an income tax demand of Rs.119.38 crore by the Income Tax Department's Faceless Assessment Unit.

Bandhan Bank Gets Rs.119.38 Crore Income Tax Demand

Many people use Section 80C to claim tax deductions for certain investments. Section 80C deduction can still be claimed without making investment in current year.

Can Still Avail Section 80C Tax Deduction Without Other Investments if You Invest in NSC

If salaried individuals select the old tax regime and claim a house rent allowance (HRA) exemption for the rent paid, can they also claim a tax exemption on the maintenance fees?

Is it Possible to Claim the HRA Tax Exemption for Society Maintenance Costs?

The Income Department has advised taxpayers to file their updated Income Tax Return (ITR-U) as soon as possible to avoid higher penalties and extra financial stress

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Taxpayers Received Notice from Income Tax Department for Not Deducting TDS on Monthly Rent of Rs.50,000 or More

Tax Harvesting: Do Not Wait for March 31 to Save Capital Gains Tax on Equities This Year

Bandhan Bank Gets Rs.119.38 Crore Income Tax Demand

Can Still Avail Section 80C Tax Deduction Without Other Investments if You Invest in NSC

Is it Possible to Claim the HRA Tax Exemption for Society Maintenance Costs?

Avoid Paying 50% Extra Tax Payment, File Your ITR Before March 31