News

Zerodha's Founder suggested that a married Man can form HUF (Hindu Undivided Family) to get advantage of getting separate Income Tax Deductions as HUF is recognized as a distinct legal entity.

Income Tax Saving Hack: Zerodha's founder suggests tax saving trick during ITR filing

Although New Tax Regime calculates lower Income Tax, it is the Old Tax Regime which allows claiming exemptions and deductions as per the Income Tax Act.

OLD Tax Regime or New Tax Regime: Which Tax Regime to Opt; Check why Old Tax Regime is still Attractive

Articles

Salaried individuals must normally submit proof of expenses and investments to their employers in order to claim deductions and exemptions under various provisions of the Income-tax Act.

Submit Tax Saving proofs to Employer to claim LTA by March 31st

There is not chance for extension of applicability of Section 43B(h) of Income Tax Act. Thus it's implentation should be done in advance to ensure smooth compliance at later stage.

Late MSME Payment section 43B(h) now reality: What to do in this case

Notifications

The CBDT has notified the National Mission for Clean Ganga for Income Tax Exemption under Section 10(46) of the Income Tax Act, 1961 via issuing a Notification.

CBDT Notifies National Mission for Clean Ganga for Exemption under Section 10(46) of IT Act

High Value Transactions done by an individual does not commensurate with the ITR, he is bound to receive the Tax Notice.

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Income Tax Saving Hack: Zerodha's founder suggests tax saving trick during ITR filing

OLD Tax Regime or New Tax Regime: Which Tax Regime to Opt; Check why Old Tax Regime is still Attractive

Submit Tax Saving proofs to Employer to claim LTA by March 31st

Late MSME Payment section 43B(h) now reality: What to do in this case

CBDT Notifies National Mission for Clean Ganga for Exemption under Section 10(46) of IT Act

These Income Tax High Value Transactions that May Trigger Notice from IT Department; Check List