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Pay tax on selling property!
When selling capital assets like houses or land, if there is a profit, known as capital gain, then taxes are levied on that profit
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Life policies with over Rs 5 lakh premium face tax
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
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Earning from Twitter may attract GST
If the total income of a person from various services including rental income, interest on bank fixed deposits and other professional services exceeds
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Start early to minimize your tax
For most of us, retirement might seem like a far cry. But if you start saving for your twilight years right away, not only will you benefit then, but
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Don't hide your moonlighting income
In your ITR, if you file your moonlighting monies under the head “Income from business and profession”, you are marking it as fees for the profess
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How to check your I-T refund status
Tax experts say that currently refunds are taking 7 to 15 days. The taxpayer should keep checking the status of refund from time to time.
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Don’t click ‘here’ for refunds!
Many people get conned in the name of income tax refund. How is this fraud happening? How can you save yourself from this fraud? Also how can you get
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Filing not enough, need to verify ITR too
You have 30 days from the date of filing the return to verify the return or file ITR-V. In these 30 days, the return has to be verified.
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Covid, job loss reflects in IT payers nos
There has been a sharp decline in the number of taxpayers in the country from FY 2020
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I-T notices sent to 1 lakh for income mismatch
Notices have been sent to over 1 lakh tax assessees for income mismatch and with income over Rs 50 lakh
