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income tax

Income Tax Return Filing date Extended: Know New Deadlines to File Your ITR FY20, FY19

Income tax notice dated 24th June-20202, put out by the Central government has provided major relief to taxpayers. Central government extended the deadline for filing income-tax returns (ITR) for 2018-19 by a month till July 31, 2020. The government has… Continue Reading →

House Rent Allowance v/s Home Loan: Which is the Better Tax Saving Option?

Understanding HRA Tax Benefits With the increasing prices in the real estate industry, it makes sense to borrow money through a home loan and acquire and own a house and pay EMI instead of renting a house. While there are… Continue Reading →

Switched Job? Here is How to File Your Income Tax Return

Job switch Being a salaried individual in the private sector, shifting jobs is common and it is a part of professional life. With the change in job, changes many things which include change of your employer and change in your… Continue Reading →

10 New Income Tax Rules of 2019: Tougher Penalties come into Effect

Under the amended guidelines of the Income Tax Department, those involved in serious crimes under black money and Benami laws will not be able to get away with just fines. The Central Board of Direct Taxes (CBDT), a leading direct… Continue Reading →

Beware,TaxPayers! These 6 Transactions Can Get You Prosecuted

Paying Tax genuinely shows your responsibility towards the nation. Being a citizen, it is our duty to contribute to the progress of the nation by paying our taxes genuinely. Not paying tax or trying to hide your income to save… Continue Reading →

5 Tax Implications of Mutual Fund Investments

Mutual funds are one of the best investment instruments from the perspective of maximum returns and minimum risk. A mindful selection of funds can bring good returns with less exposure to potential risks. Along with the returns and risks of… Continue Reading →

5 Easy Ways to E-Verify Your Income Tax Return

The due date for filing your income tax return is just a week ahead and most of us have already filed our income tax returns. However, just filing the ITR doesn’t complete the process of the tax return. It is… Continue Reading →

Deadline for Filing Income Tax Returns Extended, It’s 31st August Now!

Here is a news for the individual taxpayers which can be a relief for many people who have not filed their income tax returns yet! The central board of direct taxes took the decision on 26- 07- 18 and announced… Continue Reading →

Why You Should File an Income Tax Return Even If Your Income is Not Taxable

If you go around the web at the present day, you will find only two topics in which most of the Indians are taking an interest. Indians are reading, posting, commenting and sharing mostly these two topics only. The first… Continue Reading →

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