Tax queries: Who can use ITR1 form to file tax return?
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July 17, 2018
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies. from Tax-Wealth-The Economic ...
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Showing posts with label TAX. Show all posts
Showing posts with label TAX. Show all posts
TAX
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Income tax return filing for FY 2017-18: Here are all the links you need
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July 17, 2018
By filing your income tax return on time, along with certain benefits such as carry forward of losses, you will not have to pay a late filin...
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TAX
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Tax optimiser: How claiming medical expenses under section 80DD can reduce Sharma's tax outgo
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July 15, 2018
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. from Tax-Wealth-...
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TAX
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How are gains from F&O to be taxed and declared in ITR?
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July 15, 2018
As gains from F&O are considered non-speculative business gains, income tax is levied according to the applicable tax slab rates. from...
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TAX
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Filing ITR? Here's how your capital gains will be taxed
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July 15, 2018
The tax rates for short-term and long-term capital gains depend on the asset class and the period of holding. Here are the tax rates for dif...
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TAX
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Tax season: Beware of fake mails asking for your netbanking details from I-T like addresses
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July 12, 2018
Don't respond to mails from donotreply@incometaxindiafilling.gov.in - it has the 'e' is missing from 'efiling' and '...
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TAX
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6 things you must know while e-filing ITR
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July 12, 2018
The e-filing website of the income tax department has undergone various changes. Here are the six changes you will see on the ITR filing web...
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TAX
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Frequent changes in GST may muddle the tax system
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July 11, 2018
Government of India must work towards not just simplifying procedures but also towards lowering and converging rates. from Tax-Wealth-The ...
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TAX
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Don’t ignore these incomes while filing your tax return
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July 08, 2018
Interest from bank deposits, bonds and even tax-free incomes have to be declared in the income tax return. from Tax-Wealth-The Economic Ti...
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TAX
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What is tax liability on LTCG from sale of flat if other income is below taxable limit
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July 08, 2018
If you invest the proceeds from the sale of a flat in Section 54EC bonds then you don't have to pay tax on the long-term capital gains f...
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TAX
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How will LTCG be calculated on sale of flat held for 24 years?
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July 08, 2018
The owner or joint owners of the house will be liable to pay capital gains tax on the gains from the sale of the house in proportion to thei...
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TAX
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How to get errors in your Form 26AS corrected
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July 06, 2018
An incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR. from Tax...
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TAX
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Tax queries: Sum assured taxable if premium greater than 10%
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July 05, 2018
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies. from Tax-Wealth-The Economic ...
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TAX
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An illustration: How to file ITR with salary income and home loan
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July 04, 2018
In the case of self-occupied property, deduction under section 24(b) cannot exceed Rs 2 lakh provided certain conditions are met. from Tax...
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TAX
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Is the interest earned on NSCs taxed on annual or accrual basis?
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July 01, 2018
The interest accrued is deemed to be reinvested on behalf of the NSC holder each year and you need to declare this interest income. from T...
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TAX
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Filing income tax return? Don't miss these 9 tax breaks
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July 01, 2018
You can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your ta...
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TAX
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5 smart things to know about tax breaks on education loan
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July 01, 2018
Deduction on education loan can be taken if the loan is taken from bank or qualified institution for higher education of self, spouse or chi...
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TAX
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How to file income tax return without Form 16
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June 29, 2018
Even if you don't have Form 16, there are several documents you can use as reference to file your return. from Tax-Wealth-The Economic...
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TAX
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Travel expense not allowed as deduction from NRI’s income, rules tax tribunal
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June 28, 2018
As the connection between travel expenses and the income earned was not substantiated, it was denied as a deduction in the NRI’s hands. fr...
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TAX
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When to say 'No' to cash
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June 27, 2018
The move to curb cash transactions above a threshold is aimed at curbing black money and promoting digital economy. from Tax-Wealth-The Ec...
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