Every taxpayer should file income tax returns on time if he is required to file income tax return. Whether you are a salaried employee, pensioner, or a business owner, you should keep track of the income tax return last date and ensure that you avoid penalties, late fees, and unnecessary stress. In this article, we […]
Income Tax
Capital Gain on Sale of Property
Capital gains tax is one of the most significant taxes levied on individuals and entities when a property is sold for a profit. In India, income from sale a residential or commercial property falls under the ‘Capital Gains’ head in Income Tax. In this article are define as capital gain on sale of property. What […]
Section 194N TDS On Cash Withdrawal from Bank
Section 194N of the Income Tax Act, 1961 is effective from 1st September 2019. This section was brought into force to discourage cash transactions and promote digital economy by levying Tax Deducted at Source (TDS) on cash Withdrawal from Bank above a certain limit. In this article, we’ll discuss the complete procedure, threshold limits, TDS […]
PPF Withdrawal – Complete Procedure
The Public Provident Fund (PPF) is one of India’s most popular long-term savings-cum-investment instruments; it provides tax-free returns and acts as a safe vehicle for wealth accumulation and retirement planning. You have to repay it with a small interest, and it helps avoid taking outside loans. PPF paying for company for employers are every month […]
Form 10E
Many salaried individuals and pensioners in India often find themselves in situations where they receive arrears or advance payments due to delayed salary hikes, retrospective promotions, or pension revisions. These payments can push the taxpayer into a higher tax bracket for that year, increasing their tax liability significantly. To address this, the Income Tax Act […]