Know about the tax implications of UPI transactions in India. Find out how UPI transactions are taxed and how to report them in your ITR. The rise of UPI, or Unified Payments Interface in India has made transactions easier, fast and more convenient. However, with the increase in digital payments, it is essential to understand … Read more
Understand the role of AIS and TIS in income tax. Know how these statements help in accurate tax filing, what information they contain, and how to access them. When it comes to filing income tax returns, accuracy and transparency are crucial to avoid any discrepancies or issues with the tax authorities. To ensure that taxpayers … Read more
Know about the benefits of filing a nil ITR in India, who should file it, why sould file it and how to file it. Understand the tax implications and exemptions. A Nil Income Tax Return, or Nil ITR, is simply a way to tell the Income Tax Department that you earned less than the limit … Read more
Know who pays income tax on child’s income in India. Understand the income tax rules and exceptions for minors. Get clarity on filing income tax returns for your kid’s income. As a parent, you work hard to provide for your child’s future. But did you know that your child’s income may be subject to income … Read more
Understand the tax free income sources in India that can help you save your hard-earned money from taxes. Learn how to minimize your tax liability with these exemptions. Tax planning is an essential aspect of personal finance. While paying taxes is a civic duty, it’s equally important to know about tax-free income sources. Taxes are … Read more
With the onset of online income tax return (ITR) filing, understanding Form 16 becomes crucial. Form 16, a vital document for salaried employees’ ITR filing, serves as their TDS certificate issued by the employer. It encompasses detailed salary and tax deduction information, aiding in accurate tax filings. While not mandatory, waiting for Form 16 is … Read more
Learn about the Income Tax Department AIS system and how it simplifies filing your Income Tax Return (ITR) with pre-filled data, reducing errors and saving time. Filing your Income Tax Return (ITR) can be hard and confusing with all the forms and numbers. The Income Tax Department has a new tool called the Annual Information … Read more
Essential Documents for Easy ITR Filing: Are you gearing up to file your Income Tax Returns (ITR) and feeling overwhelmed by the paperwork? Don’t worry; we’ve got you covered! Filing your taxes accurately requires a few essential documents, and here’s a simplified guide to help you gather everything you need. Income Tax Returns Filing income … Read more