Everything You Need to Know About Income Tax Return Filing Last Date
Introduction:
Filing an income tax return (ITR) is an essential task for every taxpayer. It helps you keep track of your financial activities and ensure...
Understanding TDS Upload: A Step-by-Step Guide for Taxpayers
Introduction
TDS or Tax Deducted at Source is a mechanism introduced by the Income Tax Department of India to collect tax at the source of...
Tax Benefits of a Sole Proprietorship: Maximizing Savings for Small Business Owners
Sole proprietorship tax benefits: Understanding the advantages of this business structure
A sole proprietorship is a business structure in which an individual owns and operates...
Understanding 26AS Form: Everything You Need to Know
26AS Form is a consolidated tax statement that is generated annually for taxpayers in India. The form contains details of all tax-related transactions made...
Understanding Education Cess in India: Purpose, Impact, and FAQs
Understanding Education Cess: An Overview
Education cess is a form of tax that is levied on individuals or entities to raise funds for the development...
Understanding the 15G Form: A Comprehensive Guide
Saving money is an important aspect of financial planning. However, paying taxes on the interest earned on our savings can be a significant burden....
Production-Linked Incentive (PLI) Tax Exemption: A Boost for Manufacturing in India
Introduction
The Production-Linked Incentive (PLI) scheme is an initiative taken by the Indian government to boost manufacturing in the country. Under this scheme, eligible manufacturers...
Understanding Section 80CCD(2) – Benefits of Additional NPS Contribution
Section 80CCD(2) of the Income Tax Act, 1961 is a provision that allows individuals to claim an additional deduction on contributions made towards the...
Understanding Gift Tax in India: Rules, Rates, and Regulations
Understanding Gift Tax in India: A Comprehensive Guide
Gifting is a popular practice in India, especially during festivals, weddings, and other occasions. However, did you...
80 TTA: Guide to Understand & Maximizing Tax-Free Allowance
Overview of the 80TTA deduction
80tta stands for section 80TTA of the Income Tax Act, 1961. 80tta is a tax benefit provided to individuals...