Do you need to file ITR and disclose your foreign travel expenses?

People are splurging on foreign travel as international travel opens up after…

Higher TDS for Non-ITR Filers?

The Central Board of Direct Taxes (CBDT) issues a circular for determining…

Use Section 80D to Avail Tax Deduction on Health Check-up Expenses

You can claim tax deductions by investing in various tax-saving instruments. Nevertheless,…

IT: Conditions attached with the LIC premium deduction under Section 80C

The Income Tax Act provides tax benefits if you pay the premium…

Mistakes to Avoid While Investing for Section 80C Deduction

Section 80C is one of the most popular tax-saving provisions used widely…

How to claim an income tax deduction on house rent payment without HRA

The salaried individuals, who stay in rented accommodation, take advantage of claiming…

What is the TDS provision for rent paid by individuals above Rs 50,000?

Many people are unaware of TDS provisions while paying rent on the…

Why Nomination is Important in Mutual Fund Investing

Life is very unpredictable. It is important for a person to nominate…

Tax Query: How much money can be gifted to parents under IT laws?

I want a HUF in my name. Who is eligible to contribute…

Here are 6 unconventional ways to save your taxes

Tax planning should be an integral part of your finances as it…