Income-Tax Saving Through Strategic Life Insurance Planning

Financial planning is beyond just investing wisely to save on taxes; it’s…

Income-Tax Return: Here’s a Note on Tax-Saving Avenues

A salaried individual earning up to Rs 5-15 lakh as net salary…

Income-Tax vs Tax Deducted at Source: Know the Difference

Income tax and Tax Deducted at Source (TDS) are two terms that…

Direct Tax Collections Up 20.25% by February 10

India’s direct tax collections jumped to Rs 15.60 lakh crore till February…

Income-Tax Act Amendments: Norms for Rental Income Deductions

As per Section 194-I of the Income-Tax Act (ITA), 1961, individuals and…

A Brief Note on Belated and Revised Returns

The Income-Tax (IT) department has notified the final date to file belated…

Investing in Shares, Mutual Funds in a Minor’s Name? Know About the Income Tax Implications

For parents looking forward to making investments in equities and mutual funds…

Net Direct Tax Collection Surges by 22% to Rs 9.57 Lakh Crore

The net direct tax collections surged by 21.82% year-on-year (YoY) to more…

New Feature Introduced by I-T Department, Allows Taxpayers to File Now and Pay Later

Big news for taxpayers! The income tax department recently introduced a ‘Pay…

New Norms Decoded: Tax-Free Receipt from Insurance Policies

A recent change has been introduced in Section 10 (10D) of the…