Made a mistake while paying income tax? Here’s how you can rectify

When you pay advance tax or self-assessment tax, the amount so paid…

IT Department Launched Annual Information Statement (AIS) That Will Replace Form 26AS

AIS is an Annual Information Statement launched by the income tax department.…

New Form 26AS will have foreign remittance information of taxpayers

The income tax department has expanded the scope of information to be…

Joint ownership of a house property has additional tax benefits

Buying a house property is everyone’s dream. There are various income tax…

Are tax-saving infrastructure bonds tax-free? See how they are taxed

Tax-saving infrastructure bonds are issued by the government and enjoy a deduction…

Income tax: Know the rules of clubbing income

The clubbing of income in the Income Tax Act means to include…

Incurred Loss in the Stock Market? Here Is How You Can Set Off the Loss

The volume of investment in the stock market has increased multifold with…

Tax You May Need to Pay on Gifts This Diwali

Beginning October, the festive season from Dussehra to Diwali comes with celebrations,…

Got foreign assets? You must file ITR

Income Tax Act makes it mandatory for the ‘resident’ individuals to file…