How to file ITR-1 with rental income? If you own a house or earn rental income, report it as Income from House Property in the Income Tax Return and file ITR-1.
Deemed dividend under Section 2(22)e is an income which refers as the same to dividend, though it is not distributed by a closely-held company.
In case if you find any mismatch between TDS in form 26AS then you may want to find out why the mistake happened. Here, how to resolve mismatches between TDS statement and Form 26AS is covered.
Tax Audit under section 44AB is carried out to check the compliance of various provisions of the Income-tax Law and the fulfillment of other requirements which are essential for the deduction of income-tax at source.
Difference Between ITR-3 and ITR-4: ITR 4- simple return for Business. ITR 3 –Biggest Return for Indivual and HUF. Read more on ITR 3 vs ITR 4
Tax on Bitcoin in India - If you hold your Bitcoin assets for 3 years or more, the profits made are long-term gains. The long-term capital gains tax is 20% in India.
Income Tax Assessment: It is an estimation for an amount assessed while paying Income Tax by assessee himself or by income tax officer. Read more on types of assessment in income tax
Tax benefits under life insurance policies: You can claim deduction from your taxable income on account of premium paid towards life insurance for self, spouse or children.
TDS Deduction on Rental Property: When an NRI-owned a property and is taken on rent, it is the obligation of the tenant to deduct tax (TDS) u/s 195 of the Income Tax Act
Voter ID Online Registration - Now register to voter id card online by following steps. What are the eligibility criteria for obtaining a Voter ID Card? Read more about registartion of voter ID
