One can claim hra deduction & home loan interest if one owns a house but lives in a rented house. For interest on home loans the tax benefit is available under Section 24(b).
Schedule AL in ITR - Schedule AL enables a taxpayer to disclose assets and the corresponding liabilities in the Income tax return (ITR) filed by the taxpayer.
Income Tax Exemption on Gratuity: Eligibility, how to calculate, income tax exemption and other details · Employers not covered under the Payment of Gratuity Act 1972
Section 14A of Income Tax Act - Section 14A deals with expenditure incurred in relation to income not includible in total income. Read more about it.
Faceless Assessment Scheme 2019 - It is one of the biggest Direct Tax reforms in India based on Key Principles of Efficiency and Transparency.
Here is complete guide to fix the mismatch in profile info in the new income tax portal and Consequences of this mistakes. Step by step guide
In this article we discussed to correct the invalid surname and first name error on e-filing portal. Step by step guide to correct the surname and first name.
The income tax department has prescribed guidelines for verification of suspicious transactions and bank transactions. Read more on these guidelines.
How to e-verify ITR without loging in to e-filing portal. Verification of tax return is the last step in the ITR filing process. Learn more about it.
E-PAN Card is a digitally signed PAN card issued in electronic or digital format by the Income-tax department. You can apply for an E-PAN card in few steps. Read more here.
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