Dividend income refers to the income received by a shareholder from a company out of its profits. Under Indian tax laws, it is taxed under the head "Income from Other Sources" unless specifically exempted. Section…
Section 80GG provides a tax deduction to individuals paying rent for their accommodation but not receiving House Rent Allowance (HRA) from their employer. This section is especially helpful for self-employed individuals or salaried employees who…
Health is wealth — and now, it also helps you save on taxes! Under Section 80D of the Income Tax Act, you can claim a tax deduction for the money you spend on: Health insurance…
Are you filing your ITR for AY 2025–26? The Income Tax Department has introduced several new disclosure requirements and form changes this year to increase compliance and transparency. Here's a simplified guide to help you…
Form 27Q is a quarterly TDS return that must be filed by deductors for non-resident Indians (NRIs) and foreign companies when TDS is deducted on income (excluding salary) such as interest, dividend, royalty, technical fees,…
Step-by-Step Guide to Trust Registration: Build Your Charitable Trust in India A trust is a legal arrangement where the author (settlor) transfers property to trustees, to be used for the benefit of beneficiaries. In India,…
Interest Payable Under Section 234A, 234B, and 234C As the deadline for advance tax payment (especially the last installment due on 15th March) approaches, taxpayers and tax professionals gear up to compute and pay the…
INCOME TAX PORTAL UPDATE- ITR-B Taxpayers who’ve received a notice under Section 158BC (block assessment after search) can now file Form ITR-B online via the e-Proceeding tab on the Income Tax portal. ITR-B is a…