It’s time to bid adieu to 2020 and welcome the New Year 2021. We all make New year’s resolutions but we ignore the most important part: Financial Health. Let’s change the tradition and make financial resolutions for 2021. Create a Budget Preparing the budget is an important tool to control costs and expenditure. Here is an effective tip to make an efficient budget. Consider all...
House Rent Allowance Vs Home Loan Taxpayers would like to know their entitlement to deductions towards the payments for housing accommodation and their entitlement for house rent exemption. Tax Benefit on House Rent AllowanceAn allowance that is provided by an employer to the employee to cover the expenses of the accommodation rent which the employee may incur for his housing...
When it comes to ITR filing, it gets tricky to choose the income tax return form amidst various options available. Currently, there are seven valid forms to choose from as some of the previous ones have been discontinued or replaced by others. The Income Tax Return forms have to be filled with information regarding the company or individual’s income and tax, which then needs to be...
