Five heads of Income eligible for Income Tax Computation
As per Section 14 of the Income Tax Act of 1961, there can be several modes of income for an individual. The income tax computation is an important part and has to be cal
Why the need for Form 26AS?
Form 26AS is a consolidated annual statement which has tax credit related information. This statement contains detailed information on tax deducted from the income received by the
Income Tax Benefits in 2020: The HUF Advantage
HUF or Hindu Undivided Family is a unique taxable entity which is existing only in India. This entity is taxed independently from its members. This entity can be created by Hindus
How to make the most of the tax break in 2020?
Health problems coupled with their associated treatment expenses have been undergoing a rise in recent years especially due to poor lifestyle choices and changing food habits. We h
Save Tax Without Investing More! How?
Tax saving without investing? Seems like a dream, isn’t it? But yes, it’s true! There are certain exemptions and certain deductions which you can claim and gain the tax sav
Difference between Tax Exemption and Tax Deduction
With the tax return filing season around the corner, many of you must be planning your taxes or reviewing your tax status. After putting so much effort in earning money, who likes
New Tax Regime Vs Old Tax Regime
In the Union Fiscal Budget 2020 unveiled by the FM, Nirmala Sitharaman announced a new and simplified income tax regime with revised income tax slabs and tax rates. This new tax sy
A Relief for Taxpayers Earning Under Rs. 5 lakh
Tax season brings with it a set of concerns regarding the rules and regulations which need to be followed, but these need not be confusing for you! We’re here to help you underst
A Look At The New Changes In GST For Homeowners
The Government of India has been introducing (GST) all kinds of new regulations for Income Tax Returns (AY 2019-20), which needs to be filed by 31st July this year. The good news
When Is The Right Time To Start Tax Planning
Waiting for the year-end to start planning your taxes? You might be wrong. Tax planning should be done as early as possible.When it comes to tax planning most of you delay your onl