Income Tax

Never Stop Learning

Income Tax

Income Tax on Digital, Physical and Paper Gold in India...

Income Tax on Digital, Physical and Paper Gold in India

The practice of investing in gold is fairly common. Depending on their financial objectives, people invest money in various types of gold. The earliest typ...

Read More
Act Income Tax

Section 80GG of Income Tax Act and Deductions in Respec...

Section 80GG of Income Tax Act and Deductions in Respect of Rent Paid, Conditions & Eligibility

Section 80GG is a provision under Chapter VI-A of the Income Tax Act 1961. It provides tax reprieve to those who do not avail of house rent allowance. To b...

Read More
Income Tax

When and How to Pay Income Tax on Fixed Deposit’s Int...

When and How to Pay Income Tax on Fixed Deposit’s Interest Income

Income Tax is that form of Direct Tax imposed by the government on the annual Income either generated by Individuals or business entities. A share is calcu...

Read More
Income Tax

Capital Gains Tax & What is Capital Gains Tax in In...

Capital Gains Tax & What is Capital Gains Tax in India, Types, Tax Rates, Calculation, Exemptions & Tax Savings

Any profit or gain arising from the sale of a 'capital asset' is known as 'income from capital gains'. Capital gain is taxed in the year in which the capit...

Read More
Income Tax

Can You Save Tax by Transferring Money to Wife’s Acco...

Can You Save Tax by Transferring Money to Wife’s Account

Do you want to transfer money to your spouse's account so she can meet personal expenses? Will that money be counted as income? Or is it considered as borr...

Read More
Income Tax

How to save Capital Gains Tax on the Sale of Land?

How to save Capital Gains Tax on the Sale of Land

Any profit from a capital asset is classified as Capital Gains for income tax and will be subject to capital gains tax. Land is treated as a Capital Asset,...

Read More
Income Tax

Penalty for Late Filing of Income Tax Return

Penalty for Late Filing of Income Tax Return

An Income Tax Return (ITR) is a document that every taxpayer is required to file with the Income Tax Department. ITR is filed to declare the income earned...

Read More
Income Tax

Can I pay rent to my parents to save tax?

Can I pay rent to my parents to save tax

The most common type of allowance a salaried person receives is House Rent Allowance (HRA). Those who live in a rented property can maximize their tax savi...

Read More

Trending Posted