Tax Rebate under the Old & New Tax Regime
Tax rebate is the refund of taxes if the tax liability of individual is less than the taxes paid. In other words, by way of the rebate, the individual gets …
Income Tax
Know Reasons Why You Should File Your Income Tax Return
Generally, Income Tax Return is to be filed by the individuals, if their income exceeds the threshold limit of Rs. 2.5 lacs, set up by the Ministry of Finance, Government …
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Understand About Taxability of Various Investments Under Section 80C
Investments under Section 80C have dual objectives – firstly, to make investments and secondly, to save taxes. Accordingly, the taxes so saved and investments so made can be used in …
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How To Treat Capital Gains From Transfer Of Shares?
When the purchase price of shares is more than the sale price, then it is a Capital Gain. On the other hand, if the purchase price is less than the …
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Tax Benefits for Education: You Need to Know Everything
The tax benefits for education are enlisted under two main provisions of the Income Tax Act – Section 80C and Section 80E. Both of these sections not only provide benefits of tax …
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Know About Linking of Aadhaar with PAN
Linking of Aadhaar with PAN is mandatory for all the persons who have a valid PAN as on 1st July, 2017 and who is eligible to obtain an Aadhaar Number. …
Union Budget 2023: Know About The Direct Tax Reforms
Union Budget, 2023 was presented by Finance Minister Smt. Nirmala Sitharaman in Parliament on 1st February, 2023. Keeping in view the vision for “Amrit Kaal”, the government is looking forward …
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Know Rules Related to Premature Withdrawal of Fixed Deposits
Premature withdrawal of fixed deposits, as the name suggests is withdrawing the amount of the fixed deposits before their date of maturity. If you withdraw FD before its date of …
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Important National Pension Scheme (NPS) withdrawal Rules
The NPS withdrawal rules are applicable on premature as well as mature exit by the NPS subscriber. This, however, depends on various terms and conditions. National Pension Scheme is a …
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Taxability of Dividend Income: Everything You Need to Know
There was exemption on the taxability of dividend income for shareholders till the Assessment Year 2020-21. Accordingly, the companies were liable to pay taxes on such dividend income. Taxability of …
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