Know incomes free from taxes in India
It is said money saved is money earned and who does not like to earn money, if not saving. In this blog, we will tell about the incomes that are …
Income Tax
Know About the Basic ITR Filing Exemption Limit for Taxpayers
The ITR filing in India exemption limit depends upon the type of taxpayer as well as the type of tax regime he chooses to opt for. This is so because …
Know About the Basic ITR Filing Exemption Limit for Taxpayers Read More »
All About The New Section 194S
Section 194S was introduced in the Income Tax Act, 1961 just like Section 194R through the Finance Act, 2022. Thereby, as per Section 194S, there shall be a deduction of …
TDS Section 194R: All You Need To Learn
The newly inserted TDS Section 194R was introduced in the Income Tax Act through the Finance Act, 2022. The provisions of this Section shall come into effect from July 1, …
Income Tax on Agriculture Income Easily Explained By TaxHelpdesk
Agricultural income is the primary source of income for most Indians. Further, the income from agriculture is not taxable under Section 10(1) of the Income Tax Act. File your ITR …
Income Tax on Agriculture Income Easily Explained By TaxHelpdesk Read More »
Know All Important Pointers About ITR Refund
An ITR Refund or Income Tax Refund is a state of reimbursement to a taxpayer when he pays a higher tax in the given Financial Year than his final assessed …
Taxability of Pension: All You Need To Know
The taxability of pension is under the head “Salary” or “Income from Other Sources” depending upon the fact who is receiving the pension. File ITR Here! What is pension? Pension …
TDS on Cash Withdrawal (Section 194N) (Expert Guide)
The Union Budget, 2020 amended Section 194N related to TDS on cash withdrawal from savings/current bank account. As per this amended Section, if an assessee has not filed Income Tax Return (ITR) for the last three financial years, then cash withdrawal from his/her savings or current bank account will attract TDS if the total amount withdrawn in a financial year exceeds Rs 20 lakh / Rs. 1 crore
Income Tax Under New Regime Understand Everything
The new regime was introduced through the Union Budget, 2020. Moreover, it is an optional tax regime which can be opted only by individuals and HUFs. What is New Regime? …
Income Tax Under New Regime Understand Everything Read More »
Know about the TDS Rates for FY 2022-23 Easily Explained
Like every year, new TDS rates have been announced by the Income Tax Department. In addition to these TDS rates, there is an insertion of new TDS Sections namely Section …
Know about the TDS Rates for FY 2022-23 Easily Explained Read More »