Know Taxability of Capital Assets in India
Many people own capital asset but are not aware of the taxability. In this blog, we will explain in detail about the taxability of capital asset in India. File your ITR …
Income Tax
Know about the income tax slabs FY 2022-23 | FY 2021-22
There is no change in income tax slabs for the Financial Year 2022-23; Assessment year 2023-2034. Income Tax is charged on the persons as per the income(s) earned by them …
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How to Treat Income from Transfer of Shares?
The treatment of Income from the transfer of shares can be under the head either “Income from Business” or “Income from Capital Gains”. People make Investments for the purpose of generating more …
Penalties on late filing Fees easily explained by TaxHelpdesk
The person has to pay TDS late filing fees under Section 234E, if he fails to file the TDS Return or does file the return within the due date. Apart …
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A Quick Look at Deductions under Section 80C to Section 80U
Deductions under Section 80C to Section 80U are covered under Chapter VIA of the Income Tax Act. The quantum of the deduction varies from Section to Section and type of person. Exemptions …
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TDS on interest on securities Easily explained
The provisions relating to TDS on interest on securities are covered under Section 193. If a person sends a resident any income in the form of interest on securities, he …
Documents to be submitted to employer to claim tax benefits
The individuals having income from salary can claim tax benefits through allowances, exemptions and deductions. Having stating that, at the beginning of every financial year, employers seek an investment declaration …
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Tax Exemption in Salary: Everything That You Need To Know
The Income Tax Act allows various Income Tax exemption that can help you in saving your taxes. In addition to this, the new Financial Year has just begun, so it …
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Income Tax Related Tasks to finish before 31st March, 2022
31st March, 2022 is around the corner. The taxpayers must make sure that they complete the following 10 income tax tasks before the deadline of 31st March ends. 1. Filing …
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Know Who should file Form 15G and Form 15H?
Form 15G and Form 15H are self declaration forms that the assessee submits to the bank requesting not to deduct TDS on Interest Income, as their income is below the basis exemption limit. The assessee has to provide his PAN Card with the form.