Income Tax Savings Tips To Help In Tax Planning
April 30, 2021
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Tax planning comes under financial planning. It is difficult to avoid taxes, you can strategies to lower the tax outgo
Tax planning comes under financial planning. It is difficult to avoid taxes, you can strategies to lower the tax outgo
Chapter VI-A of section 80C clarify about complete information about deductions from Gross Total Income. It is important to note
The Government of India has provided certain exemptions on purchase or construction of house property which are inducted in the
As we are aware that income of Individuals/HUFs are taxable according to the progressive tax slabs. The maximum rate of
The Government has increased the deposit threshold limit to INR 5 lacs per annum in the provident fund for which
Under Income tax law the concept of Revised Return is dealt in section 139(5). Now the question is what is
Any service or business sector or manufacturing industry can claim additional deduction of 30% of salary paid to their additional
Who is responsible to deduct tax under section 194LBA? An individual who makes payment of income according to the section
The Income Tax Act- section 54 endows exemption for ‘Long Term Capital Gain’ arising on sale of residential property. Let’s
As a taxpayer, you might be claiming different expenses & exemptions to lesser your income tax liability, but do you
