List of Tax Saving Tax Planning Articles

Taxpayers, facing time constraints, may initially file inaccurate or incomplete income tax returns. To address this, the Income Tax Act’s section 139(5) permits the filing of revised returns, enabling corrections and the inclusion of omitted information for accuracy. But many individuals are clueless about how to file a revised tax return. This blog will help you understand that in detail. What is a Revised Return? […]

Buying a house is one of the biggest financial decisions that you will make in your life. It is an overwhelming experience, both financially and emotionally. While buying a house, we need to identify the property, make down payment, apply for loan, sign the sale agreement, etc.

The government collects taxes in the form of income tax, direct taxes and indirect taxes. Direct taxes are paid to the government directly from the individual earning money. On the other hand, indirect taxes are the seller’s responsibility to deposit with the government.

Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.

Individuals often earn income from various sources worldwide. However, not all countries tax foreign income earned by their residents. If you’re an Indian resident with income sourced from abroad, you may wonder about India’s taxation policies concerning such earnings. The Indian tax system does indeed impose taxes on foreign income. This article aims to explore all about taxation of foreign source income in India. Determining […]

In India, Income Tax remains a puzzling ordeal to regular citizens who earn and are liable to pay taxes.

ITR-V stands for Income Tax Return“Verification™ Form. It is a one page document. ITR-V is received when you file your I-T return online”without using a digital signature. It is sent by the I-T Department.

Income tax paid by citizens constitutes a major chunk of the government’s revenue. It is imperative to pay taxes for the smooth functioning of the economy.

The revenue stream to the Indian government that helps maintain various aspects of the country is through the taxes paid by the citizens.

Tax contributions in India are fueled by salaried employees. From the data available, salaried employees, on average, pay three times more taxes than individual business taxpayers. Paying taxes on

Taxpayers, facing time constraints, may initially file inaccurate or incomplete income tax returns. To address this, the Income Tax Act’s section 139(5) permits the filing of revised returns, enabling corrections and the inclusion of omitted information for accuracy. But many individuals are clueless about how to file a revised tax return. This blog will help you understand that in detail. What is a Revised Return? […]

Are you a resident Indian with a gross taxable income exceeding Rs250,00 yearly? Or do you own any movable or non-movable assets in this country? If yes, then you need to file your Income Tax Returns (or ITR) every year.

You may have rummaged Google in an attempt to find the right answer, all for nought. The amount of income tax to be paid depends solely on how much you earn and your total taxable income.

For the government, taxes are an essential source of revenue. On the other hand, double taxation happens when taxes are levied at different rates on the same income, which greatly raises the tax obligation. This may occur if the income source and the recipient are subject to taxes. However, it is essential to comprehend the idea and forms of double taxation in order to prevent […]

Double taxation occurs when the same income gets taxed twice, either in two different countries or under two different tax regimes in the same country. This places an extra and unfair tax burden on taxpayers. However, India’s tax laws provide certain relief measures that you can avail to reduce the impact of double taxation on your finances. This article will discuss what double taxation relief […]