How to easily file income tax returns online?

According to section 139(1) of the Income Tax Act, 1961 in India, any individual whose total income during the previous year is greater than the maximum amount not chargeable to tax, are liable to file income tax return (ITR). Who should e-file income tax returns? Assesses with a total sum of income for 5 Lakhs and above. Individual/HUF who are resident [...]

By | February 11th, 2017|Categories: itr|0 Comments

What are long term capital gains? How can you save taxes on it?

Many people get property with the intention of creating cash by commercialism it for a better worth. Since the majority sells their property for a profit, each profitable sales dealing attracts a precise liabilities. The quantity of income tax  to be paid, however, depends on a handful of things. One in all these is that the quantity concerned within the [...]

By | February 10th, 2017|Categories: itr|0 Comments

How can donations or charity receipts help you save taxes?

True charity is that the need to be helpful to others with no thought of any compensation. However, within the world of destiny, what goes around comes around. Therefore, all of your acts of kindness within the type of charity and donations come to you within the type of a tax break. The government on its half permits tax deductions [...]

By | February 9th, 2017|Categories: itr|0 Comments

How to file income tax for start-up?

A start-up company is a business venture which is newly emerging, fast growing and goals to develop innovative product or service to consumers. Start-ups function mostly using latest technologies, telecommunications, internet and robotics. They use innovative methods and techniques to provide the nation with different products, services and processes. Owning a business means remembering two important dates forever which are [...]

By | January 16th, 2017|Categories: itr|Tags: , |1 Comment

Rental income include amounts received for fixed assests

Any individual who is not categorised as an Individual or HUF (Hindu Undivided Family), and who is paying any part of the salary to occupant by method for rent is liable for tax deduction at source only when the total of the amount credited or paid for such rent during the financial year by the aforementioned individual to the record [...]

By | January 11th, 2017|Categories: itr|Tags: , |0 Comments

House Rent Allowance (HRA)- Calculate and avail benefit OF HRA?

House Rent Allowance (HRA) is provided to the employee by the employer to cover the expenses in linkage to the accommodation rent which the employee may incur for his housing purpose. The House Rent Allowance which is waged by the employer to the employee is taxable under the head of “Income from Salaries” to the degree it is not exempted [...]

By | January 11th, 2017|Categories: itr|Tags: , , |0 Comments