Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.
Learn why tax planning is crucial for long-term investments. This guide explores tax-efficient strategies that can optimize returns and reduce liabilities over time.
This comprehensive guide explains everything you need to know about ELSS mutual funds, including tax benefits under 80C, lock-in period, risks, and investor suitability.
Understand the concept of Angel Tax, its impact on startup funding, and how it influences investments from angel investors. Learn more with India Infoline.
Patta Chitta is a land ownership record kept by the Tamil Nadu government. Learn more about Patta Chitta and its importance in this quick guide by India Infoline.
At the end of the financial year, every earning individual has one thing on their mind: income tax filing.
The tax structure in India is a three-tier which includes the Central Government, State Governments and Local Authorities.
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 […]
In India, Income Tax remains a puzzling ordeal to regular citizens who earn and are liable to pay taxes.
What is Advance Tax Late Payment Interest? Advance tax is also referred to as the pay-as-you-earn tax system that necessitates taxpayers to remit taxes beforehand in installments on specified dates designated by the tax authorities. Familiarizing oneself with these dates and ensuring timely payments is crucial. Any individual or business liable to pay taxes exceeding Rs.10,000 in a fiscal year must comply with advance tax […]
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. What is a Revised Return? The Income Tax Act, 1961, Section 139(5) permits taxpayers to present a revised return. This provision empowers them in rectifying errors or […]
This is a common problem when you use the right form but make mistakes in filling up the form or omit important items. However, you don't need to worry as the tax department gives you the option to rectify your error under section 154. The process is quite simple, Just log in to the e-filing portal and under the rectification tab, choose the order/intimation to be rectified and the assessment year.
India's Foreign Trade Policy also known as Export Import Policy (EXIM) in general, aims at developing export potential, improving export performance, encouraging foreign trade and creating favorable balance of payments position.
‘What is windfall tax?’ is probably one of the most asked questions on the web. Some taxes are charged just once, one such tax that falls under capital gains tax is the windfall tax. Gains from the sale of a capital asset are commonly referred to as capital gains and are payable to capital gains tax. A capital asset is any kind of real estate, […]
One of the first documents that we are supposed to check when filing tax returns is the Form 26AS. This is automatically uploaded by the Income Tax department into your secured PAN access area in the e-filing website. Form 26AS is not only an important document but also one of the most authentic records of how much tax has been deposited by your deductor into the government account.
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