List of Tax Saving Tax Planning Articles

The Indian Tax structure is complex, which is difficult for a common man to comprehend. Many times in absence of proper information and lack of awareness individuals neglect their tax formalities altogether.

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.

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.

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.

According to the Indian Stamp Act, 1899, the Central Government levies stamp duty on the exchange of instruments, where an instrument is defined as any document by which any right or liability is created, or is purported to be created, transferred, limited, extended, extinguished or recorded.

As an earning individual, paying taxes is inevitable. The government uses this amount to pay for the country’s development in various aspects such as healthcare, transportation, defence etc.

A tax refund and a tax return are the most commonly used terms of a tax system. While the taxes could be either the ones paid directly by the taxpayers such as Income tax or the indirect ones such as GST (Goods and Services Tax).

There are many basic taxes in India that people should be familiar with. Irrespective of whether you are a big business owner or an employee of a large organization, it is a must for all to have a basic understanding of taxes. One of these basic taxes is known as the Capital Gains tax. In the times of selling your properties for shares, the most […]

The COVID-19 pandemic has made it abundantly clear that medical expenses are heavy and always on the rise.

Learn about the 5 heads of income tax: income from salary, house property, business profits, capital gains, and other sources. Find out what you need to know!

Discover legal ways to reduce tax liability on investment gains in India. Learn strategies and more in this guide.

As you may be aware, taxes are a vital component of any economy and have a big impact on a nation’s progress and development. This also applies to corporate tax, which is why it is so important for both individuals and business owners to understand how it operates in India. So, let’s discuss this corporate tax meaning in detail. What is Corporate Tax in India? […]

Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with challans can be done offline at the appropriate bank branches or online through net banking. The main distinctions between Challan No. / ITNS 281 and Challan No. / ITNS 280 […]

Get complete details about Section 80GG of the Income Tax Act in India. Learn about the deductions, exceptions, and see an example for better understanding.

Challan is a term used for a measure by which you need to pay taxes to the government. A tax that is paid through a Challan is initially deposited with the authorised banks, and later on, it is deposited with the income tax department. Paying through a challan is possible both online via net banking and offline by challan submission at designated bank branches. The […]