Personal Loans

Income Tax

Know Details About Section 50 of The Income Tax Act

Assets can be classified as ‘short term capital assets’ and ‘long term capital assets’ base... Read More »

Income Tax

Intimation Notice under Section 245 of Income Tax Act: Adjusting Outstanding Tax Demand from the Taxpayer

Getting an intimation notice under Section 245 of Income Tax is just the Income Tax depar... Read More »

Personal Loans

How to Apply for Personal Loan for Salaried Employees in India?

Personal loans are unsecured loans that can be availed of by both salaried and self-employed profes... Read More »

Form 16 is an essential document a salaried individual will need while filing IT returns.

Income Tax

How to File Form 16: Everything You Need to Know About Form 16

An employer issues Form 16 to all their salaried employees. This document proves TDS deduction from... Read More »

Section 80QQB provides deduction against royalty income

Income Tax

Section 80QQB of Income Tax — Deductions on Royalty Income

Authors get a percentage of profit from the publishers upon the sale of their books. This percentag... Read More »

Income Tax

5 High-Value Transactions Income Tax Department Can Investigate

The Income Tax Department traces all transactions so that they can curb black money transactions an... Read More »

Income Tax

Section 32AD of the Income Tax Act: Investments in Notified Backward Areas in India

The Government of India aims to develop every backward region in the country irrespective of how re... Read More »

Income Tax

5 Other Sources of Income You Must Pay Tax On: How To File ITR, Deductions And Exemptions

The Income Tax Department has classified income into various 5 heads - income from salary, capital ... Read More »

Income Tax

ITR for Business Income: Tax Rates, Requirements And Due Dates

India has seen significant growth in businesses, especially startups, over the last few years. In f... Read More »

Banking

What is Capital Loss: Its Different Types and Compulsory Filing of ITR

A capital loss occurs when the selling price of a property is lesser than the purchase cost and cos... Read More »

Income Tax

Know Everything about Rule 6DD of Income Tax Act

According to Rule 6DD of Income Tax Act, one can make cash payments of upto Rs. 10,000 only on ... Read More »

Home Loan

Patta Chitta: How To Check Tamil Nadu Land Record Online

Patta and Chitta are land certificates in Tamil Nadu containing plot details, such as their ownersh... Read More »

Income Tax

What Is Self-Assessment Tax: Calculation And How To Pay It Online

At the end of a financial year, a taxpayer has to check if there is any pending tax which should be... Read More »

Income Tax

Tax Benefits Under National Pension Scheme (NPS) Explained

The National Pension Scheme was launched by the government in 2004 and has been one of the most pre... Read More »

Income Tax

Section 250 Of The Income Tax Act: Procedure In Appeal, Provisions And Sub-Sections

Section 250 of the Income Tax Act, 1961, talks about the procedure in appeal by a person denying li... Read More »

Income Tax

A Detailed Guide on Section 35D of the Income Tax Act

Section 35D of Income Tax Act enables people to seek tax deductions for preliminary expenses. On... Read More »

Income Tax

What Is Section 143 (1a) Of The Income Tax Act: What To Do After Receiving a Notice Under Section 143(1a)?

Section 143(1a) intimation is notified to taxpayers when there’s a discrepancy between the income... Read More »

Income Tax

Section 115BAB Of The Income Tax Act: Meaning, Tax Rates, Provisions And Eligibility Criteria

The Taxation Laws (Amendment) Ordinance, passed on September 20, 2019, introduced Section 115B... Read More »

Income Tax

What Is Section 143 Of The Income Tax Act: Detailed Explanation On Sections 143(1),(2),(3) And Deadlines

Section 143 of the Income Tax Act is an autogenerated intimation message sent to the taxpayer if th... Read More »

Income Tax

Section 140A Of The Income Tax: How To Self-Assess Your Tax Amount

The Income Tax Department makes it mandatory for Indian citizens to make a self-assessment of all t... Read More »

Income Tax

How To Save Tax On Capital Gains Tax: Types Of Capital Gains And Tax Rates

Capital gains are an important source of income. Profit gained from selling a capital asset (jewell... Read More »

Income Tax

A Detailed Guide on Sources of Revenue for the Government of India

India, which boasts of a massive young population, is one of the world's fastest growing economies.... Read More »

Income Tax

Perquisites In Income Tax: Section 17(2) of The Income Tax Act

Perquisites are non-monetary benefits provided to an employee by the employer. These can vary depen... Read More »

Income Tax

Section 94A of Income Tax Act: Foreign Tax Jurisdictions

The Government of India introduced Section 94A of the Income Tax Act in 2011 to take action against... Read More »

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