Income tax (IT)

Section 80EEB of the Income Tax Act In this post, we'll talk about Section 80EEB - Deduction for purchasing an electric vehicle and its benefits. Where we will take a close look at each section in detail: Introduction Section 80EEB eligibility Conditions to

Guide to ESOP with taxability In this post, we'll talk about ESOP, including its taxability, benefits and other important points. Where we will take a close look at each section in detail: What are ESOPs? Some key terms Benefits of

New update on ITR e-verification In this post, We'll discuss the latest update on ITR-filing. The Central Board of Direct Taxes has reduced the time period from 120 days to 30 days for verifying ITRs filed after August 1, 22. Let's

Old VS New Income Tax regime - Which one will you opt? In this post, we will discuss the difference between the Old vs New Income tax regime. The Finance Budget 2020 had proposed a new alternate income tax structure for

Things you need to know about National Pension Scheme and its taxability In this post, we'll talk about the National Pension Scheme (NPS), including its taxability, benefits under NPS and other important points. Where we will take a close look at

Overview of form 15CC In this post, we'll talk about Form 15cc, including its Prerequisites for availing this service, its purpose and how to access and submit the form. We will take a close look at each section in detail:Prerequisites for

Important changes in income tax rules In this post, we'll talk about the 7 important changes in income tax rules effective from April 1, 2022. In that, we will discuss the following changes in detail: Crypto tax IT Return: Filing an

Form ITR-U ( Income tax updated return) - Latest updates In this post, we'll talk about Form ITR-U, including its eligibility, deadline and other important points. Where we will take a close look at each section in detail: What is ITR-U?

Form 61A - A complete guide In this post, we'll talk about including its application, deadline, penalty, and other points. Where we will take a close look at each section in detail:What is Form 61A?Who has to file Form 61A?ApplicabilitySpecified Financial

Tax collected at source in income tax In this post, we will look into Tax collected at source (TCS), Meaning, Due Date, Penalty and other TCS related concepts: We will cover the following topics: What is TCS? Meaning of TCS Goods covered