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Unlocking the Secret to Saving TDS on Interest Income: Form 15G & Form 15H Hold the Key

Monika Shanmugam - 0
In the maze of tax regulations, there’s a beacon of hope for taxpayers seeking to minimise their tax deductions on interest income: Forms 15G...

Sam Pitroda Revisits His Statements; Analysis on Inheritance Tax in India

Akash G Varadaraj - 0
Sam Pitroda, chairman of the Indian Overseas Congress, ignited a political firestorm with his recent commentary on inheritance tax. His statements prompted Prime Minister...

Choosing Between Old and New Tax Regime: What You Need to Know

Monika Shanmugam - 0
As the financial year rolls on, many salaried individuals in India find themselves facing a crucial decision: opting for the old tax regime or...

ITR Filing 2024: Salaried Employees’ Flexibility in Tax Regime Selection

Monika Shanmugam - 0
In the intricate maze of tax laws, salaried employees in India navigate between two tax regimes - the traditional and the contemporary, with the...

Advance Tax Paid: Do You Still Need to File ITR? Here’s What You Need to Know

Monika Shanmugam - 0
Filing your Income Tax Return (ITR) is more than just a formality; it's a crucial step in your financial journey. It's the process through...

Tax Department Reveals ITR 2024-25 Updates: Boost for Taxpayers

Monika Shanmugam - 0
The Income Tax Department has laid out its roadmap for the fiscal year 2024-25, focusing on simplifying tax procedures and fast-tracking refunds and appeals. Under...

Tax Dilemma: Choosing the Right Regime

Monika Shanmugam - 0
As the post-election dust settles, a looming question grips salaried individuals: Should they stick to the old tax regime or opt for the new...

CBDT Clarifies HRA Tax Claims: No Retrospective Reviews, Just Routine Check

Akash G Varadaraj - 0
CBDT dispels fears of HRA tax claims, assures only targeted checks. The Central Board of Direct Taxes (CBDT) debunked widespread speculation surrounding the reopening...

Mumbai ITAT Ruling: Taxpayer Obligated to Provide Form 26AS or 16 for TDS Credit Verification

Monika Shanmugam - 0
In a recent decision, Mumbai ITAT emphasised that taxpayers must substantiate their claim of non-receipt of TDS credit by submitting essential documents such as...

Deadline Alert: March 31st Last Day to Submit Tax-saving Proofs for LTA Exemption!

Monika Shanmugam - 0
Salaried individuals, eager to maximise their tax savings, are reminded of the impending deadline—March 31st—to submit essential proofs to their employers for availing Leave...
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