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TDS & TCS both are direct taxes that are taxed on the income which the person earns. Having stating that, both being the direct taxes often create confusions in the … Difference between TDS and TCS easily explained Read More »

what is PAN Registration, Utility, And its structure ? We have a perception that the best ways to save taxes in India are just under Section 80C. However, that is … Best Ways to Save Your Taxes in 2022! Read More »

Section 80C and its allied sections allow a maximum deduction of up to Rs. 1.5 lacs every year from the taxpayer’s total income and an additional deduction amount of Rs. 50,000 can be claimed under Section 80CCD(1b).

Mutual fund taxation is dependent on two factors namely: type of the mutual fund and duration of the mutual fund. There is a well-known proverb that the person should not … All you need to understand about mutual fund taxation SIP Read More »

There is no change in income tax slabs for the Financial Year 2022-23; Assessment year 2023-2034. Income Tax is charged on the persons as per the income(s) earned by them … Know about the income tax slabs FY 2022-23 | FY 2021-22 Read More »

Generally, Income Tax Return is to be filed by the individuals, if their income exceeds the threshold limit of Rs. 2.5 lacs, set up by the Ministry of Finance, Government … Know Reasons Why You Should File Your Income Tax Return Read More »

The treatment of Income from the transfer of shares can be under the head either “Income from Business” or “Income from Capital Gains”. People make Investments for the purpose of generating more … How to Treat Income from Transfer of Shares? Read More »

The person has to pay TDS late filing fees under Section 234E, if he fails to file the TDS Return or does file the return within the due date. Apart … Penalties on late filing Fees easily explained by TaxHelpdesk Read More »