E-verification of ITR: know about new rules
The e-verification of ITR is mandatory after filing the Income Tax Return for the relevant financial year. What is Income Tax Return? Income Tax Return (ITR) is a form that …
Income Tax
Important National Pension Scheme (NPS) withdrawal Rules
The NPS withdrawal rules are applicable on premature as well as mature exit by the NPS subscriber. This, however, depends on various terms and conditions. National Pension Scheme is a …
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Taxability of Dividend Income: Everything You Need to Know
There was exemption on the taxability of dividend income for shareholders till the Assessment Year 2020-21. Accordingly, the companies were liable to pay taxes on such dividend income. Taxability of …
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Know about TCS on Foreign Remittances
The concept on TCS on foreign remittances made through the Liberalised Remittance Scheme (LRS) was introduced in the Finance Bill, 2020. Consequently, this concept has come into effect from October …
Know the important differences between updated return & revised return
Updated Return & Revised Return are major parts when it comes to filing of Income Tax Return. And, the concept of updated return was introduced recently through the Union Budget, …
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Know rules related to premature withdrawal of fixed deposits
Premature withdrawal of fixed deposits, as the name suggests is withdrawing the amount of the fixed deposits before their date of maturity. If you withdraw FD before its date of …
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Tax Benefits for Education: You Need to Know Everything
The tax benefits for education are enlisted under two main provisions of the Income Tax Act – Section 80C and Section 80E. Both of these sections not only provide tax …
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EPF vs PPF – Which One Is Better For Saving Money?
Understanding the difference between EPF vs PPF is essential because both of these scheme are the major tax saving schemes. While one is Employees’ Provident Fund, the other is Public …
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Tax Benefits on Home Loan: Know More at TaxHelpdesk
On purchase of residential property through a home loan, one can save taxes through Section 24, Section 80C, Section 80EE and Section 80EEA of the Income Tax Act. Time and …
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Know incomes free from taxes in India
It is said money saved is money earned and who does not like to earn money, if not saving. In this blog, we will tell about the incomes that are …