Where to fill home loan interest in ITR 1? most of the taxpayer (mostly first-time users) really are confused. Income tax department grant relief for the taxpayers especially for those like salaried employees, self-employed or a small business person having a home loan. The home loan consists of two parts. Principal amount Intrest amount The … Read more Where to Show Housing loan Interest in ITR-1?
Income tax return of minor in India, what is minors according to income tax? – Any person under the age of 18 is considered a minor age for income tax in India. If you dive deep the tax implication in case of minor income is not so complicated. The income tax department doesn’t restrict you … Read more Minor Income tax return in India + What is Clubbing of income of Minor?
Excel based Income Tax Calculator for FY 2020-21–AY 2021-22 Budget 2020, bring two tax regimes, somehow benefit certain income taxpayers and drag additional tax from certain taxpayers. From the middle-class taxpayers, the choice is yours. This excel-based Income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit, … Read more Download Excel based – Income Tax Calculator for FY 2020-21 [AY 2021-22]
How to Fill Short Term Capital Gain in ITR-2 AY 2019-20 sounds complicated, which it really is, the whole capital gain sheet in ITR-2 consists of sections and subsections. ITR form Schedule CG (Capital gain) sheet only allows the user to enter their Short term and Long term capital gain details. Section A – For … Read more How to Fill Short Term Capital Gain in ITR-2? (Step by Step Guide)
Income from other sources under Income tax act is the head of the income which is unidentified or such income which can consider all the different sources of income that do not fall under other heads such as income from salary, or house property or capital gains. ITR Form I – VI, there is a … Read more Meaning and taxation on “Income from other sources”
Excel based Income Tax Calculator for FY 2019-20 – AY 2020-21 This excel-based Income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit and bank interest, house rent and capital gains (short and long term gains). Highlights of Changes in FY 2019-20 in Income Tax return Form: … Read more Download Excel based – Income Tax Calculator for FY 2019-20 [AY 2020-21]
Major Portion of Indian Economy includes “Agriculture portion”. What would be the treatment of income tax on agricultural income? Most of the people still including farmers are unaware of the taxation system and ignore to fill income tax return. Although Agriculture income is exempt under section 10(1) of the Income-tax Act. Income incurred from agriculture up … Read more Treatment of Taxation for “Agriculture Income” – Complete Guide
Almost every Indian wondering and debating How to Multiply Money in India, the approach for this question for every person is different according to their core profession. Some are already in the small or middle scale business, Some are self-employed, some are employees, some still wondering to do something for living. If you want … Read more How to Multiply Money in India – [PROVEN ways]