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”
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]
HDFC Best Price Save Smart Credit Card another great credit card specifically for the customers of Walmart supermarket, which is popularly known as ‘Best Price’. This card is designed for the customers of Best Price. Some people know it – HDFC Bank-Walmart Credit Card. HDFC Bank assumes to grab around 22% of members holder’s best … Read more How HDFC Best Price Save Smart Credit Card benefits the user!
Today I’m going to show you exactly how to verify income tax return using pre-validation. E verification of ITR is mandatory otherwise it will be treated unfilled. Once your ITR is uploaded on the e-filing website, you get 120 days to verify your return. ITR form asks the taxpayer before the commencement of filling your return to “select … Read more How to verify income tax return – Awesome! (6) Easy Ways
Looking for long term capital gain tax calculator in excel, you are at the right place. LTCG Tax is popularly known for the sale of the property, agriculture land or any Equity-linked shares, which was held for more than 24 months. In easy terms, if the difference of purchase of any assets and sales for … Read more Long Term Capital Gain Tax Calculator in Excel
What is House Rent Allowance (HRA) House Rent Allowance is the part of salary every employee gets from their employer which is clearly shown in the salary slip. House Rent Allowance (HRA) is given to meet the cost of rent paid by the employee for his stay. The Income-tax department allows the employee for House … Read more How HRA Tax Exemption is calculated u/s 10(13A)? – Calculation Guide
Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89“. This article is all about “How to calculate income tax … Read more How to claim relief under section 89(1) on salary arrears – Download Excel Calculator