As per the provisions of Section 64 of Income Tax Act, any income which arises to the spouse from the asset gifted from time to time is required to be clubbed with the income of the spouse who had made the gift
One has to be aware of the stamp duty valuations of a piece of property when entering into any purchase or sale of property in India.
As per the provisions of Section 64 of Income Tax Act, any income which arises to the spouse from the asset gifted from time to time is required to be clubbed with the income of the spouse who had made the gift
Income Tax Return: The salaried individuals who live in rented accommodation can use the House Rent Allowance (HRA) component in their salary package to deduct their tax outgo while filing ITR.
The department clarified that when these taxes are separately disclosed on invoices, then they have to be deducted before calculating the TDS
If you are planning to file your tax return under the old regime, it would pay to look deeper into your finances
The Income Tax Department rolled out the new AIS on the Income Tax on the income tax compliance portal. It provides a comprehensive view of information to a taxpayer relating to interest, dividend, securities transactions, mutual fund transactions, foreign remittance information etc.
There are six ways to verify an ITR. Five can be done electronically and one is done offline
Government plans to tax cryptocurrency gains in Budget 2022
Income Tax Department said that taxpayers can file ITR online using the e-filing portal http://incometax.gov.in.
© 2018 CA Chandan Agarwal. All rights reserved.