January 31, 2022

Claiming HRA and home loan income tax benefits simultaneously – Explained

There is no restriction on you claiming HRA while claiming tax benefits in respect of home loan, provided some conditions are satisfied

CA Chandan Agarwal's Office
January 30, 2022

ITR filing: Is it wise to pay home loan EMI and avoid income tax outgo?

ITR filing: It would be naive to just base the decision of a home purchase simply on the amount of income tax that a person saves, believe tax and investment experts

CA Chandan Agarwal's Office
January 29, 2022

Rajasthan HC quashes 471 Reassessment Notices issued before Insertion of Section 148A in Income Tax Act [Read Judgment]

Rajasthan HC quashes 471 Reassessment Notices issued before Insertion of Section 148A in Income Tax Act [Read Judgment]

CA Chandan Agarwal's Office
January 28, 2022

Budget 2022 wishlist for NRIs: New Income Tax Return Form, Rules for Over Rs 15 lakh Income and more

Budget 2022 for NRIs (Expectations): End of the stringent rules for NRIs having taxable income of over Rs 15 lakh in India and new Income Tax Return (ITR) Form for them

CA Chandan Agarwal's Office
January 27, 2022

Budget 2022: Five things FM Sitharaman can do to make life easier for income tax payers in India

The new tax regime for individual tax payers was introduced on optional basis with a view to simplify the process for the taxpayers by keeping the tax rates low while eliminating many of the exemptions and deductions

CA Chandan Agarwal's Office
January 26, 2022

Budget 2022 expectation: Unify the old and new income tax regime, make tax forms simpler

A lot of expectations from the Budget 2022 is there, experts believe that it is good time to do the course corrections

CA Chandan Agarwal's Office
January 25, 2022

Income Tax Slab, Rates Changes Expected in Budget: Will Basic Exemption Limit of Rs 2.5 lakh Increase?

Income Tax Slab, Rates Changes Expected in Budget 2022: A lot of relief on the income tax front is expected by taxpayers from the Union Budget 2022.

CA Chandan Agarwal's Office
January 24, 2022

Why Does Subramanian Swamy Want Income Tax To Be Abolished? Find Out Here

Income Tax: Subramanian Swamy said that the savings of the households across the country have fallen due to high taxes. This has led to a lower investment, hurting the economy.

CA Chandan Agarwal's Office
January 23, 2022

Union Budget 2022-23: Taxpayers may get incentives for moving to new income tax regime

The government may announce some incentives for taxpayers for moving to the new income tax regime in the upcoming budget. Here is all you need to know.

CA Chandan Agarwal's Office
January 22, 2022

Union Budget 2022-23: Here’s what salaried class expects from govt

While taxpayers will be happy to have more money in hand, they won’t mind an increase in deduction available under section 80C of the Income Tax Act.

CA Chandan Agarwal's Office