How Senior Citizens Can Reduce Tax On Their Pension Income
During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue
During the sunset phase of your life, you need not lose out on money. Here are suggestions that could help you overcome any such issue
If you have received an income tax notice, there is no reason to panic. Carefully read the reasons for the notification, and respond appropriately.
The change in the tax law brings clarity to prevent the misrepresentation of rental income, which was inadvertently not taxed, according to experts.
The National Pension System offers tax benefits on deposits as well as on withdrawals. This social security scheme is open to the citizens of India, including non-resident Indians, to provide financial security in old age
Section 80D of the Income-tax Act, 1961 allows for tax deduction for senior citizens on medical expenses, whether the expenses were incurred by themselves or their children
The income tax (I-T) department has put in place certain safeguards, including monitoring of high-value transactions, to combat the menace of tax evasion and money laundering.
One has to file an income tax return in case of a tax liability, but in some cases, it is mandatory to file one even when the income is below the basic exemptions limit
Filing income tax returns (ITR) is crucial even if there is no tax liability. Here’s how to your ITR in 10 easy steps online.
Section 139 of the Income Tax Act governs the filing of income tax returns by every individual with income above the basic exemption limit.
The last date to file an income tax return (ITR) without a late fee is July 31; all resident Indian citizens with taxable income must file their tax returns.
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