Income Tax & ITR Filing Guide
How to Manage Corporate Director Disclosures in Personal Income Tax Filing Forms
Learn how directors can correctly manage corporate disclosures during income tax filing, including DIN, shares, valuation, and ITR 3.
Managing corporate disclosures while preparing your personal income tax return can feel like a small compliance formality, but it is one area where mistakes can create unnecessary notices and questions from the Income Tax Department. If you are a company director, disclosures relating to your directorship, DIN, shareholding and income...
Read More
How to Set Up an E-Proceeding Response on the Incometax Efiling Portal
Learn how to submit an e-Proceeding response through incometax efiling, upload proofs, communicate with tax officers, and manage notices.
Receiving an income tax notice can make any taxpayer nervous, especially when the notice asks for documents, explanations, or clarification within a specific time. The good news is that most such communications can now be handled online through the Income Tax Department's e-Proceedings facility. With proper preparation, incometax efiling makes...
Read More
Can You Claim Tax Benefits on Personal Loans? Find Out Before Your Next Income Tax Return
Can a personal loan reduce your tax liability? Learn when personal loan interest qualifies for deductions before filing your income tax return.
Taking a personal loan is common in India, but many taxpayers are unsure whether the interest paid on that loan can reduce their tax liability. The answer is: sometimes, but not simply because the loan is called a “personal loan.” For your income tax return, what matters most is how...
Read More
A Comprehensive Manual on Tax Credits: Ensuring Every Cent of TDS Counts in Your Return
Learn how to claim every TDS credit correctly in your return of income, fix mismatches, avoid lost credits, and maximise your tax refund
Why Your TDS Credit Deserves AttentionPaying tax through TDS feels effortless because the tax is deducted before the money reaches your bank account. But when it is time to file your return of income, that deducted amount must be correctly reflected and claimed. A small mismatch in PAN, TAN, income...
Read More
A Deep Dive into Section 54: How Reinvesting Property Gains Saves on Your Income Tax Return Filing
Learn how Section 54 helps reduce tax on property gains through residential house purchase, CGAS, timelines and smart income tax return filing.
Selling a residential property can create a sizeable long-term capital gain, and that gain can significantly affect your income tax return filing. The good news is that the Income-tax Act provides relief when you reinvest eligible property gains into another residential house. This is where Section 54 becomes important. If...
Read More
How to Claim Deductions for Donations Under Section 80G via E Filing of Income Tax
Learn how e filing of income tax helps claim Section 80G donation deductions, including eligibility, limits, receipts, Form 10BE and common mistakes.
Donating to a genuine charitable organisation is not only a meaningful way to support society; it can also provide a tax benefit under Section 80G of the Income Tax Act. However, simply making a donation does not automatically mean that you can claim a deduction. You need to donate to...
Read More
