Income Tax
Tax Exemption Right with Form 10-IB: Know Everything About Tax
To provide entrepreneurs with a lower tax rate, the Central Board of Direct Taxes created Form 10-IB. Individuals and Hindu undivided families who do...
Income Tax
What to Do In Case of a Pending Income Tax Refund?
Taxpayers who invest wisely to claim deductions always await the refund which is furnished by the income tax authorities. For the uninitiated, the Central...
Income Tax
Know All About Section 80 CCD (1B) Deduction
Everyone wears a disgruntled look when it comes to levying taxes on salaries. There are several options to consider to avail of tax deductions....
Income Tax
Are Pensions Taxable in India?
Pensions serve as a source of a monthly income given to retired persons. Such individuals have the choice of requesting the entire annual pension...
Income Tax
Know All About Tax on Inheritance in India
India’s 1961 income tax act clearly states that any asset that is inherited, whether fixed or movable, is not subject to tax payment. In...
Income Tax
Everything about the 7th Pay Commission House Rent Allowance
Employees of the Central Government are eligible for house rent allowance in accordance with the city in which they reside. The cities are segregated...
Income Tax
Who is an Assessing Officer? Importance & Purposes Explained
The Assessing Officer is a government official who performs all powers assigned under the Income Tax Act. In general, they prepare books of accounts,...
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