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After making a bank fixed deposit, make sure you submit Form 121 if the interest income exceeds the specified threshold limit. Otherwise, the bank will deduct the tax deducted at…
The first advance tax instalment deadline of FY 2026-27 falls on June 15, by which eligible taxpayers are required to pay a portion of their estimated tax liability for the…
The ₹7 lakh tax rebate introduced under the new tax regime during the Union Budget 2023 was widely viewed as a measure to reduce the tax burden on middle-income taxpayers.…
As the income tax return (ITR) filing season for AY 2026-27 is underway, taxpayers choosing the new tax regime should understand the list of exemptions and deductions available to them…
Income tax return (ITR) filing season is currently underway and all tax return forms for financial year 2025-26 (AY 2026-27) have been notified by the income tax department. However, many…
Many investors receive benefits from their stock holdings in the form of dividend income or bonus shares. While these may seem like attractive rewards, they come with certain tax implications…
Income Tax Return (ITR) filing for AY 2026–27 is underway, and taxpayers must keep key financial documents ready before filing their returns. These documents are useful for reporting income, verifying…
This becomes even more important for taxpayers with relatively complex financial lives. Multiple bank accounts, capital gains, dividend income, freelance receipts, multiple employers, foreign assets, large investments or multiple TDS…
An individual can claim a tax deduction under Section 80GG of the Income Tax Act 1961 or under Section 134 of the Income Tax Act 2025. Source link