financial services · Income Tax · income tax return · Our Services · Taxation

Claiming Deduction, but not under Section 80C

Generally, many of us claim Tax Deduction under section 80C, but there are other sections too, under which you can claim the deduction and save taxes. Here is detailed information about those sections: – SECTION 80U This section of Income Tax Act came into being on 1st April 2004, this section talks about the tax… Continue reading Claiming Deduction, but not under Section 80C

financial services · Taxation

Deductions Specified For Differently Able Citizens On Filing Income Tax

The Indian government has prescribed some deductions on their tax return online to share the misery of differently able persons. Section 80U and Section 80DD prescribes deductions are tailored specifically for the disabled persons. Section 80U describes deductions made for the working disabled persons and 80DD describe taxation relies on the persons who maintains a… Continue reading Deductions Specified For Differently Able Citizens On Filing Income Tax

financial services · Taxation

Expectations and Affects of Goods and Services Tax

GST tax is going to be implemented  by late 2017 as expected by now and there are many questions related to this new change is arising in everyone’s mind. The questions related to taxation is the bigger one dominating taxpayer’s mind. Well the effect will be huge as the whole structure is going to be… Continue reading Expectations and Affects of Goods and Services Tax

financial services · Taxation

Income Tax Benefits of Registering Business As A Proprietorship

Online income tax return filing structure is important to decide before starting a new business. There are many business tax structures exist in India, from which you need to select one according to your business need. If it’s a start-up business then the best thing is to register it as a sole proprietorship as that… Continue reading Income Tax Benefits of Registering Business As A Proprietorship

financial services · Taxation

Some Lesser-known Incomes That Have No Income Tax Liability

The current financial year is about to end in a few months and people will be start filing online it return to keep their financial status secure. So before you start with your tax filing, you might like to know about some type of incomes that are exempted from all tax liability. These incomes are… Continue reading Some Lesser-known Incomes That Have No Income Tax Liability