The Income Tax Department has activated online filing for ITR-5 and ITR-7 forms, pre-filled with data, on its official website. ITR-5 and ITR-7 forms are meant for specific categories of taxpayers and ...
The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...
Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...
In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.
It’s not that people are shirking their responsibilities, rather it is the gut-wrenching fear of filing a clerical error and ...
Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...
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HUF Tax Benefits: How Hindu Undivided Families Can Save More Under Indian Income Tax Rules
The concept of a Hindu Undivided Family (HUF) has been part of Indian tradition for generations. Reflecting this cultural practice, India’s income tax system also recognizes HUF as a separate entity ...
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