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ITR filing: Generally, salaried individuals receive Form 16 from their employer on or before the 15th of June of the assessment year. (Mint)

ITR filing: ITR 1, ITR 2, ITR 3, or ITR 4? Which income tax form applies to you?

2 min read . 01 Jun 2023

A TRP, as per official rates, can charge a maximum of Rs250 for filing one ITR. Photo: iStock

Do you have to file an ITR when you do not have any tax liability?

4 min read . 01 Jun 2023

After abolition of the Gift Tax Act, the liability to pay tax on gift is on the recipient of the gift and the donor does not have any tax liability.

How income tax rule implies on gifts given from PPF maturity amount?

1 min read . 27 May 2023

ITR filing: Every salaried individual generally receives Form 16 from their employer on or before the 15th of June of the assessment year. (iStock)

ITR filing: Waiting for your Form 16? Here is what you need to know

3 min read . 26 May 2023

Filing ITR allows you to calculate the amount of tax due to the government or the prospective tax refund from tax-saving investments.

What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?

16 min read . 20 May 2023

Income tax rebate under Section 80EEA can be claimed when home loan has been taken from a bank or a housing finance company.

ITR filing: Income tax exemption, deduction that home loan borrowers should know

1 min read . 11 May 2023

Should NRIs file ITR for meagre income?

Should NRIs file ITR for meagre income?

1 min read . 08 May 2023

Property sales in Bangalore have clearly been the saving grace for the sector for a few quarters now. Sobha Developers Ltdand Prestige Estates Projects Ltd, according to analysts, may not have performed as well as in the March quarter but would have still fared better than their Mumbai and NCR counterparts, say analysts. Photo: Ramesh Pathania/Mint (Ramesh Pathania/Mint)

Understanding property taxes: What homeowners need to know?

2 min read . 08 May 2023

Income tax rules: Against your rental income of Rs. 1.80 lakhs, you will get a standard deduction of Rs. 54,000/- leaving Rs. 1.26 lakhs. (iStock)

ITR filing: Tax rules on income from house property that your should know

1 min read . 06 May 2023

CBDT has released excel utilities for filing ITR 1 & 4, for AY 2023-24 on 25th April, 2023.

IT department enables offline format of ITR-1 and ITR-4 for AY 2023-24: Who is required to file?

9 min read . 28 Apr 2023

Income tax rules: Children can not claim deduction for payment of life insurance on the policies of their parents.

What income tax rule says on premium paid for life insurance policy of spouse

1 min read . 28 Apr 2023

ITR filing: In case the house is sold after 24 months, you are allowed take indexed cost as your cost of acquisition for computing long term capital gains. (iStock)

How income tax rule applies on residential house proceeds — explained

2 min read . 25 Apr 2023

FILE - The Internal Revenue Service 1040 tax form for 2022 is photographed, Monday, April 17, 2023. (AP Photo/Jon Elswick, File) (AP)

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Muse Tax, Built on OpenAI’s GPT, Targets Tax Codes

3 min read . 18 Apr 2023

Income tax rule: If you have shown it on accrual basis, you can start offering the interest income from NSC from second year onward on accrual basis and claim the 80C deduction, says Balwant Jain. (iStock)

NSC interest declaration: What income tax rule says while ITR filing — explained

2 min read . 18 Apr 2023

In the income tax return, all sorts of properties are taxed under the head income from house property.

Residential vs Commercial: Tips to optimize your property taxes in FY24

9 min read . 14 Apr 2023

ITR filing: Stock market investor cannot set off long-term capital losses against short-term capital gains whereas short-term capital losses can be set off against either short-term capital gains or long-term capital gains.

How loss harvesting in IT stocks may help you contain income tax in FY24

7 min read . 14 Apr 2023

How are NRIs taxed on foreign income in Indian accounts?

1 min read . 10 Apr 2023

Tax savers should allocate their investments more wisely now that the new fiscal year, FY24, has already started in order to both fulfil their financial objectives and reduce their tax liability.

How to optimise tax savings under the new tax regime in FY24?

7 min read . 09 Apr 2023

Individuals should be aware of the taxability of any retirement benefits they receive, including gratuity, commuted pensions, leave encashments, GPF, retirement plans, social security benefits, etc.

Are retirement benefits taxable? How retired employees can file ITR in FY24?

12 min read . 08 Apr 2023

Income tax rule: As per the provisions of Section 64 of Income Tax Act, when an asset is gifted by one spouse to another, any income arising on such gifted property is required to be clubbed with the income of the spouse transferring such asset. (iStock)

How income tax rule applies if husband buys plot in the name of his wife?

2 min read . 08 Apr 2023

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