Salary Income
- In simple term, what does "Income From Salary" consist of?
- What does the term "profits in lieu of salary" mean?
- What does the term "perquisites" signify in the context of employment?
- How can I distinguish whether the income I receive regularly at specific intervals should be classified as salary income, income from other sources, or business income?
- I am the organization's Director. Do I have to pay taxes on my company's salary as income?
- Is the income received by the Managing Director of the company to be taxed as Income from ‘Salary’?
Rental or Other Income
- What exactly is "house property income"?
- What does "House Property" mean?
- How do I find out if the income from any of my properties is taxable as 'income from house property?'
- If I gift my house to my spouse, and we still live together, will the income from the house property be taxed in her name?
- If I gift my house to my spouse after deciding to live apart, will the income from the house property be taxed in her name?
- If I transfer my house to my unmarried minor child, will the income from the house property be taxable in his hands?
Sale of Immovable Property
- How do I report capital gains in my ITR?
- I used the money from the sale of a residential property to buy a new house for my wife and me. Can I claim the exemption under Section 54?
- When capital gains from the transfer of several properties are invested in one residential property, can an exemption under sections 54 and 54F be claimed?
- Due to the implementation of section 50C of the Income Tax Act, my capital gain is calculated at a higher amount than the actual profit I made from the sale of my asset. Do I qualify for the complete exemption of such deemed capital gains?
- I sold a builder my old house In exchange for a brand-new home in a different building. Will I be able to claim the exemption u/s. 54?
- Can I claim tax benefits U/s 54, if I have sold my residential house and invested the entire proceeds in purchasing a new house from a builder, but have not received possession of the new house yet, even though an agreement of sale is registered?
Business Income
- What is the Presumptive Taxation Scheme (PTS) for Professional and who can benefit from it?
- What comprises the legal framework of the presumptive taxation scheme?
- Who is eligible to use Section 44AD's presumptive taxation scheme?
- Who are not eligible to claim benefit U/s 44AD presumptive taxation scheme?
- Does section 44AD's presumptive taxation scheme apply to insurance agents?
- Is it permissible for an individual with an annual turnover or gross receipts exceeding Rs. 2,00,00,000 to opt for the presumptive taxation scheme U/s 44AD?
Exempt Income
- What is the difference between exempt income and taxable income?
- I am a farmer. Is my income from agricultural activities taxable?
- Is animal husbandry income classified as agricultural income under the Income Tax Law?
- As a farmer, am I required to maintain proof of earnings and expenditures relating to agricultural income?
- How is the remuneration received by MLAs / MPs / elected representatives in India taxed?
- Are MLAs / MPs / elected representatives eligible for the same tax exemptions and deductions as employees and professionals in India?
General Information
- How do I link my PAN with Aadhaar?
- How do I file ITR for income from multiple employers?
- How do I file my income tax return online?
- What is the deadline for filing income tax returns for FY 2023-24?
- What are the repercussions of not filing a tax return within the specified timeframe?
- What do you mean by Income-Tax?
New Tax Slabs, Old Slabs Intt rate etc
- What are the Tax Slabs under the New Tax Regime for FY 2024-25 and FY 2025-26?
- How can senior citizens benefit from tax provisions?
- What is the method for calculating and payment of advance tax?
- How do I compute TDS?
- What is the age criteria for claiming benefits of senior citizen and very senior citizen?
- What is the maximum fee payable under section 234F?
Deductions
- How do I Claim deductions for Tax Purpose?
- Can I claim deduction for my personal and household expenses?
- How can I maximize my tax savings with the help of Sukanya Samriddhi Yojana (Scheme)?
- When can I close Sukanya Samriddhi Account prematurely?
- If I fail to deposit minimum amount of Rs. 250/- in a year in Sukanya Samriddhi Account, then what will be the procedure to reactivate the account?
- What happens in the case of the death of the Sukanya Samriddhi Account Holder / Depositor (i.e the guardian or parent of the girl child)?
Forms under Income Tax
Website related
- I am a non-resident Indian. Is it still possible for me to file my tax return with you?
- Is assistance and support available when I file my taxes using your website?
- Is it possible for me to file my return even if I don't have my Form-16?
- What are the fees for filing Income Tax Returns (ITRs)?
- How long would it take to file my Tax Return?
- How much time it takes to generate the acknowledgement for the return?