Beware! Claiming False HRA While Filing ITR Could Cost You THIS Much: Check Here | Personal Finance News

New Delhi: Employers deduct House Rent Allowance (HRA) from salaries and you can find this information in Part B of Form 16 when you file your Income Tax Return (ITR). HRA is an important component of a salaried individual’s income and it provides significant tax-saving benefits under the Income Tax Act. It’s important to note […]

ABHISEK RAJPUT

June 21, 2024

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ITR 2024: Can You Save Up To Rs 1.8 Lakh On Tax By Paying Rent To Your Wife? Check Details | Personal Finance News

New Delhi: The deadline to file Income Tax returns is approaching on July 31, 2024. Taxpayers are in a hurry to secure refunds for taxes paid in the last financial year. To avoid the last-minute rush there are several strategies taxpayers can employ to save on taxes. To opt for long-term investment plans such as […]

ABHISEK RAJPUT

July 3, 2024

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Budget 2024: House Rent Allowance Should Be Extended To New Tax Regime | Personal Finance News

New Delhi: With just a few days to go for the Union Budget 2024, the common man’s wishlist centres around FM Nirmala Sitharaman’s announcement for a more equitable and efficient tax regime.  The Budget will be presented before the Lok Sabha on July 23. Raghunathan Parthasarathy, Partner, Corporate Tax, Tax & Regulatory Services, BDO India listed […]

ABHISEK RAJPUT

July 10, 2024

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