Category: Income Tax

In India, whether you’re required to file an Income Tax Return (ITR) depends on your income and filing status. Here’s a breakdown of the main criteria: Additional Points: Here’s a quick table to summarize...

Section 54 of the Income Tax Act, 1961 offers a valuable tax exemption for capital gains arising from the sale of residential property. This exemption can significantly reduce your tax burden when investing in...

This glossary provides an explanation of some key terms you’ll encounter in the Indian Income Tax Act: A B D E G H I L P R S T W The key differences between...