80G donation limit for salaried person Introduction When it comes to saving tax, charitable donations can be a powerful tool. The Indian Income Tax Act provides several provisions to encourage taxpayers to contribute to charitable causes. One of the most […]
Section 80GG deduction under Income tax act Introduction In India, the cost of living, especially rent, can be a significant portion of an individual’s monthly expenses, particularly for those residing in metro cities. While salaried individuals receiving House Rent Allowance […]
Form 10G for 80G registration: Process, Format & Key Requirements Introduction If you run an NGO or trust and want to help your donors claim tax benefits, getting 80G registration is a smart move. To apply for this, you need […]
Form 64D: Filing Guide for Investment Funds under Section 115UB Introduction Form 64D is a critical compliance requirement for investment funds in India, as mandated under Section 115UB of the Income-tax Act, 1961. This form ensures that the income distributed […]
Should Employers Add NPS to CTC? A Comprehensive Guide Introduction The National Pension System (NPS) offers a structured way for individuals to save for retirement. As employers increasingly look for ways to enhance their compensation packages, the question arises: Should […]
How Indian Business Owners Can Avoid Double Taxation on US Income Introduction Indian business owners earning income from the US often face the challenge of paying taxes in both countries. This situation, known as double taxation, can be legally avoided […]
Due Date of Filing of ITR for FY 2024-25 Introduction Whether you are a salaried employee, business owner, freelancer, or part of a Limited Liability Partnership (LLP), knowing the due date of filing of ITR for FY 2024-25 is […]
How to calculate the 80G limit? Introduction Understanding how to calculate the 80G limit is crucial for taxpayers who donate to charitable organizations and want to claim tax benefits. Section 80G of the Income Tax Act provides deductions on donations, […]
7 Mandatory Disclosures in ITR-1 & ITR-4 for AY 2025–26 (Old Regime)
