Renewal of 12A and 80G Registration: Complete Guide for NGOs Introduction For charitable trusts, societies, and non-profit organizations, Renewal of 12A and 80G Registration helps continue applicable tax benefits and donor deduction eligibility. From 1 April 2026, applications relating to […]
80G Donation Limit for Salaried Persons: Rules and Benefits Introduction The 80G donation limit for salaried persons is important to understand when planning charitable donations for tax benefits. Under the Income-tax Act, 1961, Section 80G allowed eligible taxpayers to claim […]
Section 80GG Deduction: Limit, Eligibility and Form 10BA Introduction Section 80GG deduction allows eligible taxpayers who pay rent but do not receive House Rent Allowance to claim a deduction under the old tax regime. For income earned during FY 2025–26 […]
Documents required to reply the IT Notices Introduction The Income Tax Notice alerts taxpayers to problems with their tax bills. Reasons for notification include errors in submissions, assessments or requests for information. Instantly respond to required documents like Form […]
Section 194B of Income Tax Act, 1961: Prize, Betting, Lottery Winning Tax Introduction In the present day, there is a wide range of game shows, including the popular Kaun Banega Crorepati (KBC) and Fear Factor, as well as reality shows […]
What incomes fall under the head of Income From Other Sources? Introduction The Income Tax Act, 1961 is the most direct tax applicable to Indian citizens. Those who receive a salary should pay it according to their income and tax […]
10 Things to Know about Tax Planning for Self-Employed Professionals Introduction Tax planning is a crucial aspect of managing finances for self-employed professionals. It involves strategic decision-making and proactive measures to optimize tax liabilities while ensuring compliance with relevant laws […]
Reply to a Demand Notice Under Section 156 of the Income Tax Act How to reply to a Demand Notice Under Section 156 of the Income Tax Act? Introduction Receiving a demand notice under Section 156 of the Income Tax […]
Appeal to Commissioner Under Income Tax and Taxpayer Rights Introduction The income tax system is a critical aspect of any nation’s economy which ensures the provision of essential public services. However, disputes and differences can arise between taxpayers and tax […]
