Income Tax

96 articles

Form 26AS - Everything You Needed To Know

Form 26AS is a consolidated statement of the taxes you have already paid in the financial year and refunds due to you. You can download the statement from the Income Tax website (or TRACES website

Gain a comprehensive understanding of advance tax and its implications in the realm of income taxation. Discover the essence of advance income tax, its significance in meeting tax obligations, and the categories of individuals and entities obligated to pay it. Uncover the nuances of advance tax penalties and interest, ensuring compliance and avoiding unnecessary financial burdens.

The numerous rules and regulations and income tax forms can still confuse the most seasoned taxpayers. Let us decipher one such form associated with income tax—let's decode Form 16.

6-precautions-to-take-while-filing-tax-returns

The article gives a clear understanding of the procedure related to the filing of ITR returns. Read about 6 Precautions to take while filing tax returns on Kotak Neo Page

Section 44AD of the Income Tax Act is a provision for computing the taxable income of certain businesses with a turnover of up to Rs. 2 crores. In contrast, Section 44ADA provides a presumptive taxation scheme for professionals with a turnover of up to Rs. 50 lakhs. Our article provides comprehensive information on these sections, including their objectives, benefits, and limitations. Click here to gain a better understanding of Section 44AD and 44ADA.

Know how gift tax in India works and can help you save on the amount you pay as tax .Here is a rundown of four types of tax-exempt gifts.

Read the article to find out how careful investment planning can help you save tax in a long run.

Find out the Investments and payments that are eligible for 80C deductions. Take a guide to the best investments for tax-saving under Section 80C

Tax Planning: An Exercise To Commence Right Away

Understand what tax planning is, why it is necessary, and when you should begin planning. Read the article to get answers to all of your tax-related questions.

The Essence of Aligning Tax Savings with Financial Goals

This article discusses the importance of aligning your tax-paying habits and how that will enable wealth creation going forward.

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