The Income Tax Return (ITR) filing window in India opens on April 1st every year. Filing your return too early, especially before June 15th, may not be advisable for most taxpayers. There are strategic, practical, and regulatory reasons behind this caution. Below, we outline the key issues that justify waiting until at least mid-June to…
Rental Income – How much is chargeable to tax?
Rental income from a self-owned property being building or land appurtenant thereto is charged to tax under the head “Income from house property” in the hands of the owner.
It is essential for taxpayers to understand the tax laws and regulations related to rental income…
Taxation of income on savings is an essential aspect of personal finance that affects many individuals. It refers to the taxation of the interest earned on savings and investment accounts, such as savings accounts, fixed deposits, mutual funds, and bonds. The amount of tax payable on such income depends on several factors, including the individual's…

