Banks in India deduct Tax Deducted at Source (TDS) on interest income earned from fixed deposits, recurring deposits, or savings interest (in some cases). If your..
Tag: ITR 2025
How to File Income Tax Returns Online in India
Filing your Income Tax Return (ITR) is a key part of financial compliance in India. With the government’s push for digital services, individuals and businesses can now..
Who Needs to Comply With Transfer Pricing Rules in India?
If your business engages in transactions with foreign affiliates or related domestic entities, Transfer Pricing (TP) compliance is a legal necessity. India’s TP regulations aim to ensure..
What is Form 26AS? Why It’s Important Before Filing ITR
Introduction Before filing your Income Tax Return (ITR), it is essential to verify your tax details using Form 26AS. Form 26AS summarizes the taxes deducted, collected,..
How to Claim House Rent Allowance (HRA) and Save Tax in 2025
Introduction House Rent Allowance (HRA) is a common component of a salaried individual’s salary structure in India. It offers a tax benefit by allowing exemption of..
Should Freelancers and Consultants File ITR-4 for 2025?
Introduction Freelancers and consultants are important contributors to the modern economy, providing services in sectors like IT, marketing, consulting, education, and more. However, when it comes..
How NRIs Should File Income Tax Returns in India for 2025
Introduction Non-Resident Indians (NRIs) often have financial ties to India such as property, investments, or business interests. Filing an Income Tax Return (ITR) in India is mandatory..
What is Section 80C? Popular Deductions to Save Tax for 2025
Introduction Section 80C of the Income Tax Act, 1961 is the most widely used and powerful tax-saving tool available to individual taxpayers and Hindu Undivided Families..
Difference Between ITR-1, ITR-2, ITR-3, and ITR-4: Which Form Should You File in 2025?
Introduction Income Tax Return (ITR) filing season can be confusing, especially when you’re unsure which ITR form to use. For the Assessment Year (AY) 2025–26 corresponding to..