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 filing India
Transfer Pricing Documentation FY 24–25: Safe-Harbour vs APA
Transfer pricing compliance is a critical requirement for Indian businesses involved in cross-border related-party transactions. As scrutiny increases for FY 2024–25, companies must decide between using the..
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..
What is Form 16? Everything a Salaried Employee Should Know
Introduction For salaried individuals in India, Form 16 is a crucial document for filing income tax returns and claiming refunds. It acts as a certificate of..