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Archit Gupta

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ClearTax.com

Explained: All about how the LTA voucher scheme would be taxed

BUSINESS

Explained: All about how the LTA voucher scheme would be taxed

Those with an LTA component in their salary can save tax on taxes by spending a ‘specified amount’ on certain goods, without having to make any trips

How can single mothers save money, and where should they invest?

BUSINESS

How can single mothers save money, and where should they invest?

If you are looking for a long-term investment, investing in equity funds (large-cap or blue-chip funds in particular) is a great option. For medium-term goals, investing in hybrid funds is a good idea

Income tax returns 2021-22: Here are the financial transactions that will get reported to the I-T department

BUSINESS

Income tax returns 2021-22: Here are the financial transactions that will get reported to the I-T department

All capital gains, dividends and interest earned will be reported to the tax department

Income tax returns: What you must know about interest on dues

BUSINESS

Income tax returns: What you must know about interest on dues

Taxpayers should calculate all interest dues and pay them along with the self-assessment tax before e-filing their income tax return

The Code on Social Security, 2020: How it impacts wages and benefits of employees

BUSINESS

The Code on Social Security, 2020: How it impacts wages and benefits of employees

The new code has new rules for contribution to social security and payment of employee benefits, including retirement benefits

New Form 26AS: The Income Tax department’s compliance initiatives decoded

BUSINESS

New Form 26AS: The Income Tax department’s compliance initiatives decoded

A new Form 26AS format is effective from June 1, 2020, which will now include detailed financial transactions

COVID-19 tax-saving extension: Here are the key operational aspects

BUSINESS

COVID-19 tax-saving extension: Here are the key operational aspects

Banks may have to align systems to accept deposits for a previous financial year

Which tax regime should you opt for?

BUSINESS

Which tax regime should you opt for?

It is important to note that senior citizens will not get a higher exemption limit under the new regime

How gains from mutual funds are taxed

BUSINESS

How gains from mutual funds are taxed

Investors must be aware of how their investments are taxable on redemption

Submit these supporting documents to your employer to claim tax deductions

BUSINESS

Submit these supporting documents to your employer to claim tax deductions

Various income-tax deductions and allowances are calculated and allowed only upon submission of proofs by an employee

Boosting tax morale: How governments can make citizens willingly pay taxes

BUSINESS

Boosting tax morale: How governments can make citizens willingly pay taxes

Developing countries have much to gain from boosting tax morale to fund their tax collections and thereby improving their economic status

Needed: Lowering of personal income tax as proposed in the DTC

BUSINESS

Needed: Lowering of personal income tax as proposed in the DTC

The slab rates proposed would rationalise the present ones and do away with surcharges.

File revised tax returns after rectifying errors

BUSINESS

File revised tax returns after rectifying errors

We may make an error due to insufficient information or lack of knowledge.

Budget 2019 tweaks taxes on insurance maturity proceeds

BUSINESS

Budget 2019 tweaks taxes on insurance maturity proceeds

The rate of TDS shall be 5 per cent and it shall be deducted on the ‘income’ portion and not on the entire amount. 

Pay tax on the prize money from fantasy games

BUSINESS

Pay tax on the prize money from fantasy games

The applicable tax rate is a flat rate of 31.2 per cent on the income from winnings from any game of any sort

Changed jobs? Here's how you file your tax returns

BUSINESS

Changed jobs? Here's how you file your tax returns

Declare previous salary to your new employer to avoid paying extra tax

Viewpoint | Things to keep in mind while filing your income tax return this year

BUSINESS

Viewpoint | Things to keep in mind while filing your income tax return this year

If you are a salaried individual, Form 16 is the most important document for filing your tax returns. It has details of PAN, TAN, address, salary earned and tax deducted

Viewpoint | Here's what the changes in Form 16 will mean for you

BUSINESS

Viewpoint | Here's what the changes in Form 16 will mean for you

Now Form 16 will carry each and every detail and amount of exemption on allowances claimed by an employee. Therefore, this increases disclosures of salaried taxpayers

Viewpoint | Prefer dealing in cash over digital mode? Keep in mind these laws to avoid trouble

BUSINESS

Viewpoint | Prefer dealing in cash over digital mode? Keep in mind these laws to avoid trouble

The law bars taxpayers from making payment for expenses in excess of Rs 10,000 to a person in a day via cash. Expenses paid in cash in excess of this limit, cannot be deducted from the income of a business or a profession.

Is it mandatory to link Aadhaar with income tax returns?

BUSINESS

Is it mandatory to link Aadhaar with income tax returns?

Aadhaar linkage has become important for several transactions done online, such as on the EPFO website, at the time of opening or closing bank accounts or making financial investments online

Tax guide for YouTube bloggers: Here's how to determine your income tax liabilities 

BUSINESS

Tax guide for YouTube bloggers: Here's how to determine your income tax liabilities 

You will be taxed as a sole proprietor unless you register your business as a company, LLP or Partnership Company

TDS on property sale: Answers to common queries on deduction and payment

BUSINESS

TDS on property sale: Answers to common queries on deduction and payment

The TDS amount that is deducted must be deposited with the government within a period of seven days from the end of the month in which the deduction is made.

June 1, Global Parent’s Day: Tips for parents to save on their child’s education

PERSONAL-FINANCE

June 1, Global Parent’s Day: Tips for parents to save on their child’s education

Quality education is very important for the upbringing and future of the child.

Do you run a small business? Tips to file tax under GST

ECONOMY

Do you run a small business? Tips to file tax under GST

Expert estimates say that only about 50% of the sector is technologically capable of complying with GST rules.

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