Hindu Undivided Family (HUF) is a distinct legal entity and consists of individuals who have lineally descended from a common ancestor, including their wives and children. Let us see how a HUF is formed and what are its various tax benefits.

House rent allowance (HRA) is an allowance that many employees in India receive, both in the public and private sectors. Many employees also have a home loan in their names. Tax benefits are available on both HRA and home loan. Let’s see how HRA and home loans can be used to reduce your tax outgo.

“No Extension of the Financial Year 2019-2020” clarifies Finance Ministry

Here is a list of income tax relief measured announced by the finance ministry

A taxpayer can opt for the new tax regime from April 2020. Can such a tax-payer switch back to the old regime? What are the conditions for switching back?

Did the finance minister announce in budget 2020 that middle-east NRIs should pay tax in India from April 2020?

Use this comparison table to enter your salary details and find out if the new or old tax regime announced in budget 2020 will be beneficial for you?

This is a list of important changes in ITR forms for Assessment Year 2020-21(Financial Year 2019-20) and how they are a further step in getting more information from the taxpayers to curb tax evasion and make life easy for compliant taxpayers.

A guide to linking Pan number with Aadhaar number. If not done by Dec 31st 2019, Pan will become invalid!

The series of relief measures to boost a flagging economy has led to speculation if personal income tax would be cut next. What is the probability of this happening? An analysis

A discussion on the Faceless E-assessment Scheme for Income Tax. What is it and what taxpayers need to keep in mind when this comes into play