What Are the Types of GST Returns? A Simple Guide for Taxpayers
A GST return is a statement submitted on the GST portal that provides information about business transactions carried out during a particular tax period. Even if there is no business activity during a particular period, a registered taxpayer may still be required to file an applicable Nil GST return.
Section 10 of the Income Tax Act: Tax Exemptions, Allowances & How to Claim?
Section 10 income tax exemption refers to certain types of income that are excluded — fully or partly — while calculating your total taxable income. If an income falls under Section 10 of income tax, it either doesn't get taxed at all, or only the amount above a specified limit gets taxed.
Tax on Money Received From Parents, Spouse or Relatives in India: What You Need to Know?
Parents may transfer money to their children. A spouse may transfer funds to the other spouse. Grandparents may help grandchildren with education or property purchases.
Nominee vs Legal Heir in India: Who Gets Your Bank Account, Mutual Funds and Shares?
A nominee is a person registered by the account holder or investor to receive or claim an asset after the holder's death, subject to the rules applicable to that asset.
Form 15G and 15H: How to Save TDS on Interest Income?
Form 15g and form 15h are self-declaration forms under the Income Tax Act that let you inform banks, post offices, and other financial institutions that your total income for the year is below the taxable limit. Once submitted, these institutions will not deduct TDS on your interest income, insurance commission, EPF withdrawal, or other specified payments.
AIS vs Form 26AS: What Is the Difference and Which One Should You Check?
Form 26AS helps you confirm whether tax deducted or collected by your employer, bank, tenant, property buyer or another person has been correctly reported against your PAN. AIS may not contain every transaction related to you. You are still responsible for reporting your complete and correct income, even when some information is missing from AIS.
Agricultural Income Tax Rules in India: Exemption, Calculation and ITR Reporting
Agricultural income generally means income earned from land located in India and used for agricultural activities. Income from nursery-grown saplings and seedlings is specifically treated as agricultural income.
E-Way Bill New Rules from August 2026: Complete Guide for GST Taxpayers
An e-way bill (Electronic Way Bill) is a document you must generate on the GST portal before moving goods worth more than ₹50,000. It is compulsory under Rule 138 of the CGST Rules, 2017, and the government's power to seek it arises from Section 68 of the CGST Act, 2017.
TDS on Professional Fees (Latest Income Tax Act 2025)
Whenever a business pays fees to a professional such as a CA, CS, lawyer, doctor, engineer, architect, consultant or advisor, it may have to deduct TDS (Tax Deducted at Source).
NRI Income Tax Return Filing Mistakes to Avoid and How to Fix Them?
If you are a Non-Resident Indian (NRI), filing your Income Tax Return (ITR) in India is often far more complicated than it looks. Between residential status rules, foreign income disclosures, DTAA benefits, and TDS on property sales, there are dozens of places where things can go wrong.