Key Sections of the Income Tax Act for Filing Income Tax Returns
In this article, we will discuss various sections of the Income Tax Act that help us file our Income Tax Returns (ITRs) on time. This topic is crucial for clearing up any confusion among assessees regarding the due dates for filing ITRs. Section 139(1) of the Income Tax Act, 1961 Under Section 139(1), returns must […]
How to save tax on capital gain from selling of residential property
This topic pertains to common taxpayers, especially salaried individuals, who often buy and sell multiple residential properties as part of their investment strategy throughout their working lives. In most cases, individuals selling residential properties end up with capital gains due to the appreciation in property value. Upon selling these properties, they become concerned about minimizing […]