Have questions about income tax payment? Read this article to find answers to frequently asked questions about income tax, including payment deadlines, income classification, gross total income, deductions, tax liability computation, and more.
Explore common FAQs on income tax assessments, including types, procedures, and time limits for sections 143, 144, and 147.
Learn about tax loss adjustments, including intra-head and inter-head, carry forward rules, and restrictions on set-offs under Indian tax laws.
Learn about clubbing of income under Indian tax laws, where income of one person is included in another’s taxable income, including exceptions and provisions.
Learn what constitutes capital gains, how they are taxed, the types of capital assets, and distinctions between short-term and long-term capital gains in India.
Monetary gifts to individuals or HUFs exceeding ₹50,000 in a year are taxable unless received under specific exemptions like from relatives, on marriage, or as inheritance.
Rental income from sub-letting is taxed as “Income from other sources,” not “Income from house property.” Deemed ownership rules apply to non-registered property owners.
Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance requirements for small taxpayers.
Learn about Income Tax Returns (ITR) forms for different taxpayers, filing methods, and requirements. Includes details on ITR-1, ITR-2, ITR-3, and more.
Learn what constitutes salary, allowances, and perquisites under the Income-tax Act. Includes details on taxability of pensions, benefits, and standard deductions.
