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If you've missed July 31 deadline, file a belated ITR: What you should know

However, you will have to pay a penalty and won't be able to carry forward losses under certain heads

Filing income-tax return after July 31? Verify within 30 days, say experts

Use any one of six methods of verification available

Tackle higher cost of foreign education with diligent planning: Experts

Choosing right country and college, part-time job can help bridge the gap caused by the rupee's fall

Disclose your foreign assets and income in ITR or pay a hefty penalty

Clarity on relevant accounting period has been provided this year: it is January 1 to December 31, 2021

Only GST-registered tenants face 18% tax on rent paid, say experts

One common query is what happens when a person not registered under GST rents a residential property to a person registered under GST

Opting for presumptive tax reduces burden on freelancers: Experts

They don't have to maintain books of account or get them audited

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

With rupee at 80, how to tackle cost of studying and travelling abroad

Education consultants advise parents to prepare for at least 2% annual increase in costs for children abroad

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form for Income Tax Returns

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

Farm to Fork: Consumers curb discretionary spends to combat inflation

Households are repaying debt and replacing costlier loans with cheaper options; rising costs are taking a toll on ability to save enough

Games people play: Skill or chance? Tax rates will differ, say experts

Any income arising from a game of any sort, which does not involve any skill, is taxed at the rate of 30 per cent

Make the most of higher tax deductions to senior citizens, say experts

Those over 60 need not file ITR if any tax has been deducted under Section 194P

Phishing in troubled waters? Take cover in cyber liability, say experts

Protect family's data, finances; consider floater cover as well

Cross-check data in pre-filled forms while filing income-tax return

The documents you collect for this purpose will prove handy if an assessing officer conducts inquiry

Have Form 16 from two employers? Be careful not to claim tax benefits twice

A mistake in calculating tax liability could lead to a notice from the tax department

Missed declaring rental to employer? Claim HRA exemption while filing ITR

Keep rent receipts that serve as proof handy should taxmen come calling

Investors who have a long horizon should wait for crypto prices to recover

Those who don't anything to do with this highly volatile asset class may also throw in the towel

No more freebies! Influencers, music bands, doctors liable to 10% TDS

Ensure value of goods doesn't exceed Rs 20,000 to avoid TDS

Claim deduction either under Section 80 TTA or 80 TTB, but not both

Exemption under Section 10(15)(i) can be availed in conjunction with 80 TTA or 80 TTB