Income tax

🏠 Can Rental Income Be Taxed in the Hands of Someone Who Isn’t the Registered Owner?

Income Tax /

Reading Time: 3 minutes📌 Q1: Who is normally taxed for rental income under Indian tax laws?A: Under the Income Tax Act, rental income is generally taxed under the head “Income from House Property”, and it is taxed in the hands of the legal or registered owner of the property. Ownership here refers to the person who holds title […]

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F&O Income Tax Guide 2025 – ITR Filing, Audit Rules, Advance Tax & Deductions

Capital Gain, Income Tax /

Reading Time: 3 minutesLearn how Futures & Options (F&O) income is taxed in India. Understand ITR forms, turnover calculation, audit limits, deductions, advance tax & FAQs with Income Tax Dept links. 🔵 Q1: F&O income kis head mein aata hai – capital gains ya business income? A: Great question! F&O trading is considered non-speculative business income under Section

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💡 Why You Should Never Miss the Income Tax Return Deadline

Income Tax Return Filling /

Reading Time: 4 minutes❓Why is it crucial to file income tax returns on time? Filing your income tax return (ITR) on time is more than a routine task—it’s a financial safeguard. Timely filing ensures: ✅ Avoiding penalties ✅ Securing faster tax refunds ✅ Carrying forward your business or capital losses ✅ Maintaining financial credibility with banks and authoritieshttps://incometaxindia.gov.in

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🔍 Real-Time Cross-Verification in Tax Compliance: Explained

Income Tax /

Reading Time: 2 minutesIncome Tax Verification in real time cases. Q: What’s “Real-Time Cross-Verification” and why should I care?A: Imagine you claim a ₹2 lakh donation deduction today, and the system instantly checks if that NGO is approved, matches the payment with your bank data, and verifies it wasn’t cash — all in seconds.That’s real-time cross-verification. The Income

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