Diwali Gifts from an Income Tax Perspective

Diwali Gifts from an Income Tax Perspective

With the festival of lights approaching, it’s that time of the year when we plan gifts for our near and dear ones. On this auspicious occasion, people in our country exchange gifts to send positive vibes and express affection and gratitude. However, did you ever think...
An Extensive Guide on Understanding Advance Tax in Detail

An Extensive Guide on Understanding Advance Tax in Detail

As a responsible citizen of the country, it is essential that you pay your taxes on time. Now, while it is a given fact that the income generated in a financial year is assessed in the upcoming year, often referred to as the Assessment year, the taxes get paid before...
Section 80U: Tax Deduction Provision for the Disabled

Section 80U: Tax Deduction Provision for the Disabled

Dealing with a disability and paying for medical expenses amid all other livelihood needs is undoubtedly a burdensome task. On top of that, if you fall under the category of a taxpaying citizen, it can take a toll on your financial condition. Keeping all these hassles...