Stay informed with TaxComp’s latest blog post, where we bring you expert insights, practical tax tips, and updates on the latest financial regulations. Whether you're an individual or a business owner, our blog is your go-to resource for staying ahead with smart tax strategies and trusted guidance from the professionals at TaxComp.
Running a small business or working as a sole proprietor in India brings flexibility and independence—but it also brings dual tax compliance responsibilities. One under Income Tax (filing ITR) and the other under GST (filing GSTR). While both are separate in law, they are increasingly interlinked in scrutiny, compliance, and audit. This blog will clarify the difference between ITR and GSTR, and guide you on how to manage both efficiently to stay compliant and avoid notices or penalty
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Even with zero or low income, filing your ITR can help build financial proof, claim refunds, and stay future-ready for loans, visas, and compliance.
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Discover hidden tax benefits salaried employees often miss — from HRA to 80D — and save more with smarter planning.
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Have salary, rental, business, or investment income? Learn how to accurately file your ITR when earning from multiple sources. Avoid notices, claim deductions, and stay tax compliant."
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Filed your Income Tax Return (ITR) but unsure if it's been processed or when you’ll get your refund? Don't worry—you can track your ITR status and refund online in just a few clicks. Here's a simple, step-by-step guide to help you stay informed.
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Introduction Selling a house, land, or commercial property can result in a significant financial gain—but it also brings tax implications. Whether it’s a recently purchased flat or a property inherited decades ago, the profit from such sales is treated as capital gain and taxed accordingly. Here’s everything you need to know about capital gains taxation on property sales, exemptions available, and how to report it in your ITR.
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Introduction Investing in mutual funds and stocks can grow your wealth—but don’t forget the tax implications. Capital gains earned from these investments are subject to taxation based on the holding period and type of asset. Let’s decode the difference between Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) and how to report them correctly in your ITR.
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Introduction Do you believe you don’t need to file an Income Tax Return (ITR) just because your income is below the taxable limit? Think again! Filing a Nil Return—where no tax is due—can still offer significant benefits. Let’s understand what a Nil Return is and why it may be important for you.
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Introduction Tax planning is not something to be rushed through in March. For salaried employees, adopting a month-by-month tax-saving strategy helps spread out investments, avoid last-minute stress, and maximise tax benefits under the Income Tax Act. This blog offers a practical monthly plan you can follow throughout the year.
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