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.
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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Introduction Form 16 is one of the most crucial documents for salaried individuals when filing their Income Tax Return (ITR). It serves as a certificate of tax deducted at source (TDS) on your salary by your employer and is a key reference while preparing your return. But what exactly is Form 16? And how do you use it effectively? Let’s break it down.
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Introduction Filing your Income Tax Return (ITR) is a crucial responsibility, but even a small oversight can lead to notices, penalties, or delays in refunds. Whether you're a salaried individual, freelancer, or business owner, it's essential to stay vigilant during the filing process. Here's a list of the most common mistakes taxpayers make while filing their ITR—and how you can avoid them.
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As the financial year 2024-25 progresses, smart tax planning becomes crucial. Whether you're a salaried professional, a business owner, or a freelancer, investing in tax-saving instruments not only reduces your tax liability but also helps build long-term wealth. In this article, we’ll cover the best tax-saving investment options under Section 80C and other useful deductions to consider in 2025.
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When it comes to filing your Income Tax Return (ITR), choosing the right tax regime can help you save significantly. India offers two tax structures – the Old Tax Regime and the New Tax Regime. Both come with their own advantages and conditions. This article will help you compare both regimes so you can make the best decision based on your income and tax-saving preferences.
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