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Here are some of the frequently asked questions on contributions made to Shri Ram Trust, answered by CA Tarun Kumar Madaan in a newsletter released by Taxmann.
India Business News: This article discusses the importance of rent receipts and agreements for claiming House Rent Allowance (HRA) tax deductions. Having both rent receipt
Virtual Digital Assets (VDA) like Bitcoin (BTC), or other cyptocurrencies, non-fungible tokens (NFT), metaverse tokens, other similar assets are taxed at a flat 30% tax rate. Read here to find out how to calculate and pay income tax on income from VDAs.
Keeping track of these changes will help you avoid errors and ensure that your ITR is filed accurately
The income tax return filing season is upon us. Most salaried individuals are eligible to file their tax returns using ITR-1 form. This tax return form is also known as 'Sahaj'. However, not many people know the steps to file ITR-1 on the income tax e-filing portal. Here is a step by step guide of filing ITR-1 on the income tax e-filing portal.