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Income Tax

A Brief Analysis of Life Insurance Policy (Deduction u/s 80C)

TaxClue Team -
What is Life Insurance Policy (LIP)? Life Insurance Policy (LIP) is a contract between a Policyholder and an insurance company. Insured (Policyholder) makes a regular...
Income Tax

Intimation under section 143(1) of Income Tax Act 1961.

TaxClue Team -
Income tax return (ITR) can be either filed voluntarily under Section 139 or on-demand by the income tax department (ITD) under Section 142(1). It is...
Income Tax

What is Angel Taxation in India?

TaxClue Team -
What is Angel Tax? Angel tax was introduced in 2012. The main focus of angel tax is on reducing money laundering through the purchase of...
Income Tax

Taxation of Bonds and Debentures under Income Tax Act 1961

TaxClue Team -
Any revenue made on the sale of an investment normally stated as a capital asset under the income tax laws becomes taxable as short...
Income Tax

Things You must know about the Hindu Undivided Family (HUF)

TaxClue Team -
I believe you must have heard about the word Hindu Undivided Family. Most of people think that this is a person which are created...
Income Tax

Leave Encashment – Exemption and Tax liability:-

TaxClue Team -
Introduction – During the service period, you are allowed various types of leaves e.g. Sick leave, Casual Leave, Earned Leave, etc. Sick leaves and casual...
Income Tax

It’s time to calculate & Plan your Income tax for AY 2019-20

TaxClue Team -
Income tax liabilities burn a part of your saving every year. A heavy part of your earnings is deducted from your account in the...
Income Tax

CII for doubling Income Tax exemption to ₹5 lakh

TaxClue Team -
Industry chamber CII has recommended the government to double the income tax exemption threshold limit to ₹5 lakh and increase the deduction limit under...
Income Tax

6 Things to Start Doing Now to Save Taxes This Financial Year.

TaxClue Team -
As we all know that a couple of months left in this financial year and this is the time to calculate and plan for...
Articles

Section 5A : Portuguese Civil Code in Income Tax Return

News Team -
Portuguese Civil Code in Income Tax The Portuguese Civil Code deals in the apportionment of income between spouses. The Portuguese Civil Code is applicable only...
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