Day: August 24, 2025
*******Tax Query: Tax Implications As Per Finance Bill 2025 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-implications-as-per-finance-bill-2025/article69774244.ece Section 87A of the Income-Tax Act, 1961 (‘the Act’) provides a rebate to resident individual taxpayers whose total taxable income does not exceed
Insurance Query: NRI Health Insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-nri-health-insurance/article69883367.ece A robust health insurance plan that adequately covers my family back home I recently moved to the US for work, but my spouse
*Joint FD with family? Here’s why it could mean a tax notice for you too | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/joint-fd-with-family-here-s-why-it-could-mean-a-tax-notice-for-you-too-125082201059_1.html Tax experts warn that Rule 114E (2) duplicates high-value deposits in AIS, leaving secondary joint holders like homemakers and seniors vulnerable to mismatch
*******Credit report: Check quarterly to spot repayment lapses, errors, and fraud
Clipped from: https://www.business-standard.com/finance/personal-finance/credit-report-check-quarterly-to-spot-repayment-lapses-errors-and-fraud-125082200807_1.html In case of inaccuracies and fraud, report both to the lender and credit bureaus A score of 750–800 or higher indicates a strong
*******Owning two houses but no rental income: Can you still file ITR 1, or is ITR 2 mandatory? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/owning-two-houses-but-no-rental-income-can-you-still-file-itr-1-or-is-itr-2-mandatory-490808-2025-08-23 Many taxpayers are confused about whether owning more than one house, without rental income, disqualifies them from filing ITR-1. Tax experts clarify that
Things to Remember This Tax Season – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/things-to-remember-this-tax-season/article69964803.ece Deadline has been extended to September 15, for individuals and HUFs not required to undergo a tax audit This year, the government has
Tax Query: Keeping Up with Taxes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tds-exemption-on-bank-interest/article69958988.ece Taxation for senior citizens earning less than Rs 12 lakh and implications of MF units transferred to family members 1 I am a