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Income Tax Return of Deceased

Jul 13, 2014

DEATH of a dear one is an unbearable blow. Apart from the loss his family has to confront issues relating to the transfer and distribution of the deceased’s estate, which includes all his property, assets etc. Then there are tax issues to be dealt with. These...

Tax Exempt Allowances in Salary Schedule S in ITR2

May 21, 2014

The ITR-2 form for AY 2014-15 requires taxpayers to give a detailed break-up of tax-exempt allowance in schedule S.  Schedule S is for filling the salary income in ITR2. This article explains the changes in filling Schedule S in ITR2 this year. What is Schedule S of...

How to file Revised Income Tax Return ITR

Aug 21, 2013

If after furnishing the original return, any omission or any wrong statement is discovered which was done totally unintentional then one may file a revised return. What is Revised Income Tax Return? What changes can be done in Revised Return? How to Revise Income Tax...

HRA Exemption,Calculation,Tax and Income Tax Return

Jul 22, 2013

Employees generally receive a house rent allowance (HRA) from their employers. An employee can claim exemption on his HRA under the Income Tax Act if he stays in a rented house and is in receipt of HRA from his employer. This explains what is House Rent Allowance...

Income from House Property and Income Tax Return

Jul 21, 2013

This article explains How to Fill Income from house property in Income Tax Return with rules and pictures. The Income Tax Act of India classifies income in five heads of which “Income from House Property” is one of them. It comprises of income earned by a person...
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