List of Banks for Tax Payments on e-Pay Tax The Income Tax Department has introduced the e-Pay Tax service on the Income Tax e-Filing Portal, allowing taxpayers to pay their taxes online securely and conveniently. As part of this system, 30 banks have been integrated to facilitate seamless tax payments. This guide provides a detailed … Read more
New Tax Regime Fixed Deposits (FD) have always been a popular investment option among Indian taxpayers due to their assured returns and low risk. However, the taxation on FD interest income plays a crucial role in determining the final returns. With the Union Budget 2024 and Budget 2025 introducing several changes in the new tax … Read more
Income Tax Department Asking for Your Household Expenses The Income Tax Department has become more proactive in tracking taxpayers’ financial activities. One of the key areas of scrutiny is household expenses—if your reported income does not align with your lifestyle and spending patterns, you may receive a notice asking for an explanation. In this blog, … Read more
Capital Gain Tax Calculation for FY 2024-25 and FY 2025-26 Capital Gain Tax Calculation for FY 2024-25 and FY 2025-26 Capital gains tax is an important aspect of taxation in India, impacting individuals and businesses that earn profits from the sale of assets such as stocks, real estate, and mutual funds. This blog will provide … Read more
Income Tax Notice Income Tax Notice The Indian middle class has long had a complicated relationship with income tax, but a recent viral case has sparked widespread debate about the extent of government scrutiny into personal finances. An income tax notice demanding details of a taxpayer’s expenses—down to the cost of haircuts, perfumes, and monthly … Read more
