#exemptions
Check These Points Before Filing Your ITR With Form 16
Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.
Check These Points Before Filing Your ITR With Form 16
Filing your Income Tax Return (ITR) can be a complex task, especially if you're doing it without professional help. For salaried individuals, Form 16 is a crucial document that simplifies the process by providing details of salary earned and the tax deducted at source (TDS). If you've received your Form 16 and are preparing to file your ITR, it's important to first review the form thoroughly to ensure accuracy.
India Suspends Indus Treaty, SAARC Visas, and Expels Diplomats After Pahalgam Terror Attack
In a decisive and historic move, the Indian government has announced a sweeping set of actions against Pakistan in response to the brutal Pahalgam terrorist attack that claimed 26 lives, including that of a foreign national. The Cabinet Committee on Security (CCS), India’s highest authority on national security, chaired by Prime Minister Narendra Modi, convened late Wednesday to finalize a series of countermeasures aimed at what the government termed "cross-border linkages" to
India Suspends Indus Treaty, SAARC Visas, and Expels Diplomats After Pahalgam Terror Attack
In a decisive and historic move, the Indian government has announced a sweeping set of actions against Pakistan in response to the brutal Pahalgam terrorist attack that claimed 26 lives, including that of a foreign national. The Cabinet Committee on Security (CCS), India’s highest authority on national security, chaired by Prime Minister Narendra Modi, convened late Wednesday to finalize a series of countermeasures aimed at what the government termed "cross-border linkages" to
Trump Pushes IRS to Revoke Harvard’s Tax-Exempt Status Amid Antisemitism and Policy Disputes
In a dramatic escalation of political tensions between the federal government and academic institutions, U.S. President Donald Trump has called on the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status. The move follows ongoing criticism from Trump regarding the Ivy League school’s handling of antisemitism and diversity-related issues, as reported by The Washington Post. Though no final decision has yet been announced, reports suggest that an
Trump Pushes IRS to Revoke Harvard’s Tax-Exempt Status Amid Antisemitism and Policy Disputes
In a dramatic escalation of political tensions between the federal government and academic institutions, U.S. President Donald Trump has called on the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status. The move follows ongoing criticism from Trump regarding the Ivy League school’s handling of antisemitism and diversity-related issues, as reported by The Washington Post. Though no final decision has yet been announced, reports suggest that an
New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1
As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1. 1. Higher Income Tax Exemption Limit
New Financial Year 2025 Begins: Major Changes in Tax, Banking, and Investment Rules from April 1
As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1. 1. Higher Income Tax Exemption Limit
Understanding House Rent Allowance (HRA) Exemption and How to Claim It
House Rent Allowance (HRA) is a component of an employee’s salary provided by employers to help cover rental expenses. Depending on various conditions, HRA may be partially or fully exempt from taxes. However, to benefit from this exemption, employees need to meet specific criteria. Is HRA Taxable? While HRA is part of an employee’s salary and is initially included in taxable income, it can be exempt under certain conditions. If the employee lives in a rented
Understanding House Rent Allowance (HRA) Exemption and How to Claim It
House Rent Allowance (HRA) is a component of an employee’s salary provided by employers to help cover rental expenses. Depending on various conditions, HRA may be partially or fully exempt from taxes. However, to benefit from this exemption, employees need to meet specific criteria. Is HRA Taxable? While HRA is part of an employee’s salary and is initially included in taxable income, it can be exempt under certain conditions. If the employee lives in a rented
China Expands Visa-Free Transit Policy to Boost Tourism and Economy
China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days. Previously, the visa-f
China Expands Visa-Free Transit Policy to Boost Tourism and Economy
China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days. Previously, the visa-f









