When filing your Income Tax Return (ITR) for the financial year 2022-2023, it is essential to report your income under the following five heads, as per Section 14 of the Income Tax Act:1) Income from salary 2) Income from house property 3) Income from profits and gain of business or profession 4) Income from capital…
Netflix, the worldwide streaming giant, has unveiled its policy to combat password sharing in India. The company initiated the distribution of emails to customers in the country. These emails clearly emphasize that Netflix accounts are meant to be used exclusively within a single household. “Starting today, we will be sending this email to members who…
According to Ritesh Shukla, the CEO of NPCI International Payments Limited (NIPL), he anticipates that it will take approximately three to four months for the Unified Payments Interface (UPI) to become operational in France. As reported by ANI, Ritesh Shukla said that India and France have just signed the agreement and Prime Minister Narendra Modi…
If your monthly house rent payment is Rs 50,000 or more, then you are liable to deduct tax deducted at source (TDS) at a specified rate from rental payment. Here is a look at when to deduct TDS from house rent payment and how to deposit. Who should deduct TDS?According to Archit Gupta, Founder and…
Petrol and diesel prices today, 19 July, 2023: Petrol and diesel prices today remained stable. Going by the fuel prices at major cities in the country today, the petrol price in Delhi is at Rs. 96.72 per litre and the diesel price at Rs. 89.62. The petrol prices in Hyderabad remained at Rs. 109.66 per…
While the National Pension System (NPS) has seen its popularity as a reliable retirement planning solution grow over the years, the fact is that the tax benefits that the scheme offers remain the chief draw for many subscribers. Yet, not many maximise the tax breaks that NPS has to offer. If your employer contributes up…
Instagram announced today that it’s introducing updates to its Reels templates to make it even easier for users to create engaging short-form videos, as the social media giant continues to compete with TikTok. The company is launching a new “Template Browser” that will let users sift through templates by categories. You can browse templates based…
With billions of monthly active users, you’d think WhatsApp would make reaching out to new contacts easy. However, that’s not the case. There’s no easy way to message someone on the platform if you have not stored their number in your phonebook. This is especially an issue when you just need to message someone for…
New Delhi: Video streaming services are increasingly diversifying their offerings with more free content following the realization that relying solely on subscriptions will not be enough to sustain the over-the-top (OTT) business. For example, JioCinema has made local language programming, including new movies and shows, available for free, while Disney+Hotstar is offering premium sports events…
Gurugram-based finance professional Sanjana Mehra pays a low tax, but it can be reduced further. TaxSpanner estimates that Mehra can reduce her tax liability by more than Rs.40,000 if her company offers tax-free perks, if she opts for the NPS benefit, and buys health insurance for her senior citizen parents. Mehra should start by opting…