Personal Finance Articles

Depreciation under Section 32 of the Income Tax Act plays an important role in business taxation in India. It allows taxpayers to claim a deduction for the reduction in value of assets used for business or professional activities. This provision help

Section 270A of the Income Tax Act helps make sure people report their income honestly. It sets rules for penalties when someone shows less income than they actually earned or gives wrong information about their income. This rule was introduced to st

Section 193 of the Income Tax Act is a key provision that governs tax deducted at source on interest earned from securities. Many investors notice tax deductions on interest income but are unsure of the reason. This section explains when and how such

Most people feel a sense of relief once their income tax return is filed. It’s off the checklist, at least in your mind. So when a message arrives saying your return is ‘defective’, the first reaction is usually confusion, sometimes even panic.

For most taxpayers, a refund is not seen as income or a benefit. It’s simply money that should not have been paid in the first place. So when that refund gets delayed, the frustration is understandable. This is where interest on income tax refund b

Delayed income tax refunds are a common occurrence among taxpayers. When you file your taxes correctly and on time, verify your return and then wait weeks or occasionally, months without any action (perhaps even longer). Many taxpayers are unaware th

If you’ve been filing income tax returns for a while, Form 26AS probably feels familiar. For years, it was the single document most people checked before filing, simple, predictable, and limited to taxes paid or deducted. Then AIS was introduced, a

If you have ever looked at your income tax return and paused at two similar looking terms, you are not alone. Most taxpayers, even those who file regularly, get confused between gross total income and total income. On paper they sound almost the same

Selling gold usually happens for a reason. Sometimes it’s planned, sometimes it’s sudden. It could be jewellery that hasn’t been worn in years, or coins bought long ago as an investment. Whatever the situation, people often think about price an

People usually opt for VPF when they want to save more without taking risks. It feels like an extension of EPF, safe and familiar. The confusion doesn’t happen at the time of investing. It starts later, when someone needs money and begins looking i

Family pension usually comes into the picture at a point when financial decisions already feel heavy. It is meant to provide continuity of income, not confusion. Yet, many people are unsure about how it is taxed, mainly because the rules for family p

Uniform allowance is one of those salary components that sounds simple but often creates confusion at tax time. Many employees receive it every month and barely give it a second thought, until they start looking closely at their Form 16. That’s whe