Discover how wedding gifts can enjoy tax exemptions under the Income Tax Act. From cash to property, gifts from relatives and non-relatives are covered without limits, provided you follow key documentation and compliance rules

I am employed with a closely held private limited company. During the current financial year, I resigned and claimed encashment of leave salary of ₹ 3 lakhs. The employer wants to tax this amount since the same is encashment not on retirement but on resignation. What is your view? 

ELSS is one of the most popular strategies to invest and benefit from a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

CA Amit Gupta, MD, SAG Infotech details five ways other than section 80C by which taxpayers can save on income tax.

As the end of the fiscal year approaches, many people will be crunching spreadsheets and calling their chartered accountants. This article is a list of things you should do before March 31, 2022.