TaxExemption

RERA Punjab Gets Major Income Tax Exemption from CBDT

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RERA Punjab Gets Major Income Tax Exemption from CBDT

The Central Board of Direct Taxes (CBDT) has granted it income tax exemption under Section 10(46) and 10(46A) of the Income-tax Act, 1961. Key Details of the Exemption This significant exemption was announced via Notification No. 16/2025 on February 12, 2025. Here’s what you need to know: In simple terms, as long as RERA Punjab … Read more

Don’t Owe Tax? Why You Still Need to File a Nil ITR

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Don’t Owe Tax? Why You Still Need to File a Nil ITR

If your income falls below the taxable limit, you might think filing an Income Tax Return (ITR) is unnecessary. However, submitting a Nil ITR can actually save you money and simplify various financial and legal processes. What Exactly is a Nil ITR? A Nil ITR is an income tax return filed when your total income … Read more