Other Income
Claim Expenses for Other Incomes
You can claim certain expenses against Other Incomes in your tax return, including: Interest on loans: If you've taken a loan to earn income from investments like bonds or fixed deposits, the interest paid on that loan can be deducted. Commission or ...
Add Royalty Income
Royalty income refers to the earnings received when someone pays you for the right to use your intellectual property—such as a patent, copyright, or natural resource. For instance, when authors allow publishers to sell their books, they receive a ...
Declare your Exempt Incomes
Exempt income refers to earnings that are not taxable under the Income Tax Act. However, even though these incomes are tax-free, you are still required to report them in your tax return. Common examples include: Gifts received within specified limits ...
Report Gift as Income in Your Tax Return
Receiving gifts is always a joy, but did you know that certain gifts can be taxable? If the total value of gifts you receive in a financial year exceeds ₹50,000, you are required to report it as income in your tax return under "Income from Other ...
Add Dividend Income
Companies distribute dividends to their shareholders as a share of their profits. The amount received depends on the number of shares held by the investor. For tax purposes, dividend income is classified under the head "Income from Other Sources." ...
Manage Family Pension Income
Family pension is the amount received by the spouse or dependent family members after the death of a government employee or other eligible individual. It is intended to provide financial support to the family after the passing of the primary earner. ...
Manage Interest Income
In India, saving is often valued over spending—and interest income plays a key role in helping individuals grow their wealth steadily. It is the income earned from various financial instruments such as fixed deposits, savings accounts, bonds, and ...
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Upload Files
Uploading files before your booking helps your pro prepare better and saves time during the session. Things to Keep in Mind Document Checklist: Some bookings will have a checklist under the Files tab. These are documents you’re expected to upload ...
How to E-Verify after 30 days?
E-verification of ITR is to be done within 30 days of filing an ITR. Missing this deadline can make your ITR invalid. However, if you missed e-verifying due to a genuine reason, the ITD allows you to submit a request for condonation to complete the ...
Pay Advance Tax
If your total tax liability for a financial year is ₹10,000 or more, you must pay advance tax in instalments. Paying it on time helps you avoid penalties and interest charges. Paying Advance Tax Web Mobile Web Paying Advance Tax Navigate to the Pay ...
Understanding Tax Computation Report
A tax computation report is a summary of your tax return. It is divided into four main sections: Personal details - Name, PAN, email, etc. Income tax return details - Return type, regime, filing date, acknowledgment number. Tax computation summary - ...
Bug Bounty Program
We’re committed to protecting our community. If you are a security researcher or expert and believe you’ve identified security-related issues with Quicko's website, mobiel apps or APIs, we would appreciate you disclosing it to us responsibly. Our ...