Budget 2019: On digitalisation, assessments will be carried out electronically in a phased manner without disclosing the details of assessing…
Kindly clarify my doubts regarding TDS and GST on rent received from commercial buildings. My mother who is a senior…
As per the Income Tax Law the rental income would be taxable in the hands of owner of the house…
The Centre has recently approved an amendment that seeks to increase the maximum limit of gratuity for private and public…
Withdrawal of the accumulated balance from a recognized PF is taxable if the employee has not rendered continuous service for…
Your tenant is not required to quote your PAN in his income tax return.
Short-term capital loss can be set off only against short-term capital gain or long-term capital gains.
Akshay got an e-mail to complete his return of income by authenticating his bank account details so that a refund…
Assuming your total taxable income for FY 2016-17 is below Rs 2.5 lakh, as per income tax provisions it is…
Current income tax law provides maximum tax exemption limit of Rs 10 lakh on gratuity. Accordingly, till any amendment this…
The CBDT has clarified that mandatory quoting of Aadhaar or enrolment ID shall apply only to a person who is…
Social security cost has been an important consideration when evaluating an overseas assignment. For example, Indian employees travelling to overseas…
Super senior citizen with income below Rs 5 lakh and no refund claim need not file I-T return
You have to link PAN with Aadhaar even if you are not liable to pay tax or file income tax…
My wife runs a business with a turnover of Rs 35 lakh with business income of Rs 1,25,000 and commission…
Calculate capital gains tax on sale of old jewellery based on fair market value at time of purchase.
Promoting digital economy and demotivating cash transactions was one of the key agendas in the Union Budget 2017.
There is no requirement to visit the income tax department to link Aadhaar with PAN. It can be done by…
