The rationale behind the introduction of the new tax regime was to make tax filing simpler for individuals who make…
The availability of more than one tax regime has, however, created a challenge for individuals, i.e., selection of more beneficial…
With the coming of the new tax regime, individuals have to not only declare the investment but also have to…
Although there are no major changes introduced this year, a few additional information is being sought from taxpayers in the…
Generally, a 10% TDS is deducted on interest income above Rs 50,000 which a senior citizen earns in a year,…
The timeline to file Form ITR-U is within 24 months from the end of the relevant assessment year.
The new ITR forms, however, have introduced a change whereby the term accounting period has been replaced with a calendar…
The Income-Tax Act allows relief under Section 89(1) to reduce the impact of additional tax liability arising from the receipt…
Let’s understand how you can plan your finances when you are nearing retirement and have increasing health issues.
In some cases, the taxpayer can claim tax exemptions even if he has not made any investments. Here are five…
Investors prefer ELSS as it is one of the few options under Section 80C of the Income Tax Act, which…
Have received any unexpected gift during the year for which you missed tax planning? You can make investments specified in…
The claim for deductions and exemptions under Schedule DI will pertain to the investments a taxpayer wants to make for…
The ITR forms notified carry some significant changes. Taxpayers should bear in mind these changes while filing their ITR for…
Employers can increase the variable pay component including allowances which you can claim on a reimbursement basis. While considering the…
The notified income tax return forms enable taxpayers to claim tax deductions for tax-saving investments, payments, donations and investments for…
Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to…
The latest coronavirus pandemic has caused the Indian benchmark indices to collapse record levels. However, investors should not worry as…
