Any income arising to a resident of India from any source shall be taxable in India. Hence, income earned from the transfer of shares held by a resident of India in a foreign country will be taxable u
As the ITR filing process for AY2019-20 has started, it is important to calculate income and tax liability thereon accurately so as to avoid levy of any additional interest or penalty.
After resignation, an employee gets Earned Leave Encashment and Gratuity as retirement benefits, while the PF amount accumulated in the Employees' Provident Fund (EPF) account may also be withdrawn.
It's time for salaried individuals to submit their tax-saving investment declarations to their employers, so that their tax liability is calculated and the tax payable, if any, is deducted through TDS
I have been investing in mutual funds since 2005 and have a fund value of Rs 20 lakh. If I withdraw all my units what will be the long term capital gains tax on it?
Right at the beginning of the new financial year 2019-20, the employees are being asked by the employer or the accounts department to submit an Investment Declaration.
Mentioning types of payments made by the employer to the employee will make it easier for the income tax department to electronically reconcile everything without human intervention.
Mentioning of the sources of income not only brings clarity, but also plugs the loopholes, as assessees can't remain ignorant anymore and omit the incomes.
CBDT has notified amendments in Form 16 — which acts as certificate for tax deducted at source (TDS) —and Form 24Q — quarterly TDS statement for salaries.
Additional information sought may be used for better profiling of taxpayers, tracking cases of potential tax evasion and expanding the tax base using data analytics.
The change in long-term capital gain (LTCG) tax rule last year has made filling income tax return (ITR) difficult for salaried equity and mutual fund (MF) investors.
LTCG arising on transfer of equity shares or units of equity-oriented mutual fund (including ELSS) was exempt from tax earlier, provided securities transaction tax (STT) was paid at the time of transf
When an under-construction property is acquired, it is always a subject matter of controversy between the taxpayer and the tax department while determining the holding period of the property to comput
