One of the key changes in the Finance Act was the amendment in provisions of residential status of an individual…
The Finance Act received Presidential assent on 27 March 2020. It contains the tax proposals for FY 2020-21, which would…
Investors need to submit Form 15G/15H every year at the beginning of the financial year to ensure that no tax…
Even if you choose to migrate to the new income tax regime, you may still save tax for the Financial…
Due to nationwide lockdown, it has become difficult for many taxpayers and investors to invest on time to avail tax…
The government has allowed taxpayers to invest in PPF, NSC, ELSS or any other tax saving scheme by June 30,…
CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on…
Both the government and the RBI have announced several relief measures to minimise the impact of coronavirus on financial markets,…
The taxpayer will have to pay a late filing fee even if there is no tax due to be paid…
Though taxes are difficult to avoid, there are numerous strategies to help ward them off. To get clear insights into…
Investors need to contribute to NPS a few days before the end of a financial year, as there is some…
There are various provisions in the Income Tax Act, 1961, whereby, even though an individual has not made an investment…
The optional new tax regime may bring substantial tax benefit for the taxpayer depending upon the exemptions or deductions claimed…
There are multiple ways for you to save taxes in India. However, the perfect tax planning is made when an…
The last date for filing of ITR for the financial year 2018-19 has been extended to June 30, 2020 from…
Once tax liability is calculated, you may claim a deduction of TDS/ taxes paid on such rental income, to arrive…
Unless extended, the last date for filling the ITR, for those who have not yet filed or those who intend…
The Finance Minister Nirmala Sitharaman in a press conference has announced that the last date for filing tax returns has…