
The Government of India has inserted section 194N in the Income Tax Act, 1961, for deduction of TDS of 2…
There are many tax-saving investment options available before the taxpayers, out of which some are physical assets like house, electric…
“After the notification, concerns have been raised that the changes are likely to cause hardship in the case of individual…
Apart from the exemptions on investments u/s 80C, tax exemptions on interest and maturity make PPF a preferred tax-saving instrument…
TDS Payment Rules for Celebrities: The payments made to various artists participating in reality TV shows as guests or judges…
Filing of Income Tax Returns (ITR) for the assessees, who needn’t get their income audited, starts from April 1 every…
Inefficient tax-planning may result in serious depletion of take-home income, especially in the last few months of the financial year,…
Budget 2020 India: Among the many expectations of taxpayers, one key expectation is the restoration of income tax benefit on…
Rental income earned from jointly owned property is taxable in the hands of each co-owner, in proportion of the share…
You may face obstacle in claiming tax deductions on interest payment and principal repayment if home loan is taken in…
During the year, employees are expected to submit proof of expenses incurred in support of the declaration.
However, the large taxpayers who are almost 12.5 per cent of the total eligible taxpayers with total tax amount of…
The 2 ITR forms notified by CBDT for the assessment year 2020-21 are ITR-1 Sahaj and ITR-4 Sugam.
You have just three months to put your tax savings plan in action. So, look at these last-minute tax-savers
The ITR 1-Sahaj is for individuals being a resident having total income up to Rs.50 lakh, having Income from Salaries,…
TDS on payments: The Section 195 of the Act was amended by Finance (No.2) Act 2019 “in order to streamline…
The National E-Assessment center has extended the time limit for filing of responses to notices issued under Section 142(1) under…
Health insurance, apart from saving you from the massive cost of medical expenses in case of an adversity, even helps…