
Income Tax Rules Changes 2019: Rates of Income Tax of AY 2019‐20 was proposed to be continued for AY 2020‐21…
If you are about to pay tax for the assessment year 2020-21 and are likely to fall in any of…
The PFRDA has suggested that only interest earned should be taxed and not the entire annuity amount.
Latest TDS Rules: Earlier the TDS was required to be deducted by individuals and HUFs who were subject to tax…
A Return of income which has not been furnished on or before the due date specified under section 139(1) is…
Date for December installment of Advance Tax payment for FY 2019-20 has been extended.
At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to…
Here is how one can save tax even without investing and in the process help build assets or cover various…
Income Tax Return: Resident Indians are required to disclose their income from all sources, including foreign investments, in their annual…
All refunds issued by CPC have been directly credited to the taxpayers’ bank accounts by ECS, eliminating paper cheque and…
As per Section 64(1A), any income arising or accruing to a minor child (below 18 years of age) shall be…
Income Tax Deductions for Individuals: You may be aware of the deductions from gross total income available under Income Tax…
Though the tax function may be slow to adopt digitised processes, tax authorities are increasingly embracing the value of digital…
TDS on Cash Withdrawal: The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS…
In a bid to reduce the burden of tax payments, one may consider it lawful to claim interest expense incurred…
Currently, most tax-free bonds are offering a yield higher than 5 per cent and comes with liquidity as they are…
Income arising on sale of capital assets is liable to tax under the head “income from capital gains”. However, long-term…
Exemption under Section 54 of Income Tax Act: A person can claim exemption under Section 54 of the Income Tax…