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…
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…