Income Tax Return filing: How to disclose foreign income, assets in ITR Income Tax Return: Resident Indians are required to disclose their income from all sources, including foreign investments, in their annual… By Rajeev KumarUpdated: December 5, 2019 13:19 IST
Income Tax department issues 2.10 crore tax refunds till November; Rs 1.46-lakh crore refunded All refunds issued by CPC have been directly credited to the taxpayers’ bank accounts by ECS, eliminating paper cheque and… By PTIDecember 3, 2019 20:25 IST
Is it possible to get tax benefit on education loan for studies abroad? As per Section 64(1A), any income arising or accruing to a minor child (below 18 years of age) shall be… By GuestUpdated: December 3, 2019 08:48 IST
Income Tax Deductions for Individuals: HRA, Deposits to Pension Funds – What you must know Income Tax Deductions for Individuals: You may be aware of the deductions from gross total income available under Income Tax… By GuestNovember 29, 2019 12:12 IST
Digitization of tax ecosystem: Crafting the tax function of the future Though the tax function may be slow to adopt digitised processes, tax authorities are increasingly embracing the value of digital… By GuestNovember 28, 2019 13:39 IST
TDS on Cash Withdrawal: New Income Tax notification details and who will be affected – Explained TDS on Cash Withdrawal: The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS… By Rajeev KumarNovember 26, 2019 11:14 IST
Capital gains: Including home loan interest in cost of acquisition? In a bid to reduce the burden of tax payments, one may consider it lawful to claim interest expense incurred… By Neha MalhotraNovember 26, 2019 00:12 IST
Tax-free bonds Vs fixed deposit for those paying 31.2 per cent Income Tax Currently, most tax-free bonds are offering a yield higher than 5 per cent and comes with liquidity as they are… By Sunil DhawanUpdated: November 25, 2019 18:28 IST
Ignored tax demand? Now pay interest at 1% per month Income arising on sale of capital assets is liable to tax under the head “income from capital gains”. However, long-term… By Chirag MadiaNovember 20, 2019 00:36 IST
Income Tax Exemption under Section 54: When you can get it – ITAT order Exemption under Section 54 of Income Tax Act: A person can claim exemption under Section 54 of the Income Tax… By Rajeev KumarUpdated: November 20, 2019 09:03 IST
Fully auto-populated income tax returns on the cards Currently, some returns (ITR-1 and 2) are pre-filled, with information related to the taxpayer and employer, break-up of the salary… By Sumit JhaNovember 18, 2019 05:28 IST
Reopening Income Tax Assessment: When officials can’t send you notice – ITAT says this Reopening Income Tax Assessment: The Income Tax Assessment Officer cannot send a notice to the assessee for re-opening of the… By Rajeev KumarNovember 15, 2019 17:30 IST
Income Tax Return filing for salaried employees: Here’s all what salaried individuals should know Income Tax Return Filing for salaried individuals: Income Tax Return (ITR) filing is a must for salaried persons. ITR should… By Rajeev KumarUpdated: November 14, 2019 18:59 IST
TDS payment rules: Failing to deduct TDS in these cases may put you in Income Tax trouble Individuals or HUFs, who are not liable for tax audit, can use their PAN instead of TAN for deduction of… By GuestUpdated: November 12, 2019 12:20 IST
Capital gains tax rate depends on holding period For holding periods of more than one year in equity mutual funds, long-term capital gains tax at 10% (excluding cess)… By Dhaval KapadiaNovember 12, 2019 01:54 IST
Income Tax for Senior Citizens: Tax benefits that elderly people get compared to others Compared to non-senior citizens, senior citizens get additional tax benefits as they usually don’t have regular source of earned income. By Amitava ChakrabartyUpdated: November 11, 2019 16:12 IST
More power to taxpayers: Why Income Tax Dept should stop challenging CIT (A) orders? Top official explains The Income Tax department should stop challenging orders of Commissioner of Income Tax (Appeals), which go in favour of the… By Rajeev KumarUpdated: November 11, 2019 14:33 IST
No PAN Card needed! Now quote Aadhaar for these financial transactions What is interchangeability can be understood by the fact that from now on, if someone does not have PAN, he… By Sunil DhawanNovember 8, 2019 12:01 IST
9 Photos ‘Delhi Chalo’ march: Farmers’ agitation enters fifth day; BKU (Ugrahan) to hold protests at toll plazas in Punjab – PHOTOS 2 years agoFebruary 17, 2024
7 Photos PM in Haryana: Modi lays foundation stone of many development projects – PHOTOS 2 years agoFebruary 17, 2024
10 Photos Honor X9b in for review: Unboxing ‘unbreakable’ Honor smartphone with anti-drop display, 5800mAh battery 2 years ago
