Finance Minister Arun Jaitley said Thursday the number of direct taxpayers is expected to double to 7.6 crore during the…
Short-term capital loss is allowed to be set off against both long-term and short-term capital gains.
Independent capital gains rules are applicable for each asset class. However, there are numerous sections under which if you reinvest…
The government today extended by a fortnight till October 31 the deadline for filing Income Tax return (ITR) and audit…
Taxpayers need to make known their acceptance of the ombudsman’s decision within 15 days of receiving the letter stating the…
Tax deductions under section 80C and other similar sections help people inculcate saving habits as the tax saved on such…
The tax department will start the refund process only after the ITR is verified and the refund amount will be…
Double taxation means taxation of the same income of a person in more than one country. This results due to…
Given that it is the first year for I-T filers after the new indirect tax regime came in, many tax…
Kumar Deduction for tuition fees paid is allowed under Section 80C only if tuition fees is paid to university, college…
Exemption from LTCG tax is provided to the taxpayer if he uses the LTCG to buy a property within two…
The government Monday exempted from income tax the interest payable on rupee denominated bonds issued outside India by a company…
There are tax implications on partial or complete withdrawal of the EPF amount. Here’s all you need to know about…
With increased government focus on tax compliance, ClearTax on Sunday said it expects at least 40 lakh filings through its…
The Union Budget 2018 announced a flat 10% tax on long-term capital gains on equity and equity mutual fund investments.…
Are you aware of the income-tax benefits available to an individual in relation to the education costs as per the…
What to do in case you haven’t received your income tax refund yet and want to check its status? Here’s…
Filing tax returns comes with many advantages for Global Indians. NRIs who have not filed their ITR yet should consider…