
One of the important documents – that helps taxpayers file their returns – is Form 26AS, which contains the figures…
As of now for the financial year 2020-21, the new tax regime is only an option and one may stick…
The time line for investments which are eligible for deduction under Part B of Chapter VIA has been further extended…
Form 16 contains the details of income received from the employer, tax deducted and the deductions availed for the financial…
If you have missed the opportunity to make full tax-saving investments or failed to make minimum investments till March 31,…
In a bid to mitigate the hardship of individual taxpayers and businesses in times of the Covid-19 pandemic, the government…
Due to the COVID-19 pandemic, the government had extended the date till June 30, for making an investment in PPF…
When filing Income Tax Return (for FY 2020-21), you have to calculate tax by adding up income from all sources…
The new Form 26AS will provide the information available with the tax authorities like sale and purchase of property transactions…
Chapter VI A of Income Tax Act contains various sub-sections of section 80 that allows an assessee to claim deductions…
The government had extended the last date till June 30, 2020, for the investors to save tax for FY 19-20.
An important aspect of ITR forms for FY 2019-20 is that the ITR forms have been revised to incorporate the…
However, since your daughter’s income in India is less than the taxable limit, she shall be required to pay taxes…
In case of withdrawal with less than 5 years of contribution, not only the amount withdrawn becomes taxable, but the…
Some firms deposit the TDS without paying full salary, which provide them scope to show higher expenses on account of…
The CBDT circular provides relief to those stranded in India during FY 2019-20. CBDT has also tweeted that another circular…
The notified income tax return forms enable taxpayers to claim tax deductions for tax-saving investments, payments, donations and investments for…
A new Form 26AS has been introduced by the Income Tax Department, which will have far more details than the…