
The I-T department has informed that ITR 1 and ITR 4 for AY 2020-21 is available for e-Filing while other…
The Central Government had announced an increase in its contribution from 10 per cent to 14 per cent to the…
The extension in investment deadline provided an opportunity to the investors not only to make up any shortfall in investments,…
Filing ITR is mandatory for assessees having gross total income over Rs 2,50,000 and/or in case any tax is deducted…
Apart from getting the income tax refund credited in your bank account, pre-validation will allow you e-verifying your ITR by…
ITR-1 has been modified to include deductions being claimed under Chapter VI A for investments being made during April to…
As the Financial Year (FY) 2019-20 ended in the midst of the nationwide lockdown to contain the spread of COVID-19,…
Additional compensation/ severance pay given by employer is taxed as ‘profits in lieu of salary’. But gratuity, retrenchment compensation or…
CBDT has notified the new ITR forms for FY 2019-20/ AY 2020-21 in line with the amendments made by the…
Income Tax Payment Due Date 2020: Section 234E, which includes penalties for delay in income tax return filing, will not…
Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest…
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic…
The revamped Form 26AS will now come into effect from June 1, the Central Board of Direct Taxes (CBDT) said.
Income Tax Return (ITR) Filing Date 2020: The Central government recently extended the due date for filing income tax returns…
The residency rules in India are complex and applicability of rules in case of each individual would be different based…
Only employer can decide to cut TDS later in the year
Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving…
A New Income Tax Regime with more income tax slabs and having lower tax rates than the Old Income Tax…