Not only mentioning in ITR, but you need to validate your bank account to get tax refund Apart from getting the income tax refund credited in your bank account, pre-validation will allow you e-verifying your ITR by… Updated: June 2, 2020 15:24 IST
ITR-1 Sahaj for AY 2020-21: What has changed and what additional details it seeks from taxpayers ITR-1 has been modified to include deductions being claimed under Chapter VI A for investments being made during April to… June 2, 2020 14:30 IST
Invested during extended period? You have to mention details separately in ITR As the Financial Year (FY) 2019-20 ended in the midst of the nationwide lockdown to contain the spread of COVID-19,… June 1, 2020 16:10 IST
Laid off? You have to pay tax on severance pay Additional compensation/ severance pay given by employer is taxed as ‘profits in lieu of salary’. But gratuity, retrenchment compensation or… June 1, 2020 00:30 IST
New Income Tax Return (ITR) forms for AY 2020-21 notified; Check details CBDT has notified the new ITR forms for FY 2019-20/ AY 2020-21 in line with the amendments made by the… Updated: May 31, 2020 15:46 IST
Income tax Payment 2020: Is your liability over Rs 10,000? Pay Advance Tax before June 30 – Here’s why Income Tax Payment Due Date 2020: Section 234E, which includes penalties for delay in income tax return filing, will not… Updated: May 30, 2020 13:52 IST
Income Tax Return: Filing ITRs to become easy as CBDT notifies new Form 26AS Form 26AS contains details of tax deducted, tax paid and tax deposited along with some other taxable income, like interest… May 29, 2020 19:09 IST
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic… May 29, 2020 10:47 IST
CBDT notifies revised Form 26AS, to now include real estate, share transaction details The revamped Form 26AS will now come into effect from June 1, the Central Board of Direct Taxes (CBDT) said. May 28, 2020 22:44 IST
ITR filing date extended: Will you end up paying more as penal interest? Explained with calculation Income Tax Return (ITR) Filing Date 2020: The Central government recently extended the due date for filing income tax returns… May 28, 2020 13:06 IST
COVID-19: Does prolonged, involuntary presence in India by mobile employees impact personal tax compliance? The residency rules in India are complex and applicability of rules in case of each individual would be different based… May 28, 2020 10:22 IST
All you wanted to know about tax deductions in times of Covid Only employer can decide to cut TDS later in the year May 26, 2020 00:30 IST
Income Tax Saving: How your spouse can help you save taxes Your spouse not only helps you in meeting your social and personal obligations, but can also help you in saving… May 25, 2020 11:00 IST
You may save up to Rs 1,79,400 more tax under Old Income Tax Regime over the New Regime A New Income Tax Regime with more income tax slabs and having lower tax rates than the Old Income Tax… May 20, 2020 15:50 IST
Can you offset stock market loss with Gold ETF? EPF withdrawal, and other queries answered An employee can withdraw funds from EPF account on retirement or can prematurely withdraw money for reasons like job loss,… Updated: May 20, 2020 09:03 IST
Explained: What more Basic + Dearness Allowance you may get in next month salary and tax liability In a case where the CTC does not include the employer’s contribution, then the take-home salary increases by 2 per… Updated: May 19, 2020 15:57 IST
Salary due is taxable for employee even if not paid: Aarti Raote, Deloitte India FE Online caught up with Aarti Raote, Partner, Deloitte India, for her views on how the Covid-19 crisis will impact… May 19, 2020 14:21 IST
Tax Deadline Extension: Don’t get confused as compliance dates of financial years overlap FY 2019-20 has already ended on March 31, 2020 and only some compliance dates have been extended till June 30,… May 18, 2020 14:24 IST
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