
When it comes to selecting appropriate tax-savers, people usually check the return prospect, risks involved, and liquidity of their chosen…
From an individual tax perspective, most of the proposals of the Finance Bill, 2020 have been incorporated in the Act…
Although the record keeping agencies clarify their stand on effect of date extension on NPS investments, things are not very…
As per Section 44ADA, a resident individual, engaged in any business/ profession can declare income on presumptive basis only if…
Investors are confused if investments till June 30 should be made for FY 2019-20 only, or it may be done…
One of the key changes in the Finance Act was the amendment in provisions of residential status of an individual…
The Finance Act received Presidential assent on 27 March 2020. It contains the tax proposals for FY 2020-21, which would…
Investors need to submit Form 15G/15H every year at the beginning of the financial year to ensure that no tax…
Even if you choose to migrate to the new income tax regime, you may still save tax for the Financial…
Due to nationwide lockdown, it has become difficult for many taxpayers and investors to invest on time to avail tax…
The government has allowed taxpayers to invest in PPF, NSC, ELSS or any other tax saving scheme by June 30,…
CBDT said that assessees holding valid certificates for FY20 would get the benefit of extension, which otherwise would expire on…
Both the government and the RBI have announced several relief measures to minimise the impact of coronavirus on financial markets,…
The taxpayer will have to pay a late filing fee even if there is no tax due to be paid…
Though taxes are difficult to avoid, there are numerous strategies to help ward them off. To get clear insights into…
Investors need to contribute to NPS a few days before the end of a financial year, as there is some…
There are various provisions in the Income Tax Act, 1961, whereby, even though an individual has not made an investment…
The optional new tax regime may bring substantial tax benefit for the taxpayer depending upon the exemptions or deductions claimed…