Tag: TAX

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Tax filing deadline extended. That doesn’t mean relief...

Like last year, the government has provided relief under Section 234A to taxpayers whose self-assessment tax is up to ₹1 lakh. Interest...

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Got a message on high value transaction from tax department?...

As per the Income Tax Act, 1961, interest income received from fixed deposits and savings bank account is chargeable and required...

Finance

Salaried employee working from home? Check Income Tax rules...

Income Tax Return (ITR) filing for salaried employees during work from home 2021: The Income Tax filing season has started.

Finance

Income tax: 5 sources beyond PF, PPF, NPS that are tax...

While ITR filing, the taxpayer is advised to use income tax calculator properly as there are some sources of income other than PF,...

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Relief for taxpayers as govt announces various measures,...

The last date for PAN-Aadhaar linking too has been extended by three months to September 30, 2021

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Government extends tax deadlines, exempts funds received...

The CBDT has also granted relaxation for uploading Forms 15G/H – declarations to be submitted to banks to avoid deduction of tax on...

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Good news for taxpayers! Last date extended for filing...

Taxpayers can submit the filings that were due on April 1 or later till the end of May or until the last date specified in the notice....

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Penalties likely on not completing these PPF, NPS, tax-related...

In case of post office recurring deposit, the monthly contribution has to be deposited before the fifteenth day of the month for accounts...

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Govt backs merger of 2 tax slabs in GST

The central government is in favour of merging the goods and services tax (GST) rates of 12% and 18% into a single slab

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In case of double taxation, you can get DTAA benefit

There will be no income tax implications in India on the transfer of funds from your NRO account to your brother’s NRO account

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Haven’t filed ITR? Now, pay more TDS

There are existing provisions that provide for deduction of TDS or TCS at higher rates in case of non-furnishing of PAN card The new...

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Avoid paying tax on salary or FD interest twice, Tax treaties...

A double tax avoidance agreement (DTAA) is a treaty that India signs with another country to help non-resident Indians (NRIs) living...

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Taxpayers who had done high value transactions in FY19...

Taxpayers who filed tax returns and did a high-value transaction in FY2018-19 but an equivalent didn't reflect in their ITR, are becoming...

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5% tax on foreign fund transfer from October 1

Indian students studying abroad, Indian tourists going abroad and Indian investors investing in stocks, bonds, and property abroad...

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Employer's contribution to EPF, NPS over Rs 7.5 lakh proposed...

The employer's contribution over Rs 7.5 lakh in a fiscal to retirement funds is proposed to be made taxable.

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Golden Opportunity for Tax Payers to Verify Previous Income...

Forget to verify your previous year tax returns? Don’t worry because CBDT has come up with a Golden Opportunity for those taxpayers...

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PM Modi launches Transparent Taxation platform

Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The ‘Transparent...

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Tax payers get two months extra for filing FY19 income...

CBDT invoked the powers given under the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance brought out in March...

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CBDT to launch e-campaign to ask certain taxpayers to file...

CBDT said that under the e-campaign the taxpayers will be able to access details of their high value transaction related information...

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5 tax saving options other than Section 80C

From saving for your retirement to keeping your family protected from medical bills, these tax-saving avenues are a perfect mix of...

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