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How can you buy all the gold .. Do you have to pay tax even if you sell it? How much tax? Here are...

Gold, mixed with the sentiments and tradition of the Indians, is at the forefront of their investment plans. Because its market value is always growing....

Income Tax Returns: Income tax returns can be filed by 30 November, ITR is necessary for these people to file

The Income Tax Department has increased the deadline for filing income tax returns for the financial year 2019-20 to November 30, 2020, as well...

Income Tax Return filing: Opting for new regime? This is the new form you need to fill

Income Tax Return filing: Are you one of those opting for the new income tax regime? Then, there is a new form that you...

Income tax: Faceless Appeals Scheme challenged in Delhi High Court

A petition has been filed in Delhi HC seeking a direction to government to grant an opportunity of hearing to all taxpayers/assessees under the...

Income Tax return: Did High value transactions or large investments ? New Form 26AS will capture it all

The form not only reflects the TDS deducted by your employer or bank but also details of various financial transactions. 30 November - Extended due...

Points individuals should be aware of while filing their ITR

The tax return process starts with identifying the correct tax return form (‘form’) to be filled. This is determined based on an individual’s residency, nature...

Income Tax Return Date: Big relief to those who pay income tax, now tax will be paid till this date!

Income Tax Return Date: Coronavirus spread from China has made a deep impact on the economy of the whole world. The sad thing is...

The well-trodden path to becoming a crorepati, without being an investment guru

The power of compound interest is not limited to textbooks, in real life it is a sure shot pathway to becoming a crorepati. All...

Major differences between Corona Rakshak, Corona Kavach, and other coronavirus health insurance policies

Many insurance companies have formulated their Corona Kavach and Corona Rakshak policies based on guidelines issued by the Insurance Regulatory and Development Authority of...

Income Tax Department Alert! CBDT issues clarification on TDS, TCS norms applicable from 1st October

The Central Board of Direct Taxes (CBDT) has issued a detailed clarification in regard to the new TDS and TCS norms set to become...

Scrip-wise info in ITR must only for those seeking LTCG exemption: CBDT

Scrip-wise details of listed shares sold by taxpayers are sought in the ITR (income tax return) for assessment year (AY) 2020-21 only for assessing...

Income Tax Dept launches Faceless Income tax Appeals to streamline collection process & check corruption

The Income Tax Department has launched Faceless Income tax Appeals. In a statement, the Central Board of Direct Taxes (CBDT) said, under it, all...

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