FM said that the demand from those who had outstanding tax of up to Rs 25,000 till the financial year 2009-10, will now be waived off
The government has targeted Rs 18.23 lakh crore collection from direct taxes in this fiscal. Till January 10, the mop-up stood at Rs 14.70 lakh crore,
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other
As many as 89 per cent of individuals and 88 per cent of firms say that there has been a big reduction in waiting time to get an income tax refund b
Clubbing of income will remain applicable till the child attains adulthood. After attaining adulthood, this income will be taxable in his own han
When selling capital assets like houses or land, if there is a profit, known as capital gain, then taxes are levied on that profit
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
If the total income of a person from various services including rental income, interest on bank fixed deposits and other professional services exceeds
For most of us, retirement might seem like a far cry. But if you start saving for your twilight years right away, not only will you benefit then, but
In your ITR, if you file your moonlighting monies under the head “Income from business and profession”, you are marking it as fees for the profess