Budget 2021 Expectation

Expected Theme for Budget 2021

Our Finance Minister Nirmala Sitharaman is all set to announce the Budget…
Tax Exemption

Made a mistake while filing return? File a Revised Return

In the last-minute rush to file the return near the deadline, there…

Budget 2021 Expectations & Latest News Updates: Indian Budget Analysis from ClearTax

Budget 2021 will be announced on 1st February 2021 addressed by FM…
Tax Exemption

What is Jhatpat Processing Scheme of the Income Tax Department?

The income tax department introduced a new initiative ‘Jhatpat Processing’ for simplifying…

What is Jhatpat Processing Scheme of the Income Tax Department?

The income tax department introduced a new initiative ‘Jhatpat Processing’ for simplifying…

Missing ITR deadline will lead to double penalty, Finance Ministry

The income tax department received numerous requisitions to extend the last date…
Tax

Implication of long-term capital gain tax for transaction in US stocks

Determining residential status Firstly, to determine the applicability of long-term capital gains,…

Direct Tax Vivaad se Vishwaas 2020- Is it effective?

Finance Minister Nirmala Sitharaman introduced “Vivaad se Vishwaas” also known as the…
Tax Exemption

How to e-file ITR on https://www.incometaxindiaefiling.gov.in/home?

The due date for e-filing your income tax return is 31st December…

Farm Reform Laws 2020

The Modi government has seen taking huge bold steps in the economic…