How Diwali Gifts May or May Not Attract Income Tax?

The day of lights, gifts, and sweets is around the corner. Are…

Tax Query: Can a HUF have its own PPF account?

I have two PPF accounts, one under my name and another one…

Natural gas, aviation turbine fuel to be added to the GST ambit

Union Petroleum Minister, Dharmendra Pradhan, has appealed the Finance Minister to include…

All you need to know about Permanent Account Number

Permanent Account Number (PAN) is a unique ten-digit alphanumeric identity issued by…
Tax

Tax Query: Income tax, LTCG and HRA exemption

I want to sell a flat for Rs 25 lakh, which I…
Dearness allowance

Diwali Bonanza – Dearness Allowance Hiked by 5 per Cent

Our Prime Minister, Narendra Modi, announced the highest ever hike of 5…
RBI

Repo Rate Slashed Fifth Time in a Row; Now at 5.15 per cent

The Reserve Bank of India (RBI) announced a short-term lending rate cut…
CBDT

CBDT to Quote Unique DIN in Every Communication From 1 October

Every communication issued by the income tax department from the 1st of…

Slash in personal tax rate to boost the consumption in the economy

The government may slash the personal income tax rate in the move…

CBDT extends the ITR filing deadline for tax audit cases to October 31

The Central Board of Taxes (CBDT) extended the deadline to file income…