Can salaried individuals take NPS deduction in the new tax regime?

The taxpayers can choose between the new tax regime or the old…

Income tax on listing gains in an Initial Public Offering (IPO)

Due to more awareness via social media, newspaper and news channels, IPOs…

ITR filing due date extended but no relief in payment of income tax

The income tax department had extended the timeline of filing the income…

What is the TDS provision for rent paid by individuals above Rs 50,000?

Many people are unaware of TDS provisions while paying rent on the…

RBI Restricts Mastercard from Onboarding New Customers from 22nd July

The RBI restricts Mastercard, the second-largest payments system provider, from issuing debit,…
Tax Exemption

Calcutta High Court: Stay on TDS collection on cash withdrawals

The Calcutta High Court, on 8th July 2021, passed a landmark interim…
Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…