Financial technology

Do foreign technology companies pay their fair share of tax on their business activities?

The advent of technology has given rise to the digital platform and…
HRA

Salaried Employees Can’t Claim Both Deductions Under Section 80GG and HRA

The income tax department has sent notices to many salaried employees to…
RBI

RBI deputy governor directs banks to monitor mudra loans

Banks lend uncollateralised loans under the Pradhan Mantri Mudra Yojana (PMMY). To…

Returns on investments in tax-free bonds vs fixed deposit

Tax-free bonds are not subject to tax deduction at source (TDS) on…
Corporate tax

Income tax department launches a portal for exchange of information

The income tax department has launched a web portal for the exchange…
Dearness allowance

IT department notifies TDS certificate for payments made to contractors

The Union Budget 2019 has introduced a provision for tax deduction at…

Pay your income tax through UPI, credit cards and mobile wallets

At present, taxpayers can pay their income tax dues through net banking…

Tax liability on interest received on NRE accounts for NRIs upon return

Individuals not residing in India maintain a Non-Resident External (NRE) bank account.…
State Bank of India

SBI report suggests tax exemption for income from SCSS

Senior Citizen Savings Scheme (SCSS) is a regular income scheme for senior…

Government likely to introduce completely pre-filled income tax returns

For the AY 2019-20, the government had modified the income tax returns…