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…
Statistics Study

Consumer Spending Falls for the First Time in Four Decades in 2017-18

A survey done by the National Statistical Office (NSO) shows a fall…

Government-run websites to be subject to transparency audit

The centre has ordered government-run training institutes to carry out transparency audit…

Government to announce income tax amnesty scheme for tax evaders

The direct tax revenues collections have risen by only 3% so far…