EPFO to pay interest for FY 2019-20 in two instalments

The Employees Provident Fund Organisation (EPFO) has decided to pay the interest…

Tax Query: Can I claim deduction for expenses from commission income?

I run an agency for online travel bookings, including tickets and accommodation.…
HRA

Tax Query: Is rental income taxable for the recipient or the owner?

I am the owner of house property and also receive rent from…

Form 26AS to include details of high-value transactions

The income tax department is streamlining taxpayer information, reporting of income and…

Tax Query: Can I claim deduction on PPF or medical insurance payments?

I am a self-employed individual. I contribute to a PPF account in…

Bharat Bond ETF offers long-term investment benefits with liquidity and low costs

A subscription to the Bharat Bond ETF is open to the retail…

Tax Deduction for Government Subscribers to Tier-2 NPS Accounts

The government recently notified Tier-2 NPS accounts as a tax-saving tool for…

Tax Query: What is the tax deduction available on interest on house loan for repairs?

I got my house repaired and took a bank loan for funding…

Taxpayers with self-assessment tax due should pay by 31 July 2020

For the AY 2020-21 (FY 2019-20), the government extended the tax return…

Tax Query: What are the tax implications of investing in ELSS?

I invest in ELSS (Equity-Linked Savings Scheme) of mutual funds to claim…