Banks offer special FD scheme for the benefit of senior citizens

Various banks are offering a special fixed deposit scheme for senior citizens…

CBDT notifies ITRs for the tax filings of AY 2020-21 (FY 2019-20)

The CBDT has notified the income tax returns for tax filings for…

New Form 26AS notified with effect from 1 June 2020

Form 26AS is an annual statement stating the tax payment details including…

Tax Query: Can I claim tax deduction on stamp duty for purchasing a flat?

I had purchased a flat in January 2020 for Rs 60 lakh. …

Taxation of dividend income received on or after 1 April 2020 (FY 2020-21)

You may receive a dividend from your equity or mutual fund investments.…

Tax Query: Is the rental income of an NRI subject to TDS?

I am a resident of India. I, along with my wife, receive…

B2B transactions exempt from deploying e-payment facilities u/s 269SU

Every business with a turnover above Rs 50 crore in the previous…

Does a TDS rate cut reduce your income tax liability?

The economic stimulus package announced by the government reduces the TDS and…

Tax Query: What will be the TDS rate for payment to professionals after 14 May?

I am an architect who runs his profession. In the course of…

Indian government considering a 10-year tax holiday for new business

The Indian government is planning to give a tax holiday for new…