Tax Query: Can I continue with my LIC policy under the new tax regime?

I bought a life insurance policy five years ago. The term of…

NRIs extending their stay in India may get taxed in India

The lockdown and suspension of international flights have resulted in NRIs extending…

Tax Query: What is the tax benefit of investing in GOI bond instead of FD?

I am 45 years old. I have investments in mutual funds and…

How to use your EPF balance during the COVID-19 crisis

Employees in need of funds during the COVID-19 lockdown can withdraw from…

Tax Query: Can NRIs deposit in their existing PPF account and claim tax deduction?

I am a resident of India living in India and am a…

RBI allows for the issue of electronic cards to personal overdraft accounts

At present, banks can issue debit cards to customers with a savings…

New ITR forms to enable a claim of tax benefits up to 30 June 2020

The government will notify revised ITR forms for filing income tax returns…
Tax

Tax Query: What is the amount of tax exemption available for gifts to children?

I am employed for the past 20 years and have accumulated savings…

IT department speeding up the processing of pending income tax refunds

The government will release pending income tax refunds up to Rs 5…

Employees can choose new tax regime at the beginning of financial year

Individual taxpayers have the option to choose a new tax regime from…