Factors to be considered for choosing the new tax regime under Budget 2020

For the upcoming FY 2020-21, the Union Budget 2020 proposes to introduce…

CBDT Clarifies the TDS Applicability on Mutual Fund Dividend

The budget proposes for the abolition of Dividend Distribution Tax (DDT) paid…

Imported ‘non-essential’ items could become costly in Budget 2020

Imported goods may become costly in the coming Budget of 2020. The…

Government may lower PF contribution under the new Social Security Bill

The government is likely to lower the provident fund contribution under the…

IT department to allow payment of tax assessment demands in instalments

The income tax department had raised tax demands in the tax assessments…

Now, pay a single premium for multiple cars you own

Owners of multiple vehicles will soon be able to pay a single…
Tax

Government considering 2-year holding period for LTCG tax

The government is seeking advice from tax experts on the long-term capital…

Government considering hike in the tax deduction limit under section 80C

The government is looking into a proposal to enhance the deduction limit…

Expectations from the Union Budget 2020 due on 1 February 2020

The Union Budget for the financial year 2020-21 is due to be…

Government is mulling to scrap Merchant Discount Rate on debit cards

The government is considering the scrapping the Merchant Discount Rate (MDR) applicable…