Got foreign assets? You must file ITR

Income Tax Act makes it mandatory for the ‘resident’ individuals to file…

IT compliances related to the sale of immovable property by NRI in India

When a non-resident Indian sells property located in India, the Income Tax…
HRA

Salaried Employees Can’t Claim Both Deductions Under Section 80GG and HRA

The income tax department has sent notices to many salaried employees to…
TDS return

New Income Tax notification about TDS on contractual and professional payments

The Finance Ministry has recently notified that Form 26QD has to be…
Dearness allowance

Diwali Bonanza – Dearness Allowance Hiked by 5 per Cent

Our Prime Minister, Narendra Modi, announced the highest ever hike of 5…
CBDT

CBDT to Quote Unique DIN in Every Communication From 1 October

Every communication issued by the income tax department from the 1st of…
Corporate tax

Can Corporate Tax Cuts Revive the Indian Economy?

The Indian government has cut corporate tax rates across the board to…

Rajiv Kumar appointed as the new Finance Secretary

Rajiv Kumar, the former Secretary of the Department of Financial Services, was…

IT department updates the income tax return forms 2 and 5 again

The income tax department has recently made further changes to the income…

Is the extra Rs 1.5 lakh deduction for home loan announced in Budget 2019 useful?

Mr Ravi wanted to purchase a house property worth Rs 45 lakh…