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…

ITR Filing: How to Claim Income Tax Refund Online

The income tax department has reportedly extended the last date for ITR…

Is it right to make Army Disability Pension taxable?

We always praise soldiers for their selflessness and courage put-in to protect…

FinMin: Task force for direct tax code is all set to submit report by July 31

Finance Minister, Nirmala Sitharaman, said that the work on direct tax code…

Budget 2019 introduced the new legacy dispute resolution

Irrespective of the provisions, tax reliefs, and exemptions offered by the government,…

Due date to file income tax returns extended to 31 August 2019

The income tax department has extended the due date for filing income…

Failing to Comply With Angel Tax Rules May Lead to 200% Penalty

The Government of India has been working towards easing the angel tax…

US Firms to Pay Extra 300$ Million in Taxes Post GSP Withdrawal

With India having been terminated as a beneficiary country under the Generalised…