Gain on sale of equity mutual funds and ITR filing

The equity-oriented mutual funds are covered under the definition of capital asset…

ITR filing due date extended but no relief in payment of income tax

The income tax department had extended the timeline of filing the income…
Tax Exemption

10 important income tax deadlines that you must adhere to

Once a person falls within the income tax act’s purview, he must…
Tax Exemption

When are you entitled to an income tax refund?

Income tax return filing due date has been extended till 30th December…

New Form 26AS notified with effect from 1 June 2020

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

Finance Minister Announces 25% Rate Reduction on TDS and TCS

The Finance Minister Nirmala Sitharaman made an important tax-related announcement in a…

No adjustment of IT refund up to Rs 5,000 against outstanding demand

Every taxpayer looks forward to speedy processing of their income tax refunds.…

Economic Slowdown Affects Advance Tax Collection Targets

Though a steep revenue collection goal set for 2019-20, the advance tax…

Second instalment of advance tax due by 15th September 2019

The due date to pay the second instalment of advance tax for…