Gold rate

How much gold can you hold as per income tax rules?

Do you know that there is a limit to the quantity of…

CBDT has notified conditions for the pension fund

CBDT has been notified to amend the Rule 2DB (ii) and (iii)…
Tax Exemption

Submit response in the e-compliance portal for IT queries

Many taxpayers have received notices or intimation for non-disclosure of interest on…

NRIs to Submit Information Relating to Double Taxation

Several Non-resident Indians (NRIs) and foreign citizens who had visited India in…

Taxability of PF interest on contributions above Rs 2.5 Lakh

The Union Budget 2021 spared the high-income earners from levying any additional…

Faceless Assessment: CBDT launched Exclusive Email ID to Register Grievance

The Hon’ble Union Finance Minister proposed introducing the faceless e-assessment scheme in…

Direct Tax Vivaad se Vishwaas 2020- Is it effective?

Finance Minister Nirmala Sitharaman introduced “Vivaad se Vishwaas” also known as the…

CBDT to Verify UDIN Generated in ICAI Portal for Tax Audit Reports

The Institute of Chartered Accountants of India (ICAI) had made the generation…

Tax on capital gains and rental income from inherited property

An individual may inherit property under a will or through succession. The…

Here’s What Happens If You Miss The ITR Filing Deadline

The due date for the tax filing season for AY 2020-21 is…