CBDT directs employers to ask preferred tax regime of employees for TDS deduction

The Central Board of Direct Taxes (CBDT) issued a circular directing employers…

Taxes one has to pay when making money online

Online businesses are booming and gaining popularity not alone in India but…

Direct Tax Revenues Increase by 68% to Rs.6.92 Lakh Crore

Between 1st April and 23rd November 2021, the net direct tax collections…

Government Collects Rs.2.41 Lakh Crore From Income Tax in Q1

The Finance Ministry stated that the government collected over Rs.1.01 lakh crore…
Tax Exemption

CBDT extends the due dates of certain direct tax compliances

CBDT has acted proactively by extending the major tax filing due dates.…

Union Budget 2021-22: Personal Tax Amendments

The Union Budget 2021-22 was presented on the 1st of February 2021…
Budget 2021 Expectation

Expected Theme for Budget 2021

Our Finance Minister Nirmala Sitharaman is all set to announce the Budget…

Direct Tax Vivaad se Vishwaas 2020- Is it effective?

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

PM Modi launches ‘Transparent Taxation’ With Other Direct Tax Reforms

‘Transparent Taxation’ platform was launched by PM Narendra Modi on 13th August…
ELSS

Tax query: ELSS or FD—Which is the Best Tax Saving Option under Section 80C?

Mr Raman needs to invest Rs 1 lakh in tax-saving mutual funds…