Tax You May Need to Pay on Gifts This Diwali

Beginning October, the festive season from Dussehra to Diwali comes with celebrations,…

Got foreign assets? You must file ITR

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

Know the tax implications on ULIP schemes

Unit Linked Insurance Policies (ULIP) offer a combined benefit of wealth creation…
HRA

Income Tax in Case You Own More Than One House Property

If a taxpayer owns many house properties, the Income Tax Act allows…

Advance tax second instalment due date is here! Points to keep in mind

Advance tax and tax deducted at source (TDS) are the direct tax…

Do Bloggers Pay Tax? How?

The millennial generation has substituted the way we humans used to work…

CBDT Extends Time to File Application for Settlement

The Central Board of Direct Taxes (CBDT) extended the time for taxpayers…

CBDT Prescribes a Form for Senior Citizens of 75 Years and Above

The Income Tax Act requires individuals to file income tax returns if…

Who Can Opt for the Presumptive Taxation Scheme For Professionals?

Under the Income Tax Act, a presumptive taxation scheme has been notified…
Gold rate

Gold Investment: Tax Treatment of Various Forms of Gold

There are various forms of gold where one can invest. It is…