Old vs New Tax Regime: A Focus on Efficient Tax Planning

The new tax regime was introduced in April 2020, and the new…

New Discard Feature on Income Tax Website to be introduced from AY2023-24

The Income Tax (I-T) department has introduced a new ‘Discard ITR’ feature…

CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh

The Central Board of Direct Taxes (CBDT) issued a circular on 16…

Faceless Assessment: CBDT launched Exclusive Email ID to Register Grievance

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

IT department seeks a cut of Rs 1 trillion in FY20 direct tax revenue targets

According to a report published by Business Standard, the income tax department…
CBDT

CBDT to Quote Unique DIN in Every Communication From 1 October

Every communication issued by the income tax department from the 1st of…

ITR Filing: How to Claim Income Tax Refund Online

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

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

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

Treatment of Transport Allowance for Financial Year 2018-19

Employers compensate for the travel expenses incurred by the employees for travelling…

CBDT introduced new changes to Form 16 for FY 2018-19

The tax-filing season is here and it is time for you to…