Taxman may prosecute for delayed payment of TDS

Tax deductors are obliged to deduct tax at source on a variety…

IT Department requires details on foreign donations received by trusts

The Income Tax Department on Tuesday proposed amendments to seek additional details…

Key Changes to ITR-1 & ITR-2 for FY 2018-19

The new Income Tax Return (ITR) forms for AY 2019-20 have been…

Complete salary break-up asked in new ITR-2 return form

The Income Tax Department (ITD) has recently released ITR 2 excel utility…

Advance Tax Deadline Approaches

The last day for paying the last and final instalment of Advance…

Non-filers, you have a 21-day deadline, says Income Tax Department

Income Tax Department has noticed that certain taxpayers, with high-value transactions, haven’t…

How can your employer help you save taxes?

Every employee looks for a lucrative CTC or salary package, and they…

Budget 2019: Income tax exemption limit likely to be increased to Rs 5 lakhs

There is little over a week left till our Finance Minister Arun…

Budget 2019: Will the Middle-Class Sector stand to gain? – A Brief Analysis

The announcement of the budget is just around the corner, and like…

Notices to harass small companies in masses are misleading, says CBDT

The Central Board of Direct Taxes (CBDT) has recently clarified that certain…