NRIs extending their stay in India may get taxed in India

The lockdown and suspension of international flights have resulted in NRIs extending…

Tax Query: What is the tax benefit of investing in GOI bond instead of FD?

I am 45 years old. I have investments in mutual funds and…

New ITR forms to enable a claim of tax benefits up to 30 June 2020

The government will notify revised ITR forms for filing income tax returns…
Tax

Tax Query: What is the amount of tax exemption available for gifts to children?

I am employed for the past 20 years and have accumulated savings…

IT department speeding up the processing of pending income tax refunds

The government will release pending income tax refunds up to Rs 5…

Employees can choose new tax regime at the beginning of financial year

Individual taxpayers have the option to choose a new tax regime from…

Tax Query: Can I claim deduction on housing loan under new tax regime?

I have a house property let out for an annual rent of…

Tax-savings investments made in FY 2019-20 extended till 30 June 2020

Taxpayers who have not been able to complete their tax-saving investments for…

COVID-19 combat goodies keeps the Indian consumption less affected

The COVID-19 menace has shaken the best of nations across the world,…

COVID-19: Highlights of FM Press Meet on 24th March 2020

To relax regulatory and compliance distress among the citizens of India amid…