Factors to be considered for choosing the new tax regime under Budget 2020

For the upcoming FY 2020-21, the Union Budget 2020 proposes to introduce…

Now foreign investors can opt non-filing of tax returns in India

Foreign investors will now have to choose between paying additional taxes and…

Tax Query: How much money can be gifted to parents under IT laws?

I want a HUF in my name. Who is eligible to contribute…

IT department to allow payment of tax assessment demands in instalments

The income tax department had raised tax demands in the tax assessments…

Government considering hike in the tax deduction limit under section 80C

The government is looking into a proposal to enhance the deduction limit…

Expectations from the Union Budget 2020 due on 1 February 2020

The Union Budget for the financial year 2020-21 is due to be…

CBDT grants relaxation on eligibility conditions of ITR-1 & ITR-4

The Central Board of Direct Taxes (CBDT) has granted relaxation in the…
Dearness allowance

Tax Query: Tax benefit on interest paid on education loan allowed under IT

My 24-year old son wants to pursue higher studies in the UK.…
GST Revenue

2nd National GST Conference Held to Plug Gaps in GST

The second National GST Conference was held on January 7, 2020, chaired…

ITR-1 and ITR-4 forms notified for AY 2020-21 for resident individuals

The Central Board of Direct Taxes (CBDT) has notified ITR-1 and ITR-4…