Is income tax applicable on Bonus Income?

Did you know that tax deductions don’t apply for the incentives and…

Senior citizens with Rs 5 lakh income qualify for TDS exemption

As per the Central Board of Direct Taxes (CBDT) notification, senior citizens…

Changes to Direct Tax Code under Modi Government

You can expect the direct tax code to change as the task…

How to fill income from other sources in new ITR-1 form

The Income Tax Department has recently amended the ITR forms applicable for…

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…