Deadline to File ITR For AY19-20 Extended to 30th September 2020

The Central Board of Direct Taxes (CBDT) has extended the deadline for…

Form 26AS to include details of high-value transactions

The income tax department is streamlining taxpayer information, reporting of income and…

Govt Update TDS Rules to Discourage Cash Transactions

The government is planning to increase income tax compliance and discourage the…

Taxpayers with self-assessment tax due should pay by 31 July 2020

For the AY 2020-21 (FY 2019-20), the government extended the tax return…

Due Dates of These 10 Financial Activities Have Been Extended

The outbreak of COVID-19 pandemic and the nationwide lockdown has flipped our…

What NRIs Must Know About Purchasing Real Estate in India?

Though you have been outside India for years now and gained the…

CBDT notifies ITRs for the tax filings of AY 2020-21 (FY 2019-20)

The CBDT has notified the income tax returns for tax filings for…

Tax Query: Is the rental income of an NRI subject to TDS?

I am a resident of India. I, along with my wife, receive…

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…

IT department speeding up the processing of pending income tax refunds

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