No adjustment of IT refund up to Rs 5,000 against outstanding demand

Every taxpayer looks forward to speedy processing of their income tax refunds.…

You Can Still Save Taxes for FY 2019-20 Till 31 March

The beginning of March rings in alarm amongst taxpayers who haven’t saved…

Received an intimation from the IT department? Here’s how to rectify

Once your income tax return is processed, the intimation will show the…

Tax Query: Should NRIs file ITR in India if taxable income exceeds Rs 2.5 lakh?

If a non-resident Indian (NRI) has a vacant and locked house along…
Dearness allowance

Tax Query: How to report loss on ESOPs in the income tax return?

Mr Sumit has suffered a short-term loss of Rs 1 lakh under…
Gold Jewellery

It’s Wise to Keep Gold Receipts Safely; It Can Help Your Taxes Later

Purchasing gold jewellery is generally a big-ticket expense. Considering the amount you…

Government likely to introduce completely pre-filled income tax returns

For the AY 2019-20, the government had modified the income tax returns…

A slowing economy impacts growth in income tax returns

The number of income tax returns filed for FY 2017-18 stood at…

All you need to know about Permanent Account Number

Permanent Account Number (PAN) is a unique ten-digit alphanumeric identity issued by…
Link Aadhaar

Deadline to link PAN and Aadhaar is 31 December 2019, says government

Every taxpayer is required to link their Permanent Account Numbers (PAN) with…