Reporting long-term capital gains on shares in ITR form for FY 2018-19

Taxpayers are required to report long-term capital gains (LTCG) on the sale…

Income tax department launches ‘e-Filing lite’ for taxpayers

The income tax department has launched a new and lighter version of…

Tax for Middle-Income Earners Likely to Change under Direct Tax Code

In November 2017, the Indian government formed a task force to evaluate…

FM all set to make India a sustainable economy in the next 5 years

FM Nirmala Sitharaman through her first-ever maiden Budget in July 2019 has…

Tighter Tax Rules on Religious and Education Trust Income

The income of religious and education trusts is mostly tax-free. That is,…

Nudging Tax Revenue: Of Reward Programmes and Effective Schemes

According to statistics, only seven lakh assessees filed their service tax returns…

IT department updates the income tax return forms 2 and 5 again

The income tax department has recently made further changes to the income…

ITR Filing: How to Claim Income Tax Refund Online

The income tax department has reportedly extended the last date for ITR…

Due date to file income tax returns extended to 31 August 2019

The income tax department has extended the due date for filing income…
Tax

Mandatory disclosing of LTCG making ITR filing tough

The government has made it mandatory to disclose long-term capital gains (LTCG)…