Income-Tax Forms: A Note for Senior Citizens

The income-tax (I-T) department notifies specific income-tax return (ITR) forms for availing…

New Tax Regime: A Quick Take on Exemptions

The new tax regime is known to extend simplified tax slabs and…

6 Things You Must Know About Gift Taxation This Diwali

Diwali, the festival of lights, is an occasion where you exchange cash…
Tax Exemption

Tax Query: How can I claim tax exemption under the LTC cash voucher scheme?

I am planning to buy household electronic goods worth Rs 60,000. My…

Govt. Provides IT Exemption for Properties in New Delhi’s Unauthorised Colonies

Homeowners belonging to New Delhi’s unauthorised, but now legalised colonies, heaved a…

IT rules specify allowances for employees choosing new tax regime

The new tax regime is effective from FY 2020-21. Employees choosing the…
Tax

Tax Query: What is the amount of tax exemption available for gifts to children?

I am employed for the past 20 years and have accumulated savings…

Union Budget 2020: Boost for Infrastructure Sector

The Union Budget 2020 has announced sops for the ailing infrastructure sector.…

Tax liability on interest received on NRE accounts for NRIs upon return

Individuals not residing in India maintain a Non-Resident External (NRE) bank account.…