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.…

Board Reviews Eligibility of Start-ups to Get a 3-year Tax Exemption

A government official has revealed that start-ups would get a 3-year tax…

IT department suspects Misuse of Tax Exemption on Agriculture Income

The primary occupation in India is agriculture. The government comes up with…

Is income tax applicable on Bonus Income?

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

CBDT introduced new changes to Form 16 for FY 2018-19

The tax-filing season is here and it is time for you to…