Form 26AS to include details of high-value transactions

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

Due date to file annual GSTR-4 for FY 2019-20 gets further extended

The government has further pushed the deadline to file the brand new…

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…

Tax Query: What are the tax implications of investing in ELSS?

I invest in ELSS (Equity-Linked Savings Scheme) of mutual funds to claim…
TDS return

Tax Query: Are rental payments liable to tax deduction at source (TDS)?

I am salaried, and I pay rent of Rs 35,000 per month…

Due Dates of These 10 Financial Activities Have Been Extended

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

Tax Query: How are the flexi pay components in my salary taxed?

My annual CTC package includes specific flexi pay components, apart from the…

Latest CBIC Circular Clarifies GST Levy on Director’s Remuneration

The Central Board of Indirect Taxes and Customs (CBIC) has released the…

Banks offer special FD scheme for the benefit of senior citizens

Various banks are offering a special fixed deposit scheme for senior citizens…