New Form 26AS notified with effect from 1 June 2020

Form 26AS is an annual statement stating the tax payment details including…

Taxation of dividend income received on or after 1 April 2020 (FY 2020-21)

You may receive a dividend from your equity or mutual fund investments.…

Tax Query: Is the rental income of an NRI subject to TDS?

I am a resident of India. I, along with my wife, receive…

Does a TDS rate cut reduce your income tax liability?

The economic stimulus package announced by the government reduces the TDS and…

Tax Query: What will be the TDS rate for payment to professionals after 14 May?

I am an architect who runs his profession. In the course of…
TDS return

Finance Minister Announces 25% Rate Reduction on TDS and TCS

The Finance Minister Nirmala Sitharaman made an important tax-related announcement in a…

Aatmanirbhar Bharat Abhiyan – Part 1 (Highlights)

To implement the Aatmanirbhar Bharat Abhiyan announced by the Hon’ble Prime Minister…

Tax Query: What is the tax benefit of investing in GOI bond instead of FD?

I am 45 years old. I have investments in mutual funds and…

IT department speeding up the processing of pending income tax refunds

The government will release pending income tax refunds up to Rs 5…

Employees can choose new tax regime at the beginning of financial year

Individual taxpayers have the option to choose a new tax regime from…