A tax on the sacrifices of infantrymen
The e-area is abuzz with reviews and interpretations of the Central Board of Direct Taxes (CBDT) round of June 24 at the modern-day ruling...
Now, pay earnings tax on cumulative cashbacks above Rs 50,000
With tax season looming, one desire to keep in mind at the same time as submitting income tax returns (ITR) that cashbacks availed through...
A few profits tax modifications interim price range 2019 introduced for salaried magnificence
Even though it was an intervening time budget in February 2019, then Finance Minister Piyush Goyal introduced a few adjustments inside the income tax...
EPF withdrawal taxable or tax-loose? Here are 5 matters to recognize
EPF or employee provident fund savings are intended for retirement years. So economic planners suggest early withdrawal. To discourage early withdrawal, the authorities have...
Data analytics to check tax evasion
Recently a status committee of Parliament tabled a file on the status of unaccounted earnings and wealth, both inside and outside India. Three countries...
Income tax e-filers drop by using over 6.6 lakh in FY19: Official statistics
NEW DELHI: In a first in the latest records of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lahks,...
Tax tribunal rejects I-T department’s valuation tax math
Yes, if the valuation is computed through the discounted cash flow technique, or DCF, as consistent with a tax tribunal ruling. Many agencies, inclusive...
Tax queries: Sections 54, 54F deductions to be had only for LTCG
My father built a house in Jharkhand in 2000, for which the full fee incurred turned into Rs 15 lakh. I had booked a...
Tax optimiser: How salaried Karthik can store Rs 1 lakh tax via perks, NPS
Hyderabad-based total software program engineer Ganesh Karthik can pay an excessive tax because his pay structure isn't always taxed-friendly. House hire allowance is the...
Income tax return filing for AY 2019-20: Key modifications in ITR bureaucracy and new...
Recently, the Indian government has notified new tax go-back paperwork for FY2018-19 (assessment yr 2019-20) applicable for people, corporates, and different classes of taxpayers....
