The student loan tax deduction explained, a step by step guide

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If you are in the USA, you may be interested to know that there is a student loan tax deduction. This allows anyone with...

Money laundering in apparel of donations; govt denies tax gain to Bioved research society...

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The Central Board of Direct Taxes (CBDT) has denied the benefit of deductions to donors to an Uttar Pradesh-primarily based clinical studies society, Beloved,...

Income tax e-filers drop by using over 6.6 lakh in FY19: Official statistics

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NEW DELHI: In a first in latest records of tax filings, income tax e-filings in FY2019 have dropped by extra than 6.6 lakh, a...

Year-give up tax compliance for NRIs

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India has witnessed the sizable movement of individuals throughout the globe, which results in tax incidence of their new you. S. A. Of house...

Now, pay earnings tax on cumulative cashbacks above Rs 50,000

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With tax season looming, one desires to preserve in mind at the same time as submitting income tax returns (ITR) that cashbacks availed thru...

Tax filing falls 1% in FY19,indicating overall slowdown:Report

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The number of people filing income tax returns has declined using a complete 1 percent in financial 2019, notwithstanding the multiplied authorities' focus to...

Income tax return filing for AY 2019-20: Key modifications in ITR bureaucracy and new...

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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...

A few profits tax modifications interim price range 2019 introduced for salaried magnificence

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Even though it was an intervening time budget in February 2019, the then Finance Minister Piyush Goyal introduced a few adjustments inside the income...

No GST on tax amassed at supply levied on items: Finance ministry

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New Delhi: The finance ministry on Friday supplied a remedy to investors using retreating a rule that required them to charge goods and services...

Tax queries: Sections 54, 54F deductions to be had only for LTCG

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My father built a house in Jharkhand in 2000, for which the full fee incurred turned into Rs 15 lakh. I had booked a...