Tax optimiser: How salaried Karthik can store Rs 1 lakh tax via perks, NPS

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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...

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...

Data analytics to check tax evasion

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Recently a status committee of Parliament tabled a file on the status of unaccounted earnings and wealth, both inside and outside India. Three countries...

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...

Govt widens scope of direct tax code to make compliance simpler for taxpayers

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NEW DELHI: The government on Wednesday widened the scope of a brand new direct tax code at the drafting board to make compliance simpler...

EPF withdrawal taxable or tax-loose? Here are 5 matters to recognize

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EPF or employee provident fund savings are intended for retirement years. So economic planners suggest early withdrawal. To discourage early withdrawal, the authorities have...

Investor, High Net Worth & Business Owners: Last-Minute Tax Tips & Tactics

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Tax the rich, feed the poor, ‘till there are no rich, no extra.” Ten Years After’s is one in all my all-time favorite tax...

Disclose overseas earnings in tax returns or face penal action

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Black Money has usually been a factor of difficulty for India, and the authorities have been trying to deal with it for ages. Recognizing...

India seeks Swiss tax branch’s help in probe in opposition to six Essar firms

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NEW DELHI/BERNE: India has sought the Switzerland tax branch's help in a probe towards six businesses of the Essar organization, which include the ones...

What’s with the passport? Akshay Kumar, no matter Canadian citizenship, is certainly one of...

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NEW DELHI: With actor Akshay Kumar, the modern-day version of Manoj Kumars Bharat, subsequently accepting that he's a Canadian citizen and being trolled relentlessly...