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October 23, 2020, Friday
Taxes taking a bite out of your salary? Use Section 197 to manage cash flow
Only payments made after submission of this certificate are eligible for lower or nil tax rate
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October 23, 2020, Friday
Investors must prepare tax-filing checklist early to avoid hiccups
With the task turning more complex, procrastinating will compound your problems
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October 23, 2020, Friday
Not verifying your income tax returns might have serious consequences
Refunds get blocked, losses aren't carried forward, and you could face a penalty
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May 25, 2020, Monday
Old income tax regime or new? Work out the math before you make your choice
Compute your income-tax liability twice, under the old system and the new. Factor in likely events like job loss of pay cuts
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May 25, 2020, Monday
Re-evaluate the tax regime you've chosen if your salary has changed
For different income levels, there are different break-even deduction points. If you can avail of higher deductions than that, ...
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March 06, 2018, Tuesday
Pay of employees deputed abroad isn't taxable in India, TDS doesn't apply
A new AAR ruling provides relief to employees deputed overseas and who receive salaries abroad as well as in India
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May 23, 2017, Tuesday
Filing I-T returns under 'presumptive taxation' may lower tax liability
Professionals will need to maintain detailed records if they fall under the ambit of service tax
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April 17, 2017, Monday
Update details to link PAN and Aadhaar, mismatch leads to failure
Difference of even a single alphabet in the names given means linking won't happen
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February 02, 2017, Thursday
Family trusts will need to pay tax on dividend income
This move would impact the estate planning of the company promoters, say tax experts
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October 23, 2020, Friday
GST-registered businesses to get pre-filled return form soon: GSTN CEO
GSTN, which handles the IT backbone for GST has already started providing tax liability data based on sales return GSTR-1 of the ...
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October 23, 2020, Friday
Lower tax collected at source rate on funds remitted for education
But a higher rate will be levied if PAN isn't furnished
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May 25, 2020, Monday
How to deduct TDS against salary under new rules from April? CBDT clarifies
The circular also addresses the confusion that there cannot be a change in option by the employee during the year, coming as a ...
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May 25, 2020, Monday
You can claim 100% tax deduction on donation towards PM CARES Fund
The government has provided tax relief and extensions in deadlines for statutory compliances
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June 07, 2018, Thursday
Ambiguity over classification of rental income makes filing returns tricky
How return is filed will depend on whether you rent it on apps like Airbnb or simply let it out
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February 26, 2018, Monday
GST: What happens if person files return but doesn't make payment of taxes?
Under the GST law, the filing of return without payment of taxes shall not be considered as a valid return
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May 03, 2017, Wednesday
Trump era and return of the NRI: Tips for people shifting back to India
Determine tax residency status, pay taxes, get bank accounts re-designated and buy insurance covers
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April 13, 2017, Thursday
Rent receipts not enough to prove House Rent Allowance claim
You need to have a leave & license agreement, proof of money paid and proof of owner's tax status
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December 22, 2016, Thursday
Presumptive tax benefits only for units getting digital payments
Small businesses will have to show separate accounts of digital payments to get the benefit
