income tax act

Tax deduction on home loans is up

Tax deduction on home loans is up

Finance Minister Nirmala Sitharaman has raised the tax deduction limit to Rs 3.5 lakh on interest paid on housing loan sanctioned during ...Read More

5 Benefits You Should Always Remember When It Comes to Life Insurance

5 Benefits You Should Always Remember When It Comes to Life Insurance

There’s a serious problem many of us are not talking about. Recent research estimates that roughly three quarters of Indians do not have ...Read More

Beating drums to sell attached assets? Sebi says no more

Beating drums to sell attached assets? Sebi says no more

Mumbai: Beating drums and shouting aloud may have a lot of dramatic value to attract potential bidders, but capital markets regulator Seb...Read More

Startups seek scrapping of angel tax proposal

Startups seek scrapping of angel tax proposal

Mumbai: As the government grapples with ‘angel tax’, the Mumbai Angels Network on Wednesday said scrapping a contentious section in the I...Read More

Clubbing income: After or before deduction?

Clubbing income: After or before deduction?

Clubbing of income in context of the Income Tax Act (ITA), is when the income of a person is not taxed in that person’s hands but instead...Read More

Panel set to overhaul, simplify direct tax laws

Panel set to overhaul, simplify direct tax laws

New Delhi: The finance ministry on Monday said the task force to draft a new direct tax law to replace the existing Income Tax Act will s...Read More

Sec. 54F: An important ruling

Sec. 54F: An important ruling

As per Sec. 54F of the Income Tax Act, one can claim deduction on long-term capital gains tax earned on sale of assets other than residen...Read More

CBDT extends deadline for filing ITR, audit report till October 31

CBDT extends deadline for filing ITR, audit report till October 31

New Delhi: The government Monday extended by a fortnight till October 31 the deadline for filing Income Tax return (ITR) and audit report...Read More

CBDT amends Section 16 of Income Tax Act

CBDT amends Section 16 of Income Tax Act

New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday announced that the Finance Act, 2018 has amended Section 16 of the Income...Read More

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Low-cost home loans face higher risk of defaults: Report

Mumbai : Even as government policies give huge thrust to affordable housing, data reveals elevated risks in the segment for lenders becau...Read More

No deductions if I-T returns filed late

No deductions if I-T returns filed late

New Delhi : Finance Minister Arun Jaitley has quietly slipped in a draconian provision in the Union Budget presented on Thursday to deny ...Read More

Budget 2018: Experts welcome hike in health insurance premium for senior citizens

Budget 2018: Experts welcome hike in health insurance premium for senior citizens

Mumbai: Providing relief to senior citizens, Finance Minister Arun Jaitley on Thursday raised the Section 80D limit of the Income-tax Act...Read More

Budget could realise housing expectations

Budget could realise housing expectations

The “Housing for All by 2022” mission has set the stage for a robust recovery in the residential property market. In the past two years, ...Read More

Electoral bonds vital for transparency in political funding, opines Arun Jaitley

Electoral bonds vital for transparency in political funding, opines Arun Jaitley

New Delhi : Days after the presentation of the Electoral Bond scheme before the Parliament, Finance Minister Arun Jaitley on Sunday opine...Read More

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Rs 2,600 crore package for leather, footwear sectors

New Delhi : The government on Friday approved a Rs 2,600 crore special package for employment generation in the leather and footwear sect...Read More

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AAP IS MIFFED WITH IT NOTICE OVER DONATIONS

New Delhi : The Aam Aadmi Party was on Monday served a notice of Rs 30 crore by the Income Tax department over donations received by it, ...Read More

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Bhopal: I-T honchos know nothing of their junior’s letter

Bhopal: P K Mishra, the Income Tax Officer (ITO) of Harda district has written a letter to the deputy director of the Krishi Upaj Mandi o...Read More

Indore: New Benami property Act no longer a paper tiger

Indore: New Benami property Act no longer a paper tiger

Indore: Benami Transaction (Prohibition) Amendment Act 2016 that came into effect on November 1, 2016 is no longer a ‘paper tiger’. Post ...Read More

Jan Dhan deposits touched to a new high of Rs64, 564 crore

Jan Dhan deposits touched to a new high of Rs64, 564 crore

Bank accounts can be opened with a zero balance under the PMJDY

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Can GST push legal online ticketing business to embrace illegal path?

Mumbai :Across India, lottery tickets business employs around 8-10lakh people directly and indirectly and now, it is living in fear on wh...Read More

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