income tax act

Not linked Aadhaar-PAN card yet? You may have to pay Rs 10,000 as a penalty: Know more

Not linked Aadhaar-PAN card yet? You may have to pay Rs 10,000 as a penalty: Know more

The deadline to link your Aadhaar and PAN card is on March 31

Good news taxpayers: These incomes are still exempt under the new tax regime

Good news taxpayers: These incomes are still exempt under the new tax regime

Don't despair, these incomes are still exempt.

How and when can you get Income Tax Exemption under Section 54?

How and when can you get Income Tax Exemption under Section 54?

The Income Tax Act (ITA) provides for exemption from tax on long-term capital gains under two separate sections, Section 54 and Section 5...Read More

How you can save tax upto Rs 17,000 on interest earned on saving account

How you can save tax upto Rs 17,000 on interest earned on saving account

According to Income Tax Act, Post office savings account interest up to Rs 3,500 is exempt for single a/c and up to Rs 7,000 for joint a/c.

BJP is only worried about 'Dhandaata', not 'Anndaata': Congress spokesperson Surjewala

BJP is only worried about 'Dhandaata', not 'Anndaata': Congress spokesperson Surjewala

New Delhi: A day after the government slashed the domestic corporate tax to 25.17 per cent, Congress spokesperson Randeep Singh Surjewal...Read More

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

It has proposed dramatic changes to the Income Tax Act, which dates back 58 years.

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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