A rent transaction is a two-way street, and if you think that you will not share your PAN details with your tenant and evade taxes, then you cannot be more mistaken. There are some duties on the part of the tenant, too,...
A resident individual taxpayer can claim a rebate of up to Rs. 12,500 under Section 87A, provided the net taxable income after all deductions doesn’t exceed Rs. 5 lakh. One can file tax return under new regime even if...
To make the platform even more user friendly for its huge subscriber base, they have now launched its own app named ‘Taxguru’. It can be downloaded from Google Play Store and the benefits can be availed by Android users.
You can make premature withdrawals from your employees’ provident fund account only under certain specific conditions. Here’s when and how to go about it
In October 2021, Kotak Mahindra became the first in-line of scheduled private sector banks to get approved as a collection partner for taxes
You must have received your Form 16 from your employer if you are a salaried employee. Here are the basic details and how to go about filing your income tax return
The National Pension System (NPS) is a market-linked pension savings instrument with a variable return, while the Public Provident Fund (PPF) offers returns fixed every quarter and can be used for various purposes
The Central Board of Direct Taxes has announced that the new guidelines on the applicability of the new TDS provision on perquisites received in a business or profession will come into force from July 1
The Central Board of Direct Taxes (CBDT) has issued a circular regarding this under sections 206AB and 206CCA of the Income Tax Act, 1961
The Reserve Bank of India has specified the maximum permissible lending possible to a single entity by an NBFC or a group of connected NBFCs.
TDS on interest earned on excess contributions above Rs 2.5 lakh has been made effective from April 1, 2022, says EPFO
The year 2021-22 marks the highest tax-GDP ratio of 11.7 per cent, with direct tax to GDP ratio at 6.1 per cent and indirect tax to GDP ratio at 5.6 per cent
The interest earned, on PF contributions in excess of Rs 2.5 lakh per annum, has now been made taxable. Should you reduce your PF contributions then? Read on...
The government introduced a list of changes to the existing income tax rules from April 1, 2022. Here’s the list
Ruchi Soya recently came out with its FPO issue of Rs4,300 crore. ONGC too came out with its OFS. What do these terms mean and should you be concerned about...
As the new financial year dawns, you must start organising your finances systematically to be able to save your taxes intelligently
Buying a home early in your life can be an achievement but it is also a step full of challenges and risks. Hence, weigh all the pros and cons before buying...
Capital gains on crypto to be taxed at 30% from 1 April; Bitcoin rises 2.60 per cent in last 24 hours, Ethereum up 2.91 per cent.
When you are planning your tax or investment, it is important to take note of tax saving schemes, too. You could save both on your taxes, while also earn good...
It will be very difficult to say how things will pan out the next year but there is no room to say that good times only last for four quarters, J B Mohapatra...
With the advance tax deadline just a few days away, try to pay on time. A delay will mean paying interest of 1 per cent from the due date till the date the tax...
A panel of state finance ministers is likely to submit its report by this month's end to the Council suggesting various steps to raise revenue, including...
In his maiden budget, the Chief Minister who also holds the Finance portfolio said he has attempted for a balanced development of all sections of the society...
The company, which is now known as Capricorn Energy PLC, in a statement, said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will...
Those with income above Rs 50 lakh face higher taxability due to surcharge and cess of at least 10 per cent.
