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All you want to know about Rs 2,000 bank note exchange! Clear all your doubts here!
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If you are depositing more money in the bank account, then keep a complete record of its source. Department can take action if it is not satisfied with your answer.
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Analysts were quick to point out that the incentive will leave out a major pool that has regularly reposed their trust in India.
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If you are an ardent gamer who has played on fantasy gaming platforms like Dream11, MPL during this IPL or indulged in any other sport, then read on
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Under the current rules, you are charged a certain percentage of TCS everytime you remit funds abroad, even if it is within the LRS limit
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Income Tax Department now works on the logic that a person can hide his earnings but cannot hide his expenses or investments. In the last few years, the Income Tax Department has made a mechanism, by which the expenses and investments are monitored. Watch this report to know more
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When an old housing society is redeveloped i.e. it is made afresh. Then the builder provides the landlords with a place to live or gives money to live on rent. Until their own house is not available. Usually this money is used to live on rent in another house. So how will you be taxed in this case. Check out in this video
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The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that due to a re-development project, the old flat owners will not have to pay tax on the rent received as compensation from the builder
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CTC is not the actual salary, rather made up of many components such as basic pay, house rent allowance, special allowance, variable pay, employer’s EPF contribution etc
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Special Allowance component of salary usually includes things like Fuel and Travel Reimbursement, LTA, Phone Bill Reimbursement, etc. These things are available to the employees as reimbursement and can be used to save taxes...
