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Save tax through these methods, invest for higher returns
Investment planners point out to five avenues to get tax breaks that might leave you with the option of putting your money in non-guaranteed-return in
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ITR e-filing up 9% over FY20, Maharashtra tops list
There has been a 9% growth in online ITR filing for FY21 with 7.38 crore users compared to 6.77 crore users in FY20. However, in the Assessment Year 2
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Income Tax returns for AY20-21: Relief for taxpayers as government extends deadline
Due to the impact of the second wave of the coronavirus pandemic, CBDT said it had received representations from various stakeholders for relaxation o
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Cash transactions: Know the rules to avoid the taxman’s ire
Under Section 269ST, a blanket restriction has been placed on the recipient on acceptance of cash for an amount of Rs 2 lakh and above
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New ITR forms notified: Here’s all you need to know
Individuals receiving income from sources other than business or profession can file ITR 2. Also, those individuals who cannot file ITR 1, will be eli
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New ITR form: Here’s everything you need to know
Due to the amendment in Section 1961 of the Income Tax Act, necessary changes have been made in the ITR form
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Changes in I-T rules that you need to know
From April 1, interest on EPF exceeding the limit of Rs 2.5 lakh in any year will be taxable during withdrawal
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Five tax-saving investment options under Section 80C
Under Section 80C, you can claim a maximum deduction of Rs 1,50, 000
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I-T refunds of over Rs 2.62 lakh crore issued in FY21
The refunds issued in 2020-21 marks an increase of almost 43.2%, the I-T department said
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Deadline for filing declaration under Vivad se Vishwas scheme ends
Over 1.28 lakh declarations were filed under the scheme till February 22 involving disputed tax of Rs 98,328 crore
