CONCEPT OF MARGINAL RELIEF
Applicability of surcharge : surcharge is applicable as under ASSESSEES ...
8 things you must know about the Undisclosed Foreign Income & Assets Bill, 2015
The Undisclosed Foreign Income & Assets (Imposition of Tax) Bill, 2015 has been passed in both t...
Black Money Bill: All You Need to Know
Black Money Bill: All You Need to Know The black money Bill was passed by the Lok Sabha on Monday. C...
Government to modify new income tax return forms
Government today said it has decided to “modify” the new Income Tax Return (ITR) forms i...
Got your refund, but is it less than expected?
You finally get the refund for last year, but to your surprise find that the refund credited is a lo...
Fresh notices, MAT assessments put on hold for FIIs
The Central Board of Direct Taxes (CBDT) has said it will not issue any new demands for payments, an...
2 ways new homeowners can offset tax this year
There’s always more room to save just a little more with taxes. Which is why today we bring to you...
“My father and I took a home loan jointly, but the property is in my father’s name. Will I be able to claim deduction for interest?”
Anurag was elated that his job helped his family buy a house. Anurag and his father pooled in their ...
What is TDS and How is it Calculated?
What is TDS? TDS is simply Tax Deducted at Source. As per the Income Tax Act – persons responsible...
All about claiming deduction on interest under section 80TTA
Section 80TTA provides a deduction of Rs 10,000 on interest income. This deduction is available to a...