Access I-T return filing account without updating contact profile details The income tax department has relaxed to updating contact profile details the ‘compulsory/forcible’ updation of tax payer details on its return filing website. When this new requirement was introduced on September 22, a tax payer was unable to log in to their e-filing account without […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Low inflation means you pay more capital gains tax Prices rising at a slower rate should be good news. But not if you have earned long-term capital gains tax. The consistent decline in inflation in the past 3-4 years means that long-term capital gains hardly can be escape tax through indexation.
Does the senior citizens savings scheme qualify for section 80C benefits? I am a retired government employee. In June 2017, I deposited Rs 15 lakh in the post office senior citizens saving scheme. Does it qualify under section 80C tax benefits? If so, do I need to save Rs 1.5 lakh as equity-linked savings scheme […]
Cash deposits before demonetization also on government checklist If you thought cash deposits made prior to November 8 last year — when the government announced its demonetization exercise will escape the eagle eye of the tax department, you would be mistaken.
Provision Under Section 44ADA for computing profits and gains of Profession Provision Under Section 44ADA for computation of profit of Profession on Presumptive basis introduced in Finance Act,2016. Many people still unaware of this section and they are declaring their profit below the presumptive basis and their income exceeds the maximum amount not chargeable to […]