Income Tax

Alarmed by the rising mountain of direct taxes stuck as arrears or in litigation, the Finance Ministry has come up with incentives/rewards for ‘performance by appellate income tax officers in order to…

Can I take a home loan and buy a house in my wife’s name, who is a housewife? Since I am working I will pay the EMI. We plan to rent out the house and show the rental income in her income to reduce my…

GConnect Income Tax Calculator 2018-19 (Assessment Year 2019-20) with Save Option - Trusted by more than 52000 Registered Users

Download Form 12BB as a Word, Excel or PDF file- All Employees to file Declaration under Form 12BB to claim deduction for savings under Section 80 C, payment of house loan interest under Section 24,…

NEW DELHI: Educational institutions, hospitals, charitable and religious trusts will soon have to file the online application for seeking income tax exemption, the I-T department said Monday. The…

Income or Loss on House Property Calculation - From the Financial Year 2017-18 Section 24 of Income Tax Act allows only Rs. 2 lakh as Exempted income / Loss allowed to deducted from Income in respect…

Income Tax Benefits - Deduction in respect of health insurance premia under Section 80D of Income-tax Act, 1961-2018

What are all the Deductions allowed from my Salary Income for the year 2018-19?

GConnect Income Tax Calculator 2018-19 (Assessment Year 2019-20) - Easy to use Income Tax Planning tool for Central Government Employees and Pensioners

Save tax on home rent even without House Rent Allowance (HRA) benefit

How to Check Income Tax Refund Status online using login for filing income tax return ? - Easy Guide

Income Tax 2018-19 - How Salary Income such as Salary, Gratuity, Leave Encashment, and allowances such as children education allowance, transport allowance, etc are treated under Income Tax provisions…

Income Tax 2018-19 - Exemptions withdrawn and allowed for Salary income during the financial year 2018-19 (Assessment Year 2019-10) - Changes for Salaried Employees and Pensioners

Last Date for filing Income Tax Return has been extended till 15th September 2018 in Kerala Press Information Bureau Government of India Ministry of Finance 28-August-2018 19:00 IST Extension of…

Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/ appeals before Supreme Court.

No extension of due date for Income Tax Return 2017-18 (Assessment Year 2018-19) - CBDT Circular confirms that news on extension of due date for filing Income Tax Return is a rumour

Deduction of Tax Deducted at Source (TDS) in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme (SCSS)

CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs - Order under Section 119 of the Income-tax Act, 1961

The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified.