House Rent Allowance (HRA) Claims Under Scrutiny. How To Avoid Rejection
Recent rulings from income tax tribunals on house rent allowance or HRA claims have brought the tax rebate to the fore.
New Income Tax Rules on Home Loan Come into Effect – Details Here
The government has changed income tax rules that could increase the tax outgo of those who have taken a home loan for a property that has been rented out.
Salary Income Tax – Govt introduces one page ITR-1 Return
Salary Income Tax – CBDT introduces new Income Tax Return Forms for AY 2017-18 – Introduces one page simplified ITR Form-1(Sahaj)
New Income Tax Return Form To Seek Details on Cash Deposits Made During Demonetisation
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the simplified Income Tax Return (ITRs) forms.
Filing Income Tax Returns to be less Painful as Government simplifies ITR Forms
A crisp income tax form for salaried individuals will be introduced from April 1, doing away with some columns to simplify the filing of returns.
1 अप्रैल से बदल जाएंगे इनकम टैक्स (Income Tax) से जुड़े ये 10 नियम
Starting from April 1, 2017, some income tax laws will change. Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017.
Income Tax Department tightens the noose on Benami Act violators
The Income Tax Department on Friday warned that those who undertake Benami transactions would invite Rigorous Imprisonment (RI) of up to 7 years.
Income Tax Department’s Operation Clean Money gets Overwhelming Response
CTBT Press Release on Income Tax Department’s Operation Clean Money gets Overwhelming Response
I-T Dept developing Mobile app to make Income Tax filing easier
In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assessees to pay taxes or apply for PAN using smartphones.
New Income Tax Rates And Deductions Applicable From April 1, 2017
Although the basic income tax exemption limit remains the same at Rs. 2.5 lakh, there are many exemptions available in the Income Tax Act.
Income Tax Frequently asked Questions (FAQs)
Income tax Department has established an independent portal for e-filing of return. The taxpayers can log on to www.incometaxindiaefiling.gov.in for the purpose.
Income Tax relaxation for NPS under Finance Bill 2017 (Budget 2017)
Finance Ministry Press Release on Income Tax relaxation for NPS under Finance Bill 2017 (Budget 2017)