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Will hike in fuel prices dent your finances?

New Delhi, July 14 -- Fuel prices have gone up across the country after Budget 2019 levied a cess of Rs.1 per litre and an equal amount of excise duty on petrol and diesel. Typically, when fuel prices... Read More


DIY guide to file your ITR

New Delhi, July 14 -- With just 15 days left before the deadline for filing income tax return (ITR) for assessment year (AY) 2019-20 expires, you must gather all the related information and documents,... Read More


If you miss to file return by due date, you will be penalised, even get jailed

New Delhi, July 14 -- Given that the deadline to issue Form 16 was extended till 10 July, the last date for filing income tax return (ITR) for FY18-19 may get extended well beyond 31 July. But that sh... Read More


TAXING TIMES AHEAD FOR RICH, BOOST FOR LOW-COST HOUSING

New Delhi, July 12 -- Finance minister Nirmala Sitharaman's maiden budget speech lasted for over two hours but she spent about five minutes on direct taxes. Clearly, after February's populist Interim ... Read More


Verify pre-filled data carefully before filing tax

New Delhi, July 7 -- With the deadline for filing income tax return (ITR) for assessment year 2019-20 less than a month away, you may be in a hurry to get cracking, especially with the tax department ... Read More


Budget 2019: Stress on efforts to increase tax filers, make tax filing easier

New Delhi, July 5 -- Over the last few years, there is a vast increase in the number of tax filers. To increase the number further, finance minister Nirmala Sitharaman made proposals to make it mandat... Read More


Budget 2019: Surcharge rate on income tax increased for super-rich

New Delhi, July 5 -- Super-rich will have to contribute more towards tax collection. Surcharge which is charged over and above the tax amount has been increased for those earning above Rs.2 crore. Goi... Read More


How does the insolvency resolution process work?

New Delhi, July 2 -- The insolvency resolution process (IRP) is a one under the Insolvency and Bankruptcy Code, 2016, where the National Company Law Tribunal (NCLT) initiates a corporate insolvency re... Read More


Is it viable to reintroduce estate tax in the upcoming budget?

New Delhi, July 1 -- Ahead of the Union budget later this week, there is speculation that the government may reintroduce inheritance or estate taxes in order to enhance tax revenue and improve tax par... Read More


Tax department tightens the noose on offenders

New Delhi, July 1 -- The possibility of prosecution and imprisonment will soon become more real for tax offenders, thanks to the new guidelines issued by the Central Board of Direct Taxes (CBDT). The ... Read More