Eligible instruments for the purpose of Section 80C are tax-saving fixed deposits, Senior Citizens’ Saving Scheme, NSC, etc. You can also c...

If you reinvest the earnings from your investment and earn further income, then such income will not be clubbed with the husband’s taxable ...

You will not be eligible for a one-time exemption for investment in two houses as this is available on the sale of properties on or after 1...

One can save capital gains tax by investing sale amount to purchase a house within 2 years from date of sale or construct a house within 3 ...

There is no tax on EPF balance till the date of retirement. However, according to a recent ruling, any interest credited to EPF account aft...

According to the Income-Tax Act, people residing in India are subject to tax in India for their global income and such income will be taxed...

Section 80D of the Act allows taxpayer to claim deduction of Rs 50,000 towards medical expenditure incurred on himself or a family member w...

"If the amount is not utilised within three years for purchasing/constructing a house, it will be taxable after the expiry of three years f...

Taxability of the capital gain on selling an immovable property like real estate will depend upon the holding period by the individual.

"Damani and I had a a difference of opinion. He was of the view that it should be very low cost while I thought that we are beyond a superm...

Budget 2016 had proposed that investors receiving dividend in excess of Rs 10 lakh a year pay 10% in taxes on the gross amount of dividend ...

IDS is a scheme under which a person who has not disclosed income for earlier assessment years can make a disclosure of income subject to c...

In a major incentive, startups can now issue shares to investors at higher than fair value without worrying about tax consequences.

To improve tax collection, the CBDT asked Principal Chief Commissioners of Income Tax to set up local committees to deal with grievances on...

Tax practitioners said that the CBDT clarification has come as a huge relief to fund houses and would avoid litigations and related costs a...

Amar Ujala Publications founder Rajul Maheshwari along with his family will purchase the 14 per cent stake of the Ashok Agarwal and family.

Amsterdam-based Transfer Pricing Associates has tied up with Indian chartered accountant firm Ashok Maheshwary & Associates.