Are you an NRI with inoperative PAN? Here's what you can do nowAfter the expiry of deadline to link PAN with Aadhaar on June 30, 2023, it may happen that an NRI finds that his/her PAN is inoperative. If...
22 Jul, 2023, 10.51 AM IST
New tax regime may impact charity donations owing to higher exemption limitBased on the government’s expectations, nearly two-thirds of taxpayers are expected to opt for the new tax regime, which has now become the...
10 Feb, 2023, 12.29 PM IST
Budget 2022 expectation: Standard deduction hike, income tax relief for saving for kids' educationMuch desired by taxpayers from the upcoming Budget 2022, an increase in standard deduction and extra deduction for education expenses would...
21 Jan, 2022, 11.53 AM IST
Budget had marginal income-tax relief, compliance rationalisedIt has been interestingly proposed that for ULIPs taken on or after Feb 1, 2021 the maturity proceeds of policy with an annual premium of m...
02 Feb, 2021, 04.33 PM IST
Middle class set to gain from higher tax deductions likely in Budget 2021Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight...
14 Jan, 2021, 12.37 PM IST
Two changes proposed in definition of residency in Union Budget 2020This will make it easier for tax authorities to determine residential status of such individuals without asking for passport copies. Indivi...
03 Feb, 2020, 01.25 PM IST
NRIs may have to pay tax in India if not paying anywhere else: Budget 2020Budget 2020 has proposed to tax NRIs in India, who are not paying tax anywhere in the world.
02 Feb, 2020, 02.13 PM IST
Buying non-resident’s flat involves TDS risksIf there’s no or wrongly deducted TDS, the I-T dept takes action- interests, penalties and imprisonment, against the buyer and not the non-...
08 Aug, 2018, 02.45 PM IST
Government may include some sectors in 'soft compulsion' pension schemesUnder the soft auto enrolment, employees of an organisation are automatically included into pension schemes unless they opt out of it.
15 Mar, 2017, 03.41 PM IST
Dormant employee provident fund account may earn interestThe age limit for withdrawal on retirement has been increased from 55 years to 58 and only partial early withdrawal is now permitted.
28 Feb, 2016, 11.10 AM IST
PFRDA asks government to give tax incentives, expand pension coverPeople in the informal sector aren't adequately covered under the pension scheme and something has to be done for them, Contractor said.
09 Dec, 2015, 03.40 PM IST
Things you should know before investing in a property overseasFind a consultant who has knowledge of the relevant laws of India and the country where you are looking to purchase the property.
16 Mar, 2015, 08.26 AM IST
Taking a joint home loan with your spouse? Here's how you can save more taxA joint housing loan can also bring tax benefits and this has been a big draw with many working couples.
12 Dec, 2014, 01.46 PM IST
No change in new pension scheme tax reliefInterestingly, the Budget papers said the limit of deduction under Section 80C was raised to encourage household savings.
12 Jul, 2014, 01.08 PM IST
- Retail biggies like Foodworld, Spencer's, Food Bazaar cease to accept Sodexo coupons
Retailers say food coupons is eating into their margins as coupons need to be verified & sent to Sodexo and only after that do retailers re...
09 Jan, 2012, 06.46 AM IST
- A job abroad needn't keep you out of tax net
The most important point is that the individual should try to plan his/her journey in such a way that he/she becomes a non-resident in Indi...
09 Aug, 2011, 04.46 AM IST
How to make sure your e-return is not rejectedIf you are e-filing your tax returns, here are the errors you should avoid while sending the ITR V. Printing the ITR V form correctly is cr...
25 Jul, 2011, 05.04 PM IST