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What is Form 10E? How to Claim relief u/s 89 on New Income Tax Portal

Form 10E is all about claiming relief u/s 89 where the taxpayer has received a salary as an arrear or in advance during any...

ITR1-Sahaj AY 2021-22 Senior Citizen having Pension, and Interest Income

Income Tax Department has recently introduced the new Income Tax portal to ease the compliance and to make the portal more user-friendly. How can...

Allowable deduction from salary as per section 16 of IT Act

Section 16 of the Income Tax Act allows taxpayers to claim a deduction from salary: u/s 16(ia), u/s 16(ii), and u/s 16(iii) from Income...

Filing of ITR under the seventh proviso to section 139(1)

An individual is required to file Income Tax Return (ITR) for the respective assessment year as per the seventh proviso to section 139(1) even...

Aditya Birla Sun Life Tax Relief 96 Fund – Tax Saving Fund

Scheme with the objective of long-term growth of capital through a portfolio with a target allocation of 80% in Equity class, 20% in Debt...

Due date extended for filing Income Tax Return AY 2021-22

On 9th September 2021 via a Press release, the Central Board of Direct Taxes further extended the due date for filing of Income Tax...

Taxpayers get an extension in meeting their Income Tax Compliances

Due to increasing cases of COVID-19 throughout the country, keeping in mind CBDT (Central Board of Direct Taxes) has issued Circular No.08/2021 thereby giving...

Download Flipkart Lower Deduction Certificate (LDC) for FY 2021-22

Flipkart has obtained Lower Deduction Certificate (LDC) for the financial year 2021-22. All the Flipkart sellers are supposed to deduct and pay TDS on...

CBDT further extended timelines in wake of increasing COVID cases

Central Board of Direct Taxes (CBDT) on 24th April 2021 has issued a press release whereby the Government has extended certain timelines in light...

Public Provident Fund Scheme 2019 – Government Saving Scheme

Ministry of Finance (Department of Economic Affairs) vide their E-Gazette Notification dated 12th December 2019, G.S.R. 915(E), Central Government while exercising their power as...

All about ITR-1 offline utility AY 2021-22

Income Tax Department on 3rd April 2021 has launched ITR filing offline utility for ITR-1 and ITR-4 for the Assessment Year 2021-22. https://youtu.be/o3Iu2OXWuAY Who can file...

NHAI 54EC Capital Gain Bonds 2021-22 (Tr-XXII)

National Highways Authority of India, a Statutory Body established under the National Highways Authority of India Act, 1988 having its Head Office at G-5...

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