US-based siblings Avani Modi Sarkar and Viral Modi help the Indian diaspora connect with their roots Baby versions of Hindu gods Ganesha, Krishna and Hanuman with squeezy bellies, these toys
Synopsis An individual taxpayer can bring down his/her tax liability by setting off capital gains from one asset with capital losses in another asset. Here's how it can be done.
Synopsis While high inflation is burning a hole in your pocket, there is a silver lining. High inflation also brings down your tax on long-term capital gains which are eligible
Synopsis Amendments made to the way contributions to the EPF, NPS and Superannuation fund have increased the tax burden on certain sections of the salaried class. From a compliance perspective,
Synopsis As per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption on the travel tickets due to the
STORY OUTLINE According to the Income Tax Act, 1961, every individual whose total income exceeds the basic exemption limit is liable to file the relevant ITR. Ideally, the legal heir
Synopsis As per the memorandum to the Budget 2021, "In order to provide relief to senior citizens who are of the age of 75 years or above and to reduce
Synopsis Even if your total income does not exceed Rs 2.5 lakh but the payer of income has deducted taxes and you need to claim a refund from the tax
STORY OUTLINE Till last year, if a taxpayer missed the ITR filing deadline, the maximum penalty he/she would have had to pay was Rs 10, 000. With effect from FY
Synopsis Taxpayers should be aware of how incomes from other sources have to be reported in the tax return and know about the various deductions available to them. This week’s