I am a housewife (non-senior citizen) and earn ₹6 lakh by way of interest from bank deposit, ₹4 lakh by way of dividend from listed companies and ₹2 lakh by way of rental income from residential ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to ...

Let's first know what is income tax refund? The term "income tax refund" refers to a refund amount started by the income tax department when the amount paid in taxes exceeds the actual amount payable.

Homebuyers wins: The income tax dept imposed Rs 1.42 crore short term capital gains (STCG) on house that was sold in FY 2009-10. This flat was alloted on October 7, 2005 and was registered in FY ...

The Central Board of Direct Taxes (CBDT) has issued new rules to streamline the correction of income tax refund errors. The move empowers CPC Bengaluru to rectify mistakes in tax computation, prepaid ...

Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From understanding why, you received a notice to responding correctly within ...

ITAT Delhi permits set-off of brought forward long-term and current year short-term capital losses against long-term capital gains, overruling CPC and ...

I am a senior citizen living on pension and on some investments. In 2017, I was misled into joining a ULIP on the promise of much higher return than a fixed deposit, by a bank staff of a leading ...

T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...