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CATEGORY

Income Tax

NPS Tier II Tax Saver Scheme 2020 & Benefits

Key Highlight: Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS. Laws and Regulations: Section 80C...

5 lesser-known tax saving options.

When people start their career journey and get their first job, they more or less do not care much about tax saving since the...

Six recent changes in tax compliance requirements you must know

As individuals and businesses are struggling to restart their work after the removal of the nationwide lockdown imposed to contain the spread of COVID...

30 Ways to Save and Plan your Income Tax this year

As you all know, from FY 2020-21, Govt provides 2 income tax option to the salaried individuals, an old tax regime under which one...

Advance tax instalment to be paid by June 15

Advance tax is to be paid in different instalments. Unless the tax department changes the rules, at least 15% of the tax due for...

What is new in the new ITR forms for AY 2020-21?

The notified income tax return forms enable taxpayers to claim tax deductions for tax-saving investments, payments, donations, and investments for capital gains exemption, made...

Direct Tax Reforms Due to Covid-19 Pandemic

Coronavirus Disease 2019 (COVID-19) is a Pandemic disease as declared by the World Health Organization (WHO) and was identified in Wuhan, China, and is...

What is new in the New 26AS Form? Here is all you wanted to know ITR filing for AY 2020-21

We all have been familiar with Form 26AS where we verify details of tax deducted by our employer. Likewise for retired and pensioners, the...

FAQs on Authority for Advance Ruling

Q. Are the Advance ruling, binding on taxpayers or tax authorities? A. An advance ruling pronounced by the Authority is binding on the follows: - ...

Growth Trajectory of Direct Tax Collection & Recent Reforms

There are reports in a certain section of media that the growth of direct tax collection for the FY 2019-20 has fallen drastically and...

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Taxclue
TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building.