While loans may sometimes be easily accessible, there are occasions when both banks and non-banking financial institutions decline loan requests
If you deposit more than Rs 1 lakh in cash at a single go towards your credit card bills, the Income Tax Department may send you a notice. Not only th
Income-tax collections have risen sharply on back of high advance tax collection
FM said that the demand from those who had outstanding tax of up to Rs 25,000 till the financial year 2009-10, will now be waived off
The government has targeted Rs 18.23 lakh crore collection from direct taxes in this fiscal. Till January 10, the mop-up stood at Rs 14.70 lakh crore,
The taxpayer is required to show interest earnings from all their savings accounts within a financial year in his ITR under the head Income from other
As many as 89 per cent of individuals and 88 per cent of firms say that there has been a big reduction in waiting time to get an income tax refund b
Clubbing of income will remain applicable till the child attains adulthood. After attaining adulthood, this income will be taxable in his own han
When selling capital assets like houses or land, if there is a profit, known as capital gain, then taxes are levied on that profit
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran