Taxpayers must ensure that they file their income tax returns (ITR) before the deadline, which will enable them to get a tax refund if they have paid excess tax. The tax refund is deposited … READ FULL STORY
The North Delhi Municipal Corporation (NDMC) was formed after the Municipal Corporation of Delhi (MCD) was trifurcated in 2012. On May 22, 2022, the NDMC, the South Delhi Municipal Corporation (SDMC) and the East … READ FULL STORY
May 19, 2023: Income earned through the Mahila Samman Savings Certificates will not attract TDS (tax deducted at source), the Central Board of Direct Taxes (CBDT) has notified. This interest income, however, will be … READ FULL STORY
Come July, citizens are required to file their Income Tax Return (ITR) for the income earned in the last financial year. The due date of the ITR depends on what form the tax payer … READ FULL STORY
Under the Indian Income Tax Act, income from house property can either be profitable or unprofitable. When you declare your income, you have the option to report a loss from house property. If the … READ FULL STORY
Property owners in India have to pay capital gains tax on sale of property. The logic behind the capital gains tax on sale of residential property — the sale of property typically results in … READ FULL STORY
Property deals may sometimes be abandoned halfway after certain advance payments, like token money, have been made. The deal may be cancelled by either the seller or the buyer for a variety of reason. … READ FULL STORY
What is mutual fund? The first thing you should know about mutual funds is that they pool money from many different investors to purchase a diversified portfolio of stocks, bonds, and other securities. The … READ FULL STORY
The Thane Municipal Corporation (TMC) on June 7, 2023, said it had collected a record property tax of Rs 200 crore in only 66 days. “The TMC had prepared the payments for the current … READ FULL STORY
June 15, 2023, is last date to pay the the first instalment of your advance tax for the financial year 2023-2024 (FY24). What is advance tax? Those earning an income in India are … READ FULL STORY
Are individuals required to pay taxes on commissions and brokerages? The answer is yes. You must pay taxes on brokerages and commissions, in accordance with Section 194H of Income Tax Act of India. In … READ FULL STORY
As the deadline to file income tax returns (ITR) for FY 2022-23, which is July 31, 2023, is nearing, most individual taxpayers are busy filing their tax returns online. The ITR filing process has … READ FULL STORY
June 2, 2023: The government should remove GST applicability on flats given free to existing occupants in redevelopment projects, realtors’ body Credai (Confederation of Real Estate Developers’ Association of India) has said. This would … READ FULL STORY
