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Out, You Taxing One!

21 January 2021
Out, You Taxing One! When normalcy prevails, you try to maximise tax benefits by spreading your investments through the year. That steady, planned approach helps you mop up the Rs 1.5 lakh deduction under Section 80C. The special set of situations...

Income tax refund of this amount will not be paid by tax dept

21 January 2021
Income tax refund of this amount will not be paid by tax dept As per government press note, if the amount of tax refund or tax payable is less than Rs. 100, then you are neither liable to pay such tax demand amount nor will you receive such refund...

Senior citizens: Strike a balance between tax saving and liquidity

21 January 2021
Senior citizens: Strike a balance between tax saving and liquidity   The government offers several benefits to senior citizens in the matter of income-tax (I-T). Such benefits come either in the form of enhanced deductions or relaxations in tax-...

Faceless penalty scheme to help boost  transparency, compliance

21 January 2021
Faceless penalty scheme to help boost  transparency, compliance   To further digitize the interaction between the taxpayers and the income tax authorities, the government notified the “faceless penalty scheme" (FPS) last week.

Covid-19 impact: Companies bolster risk handling after a year of bouncers

21 January 2021
Covid-19 impact: Companies bolster risk handling after a year of bouncers   After the Covid-19 pandemic, companies are carrying over their learnings in managing unforeseen risks, following the events of 2020. Read more in this Business Standard...

Key Expectations for the Real Estate Industry

21 January 2021
Key Expectations for the Real Estate Industry   Union Budget 2021

Why timelines to get Sections 54, 54F tax benefit need to be longer

21 January 2021
Why timelines to get Sections 54, 54F tax benefit need to be longer Union Budget 2021 With the budget around the corner, the Mint Money team has zeroed in on some pain points in taxation that the government may want to address. Dr. Suresh Surana,...

ITR: बिना पेनल्टी अभी भी फाइल कर सकते हैं रिटर्न, चेक कर लें आखिरी तारीख

7 January 2021
ITR: बिना पेनल्टी अभी भी फाइल कर सकते हैं रिटर्न, चेक कर लें आखिरी तारीख  

Income Tax Return: Missing Jan 10 due date would straightway attract double late fee

7 January 2021
Income Tax Return: Missing Jan 10 due date would straightway attract double late fee

Avoid filing revised income tax returns for faster processing under the Jhatpat scheme

5 January 2021
Avoid filing revised income tax returns for faster processing under the Jhatpat scheme The Jhatpat processing facility helps in new return filings through ITR1 and ITR4. But filing revised returns will lead to scrutiny.

Tax return filing deadlines extended: Complete the process quickly to save on interest and penalty

5 January 2021
Tax return filing deadlines extended: Complete the process quickly to save on interest and penalty On account of the disruption due to the COVID-19 pandemic, the Income Tax Return filing deadline for the assessment year 2020-21 has been extended for...

De-jargoned: Buyback vs open offer

5 January 2021
De-jargoned: Buyback vs open offer   This financial year, buybacks were mostly done to reward shareholders. Buybacks are voluntary unlike open offers which are automatically triggered based on Securities and Exchange Board of India (Sebi) guidelines.

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