The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of certain categories of taxpayers who were liable to file their Returns by 31st July, 2019

Continue Reading The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2019 to 31st August, 2019 in respect of certain categories of taxpayers who were liable to file their Returns by 31st July, 2019

Income Tax Appellant Tribunal denies income tax benefits from sale of old property if new investment in the name of wife

The Income-Tax Appellate Tribunal (ITAT)'s Mumbai bench recently denied a taxpayer I-T benefits available when long-term capital gains arising from sale of a residential property are invested in a new…

Continue Reading Income Tax Appellant Tribunal denies income tax benefits from sale of old property if new investment in the name of wife

Government makes National Pension Scheme (NPS) tax friendly for investors with complete tax exemption to 60% of amount withdrawn on maturity

National Pension Scheme (NPS) is a government-sponsored pension scheme launched in January 2004 for government employees and opened to all sections in 2009. The scheme allows subscribers to contribute regularly…

Continue Reading Government makes National Pension Scheme (NPS) tax friendly for investors with complete tax exemption to 60% of amount withdrawn on maturity