Through a notification, the Central Board of Direct Taxes (CBDT) has amended Income Tax Rules to include TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals, professional fees and interest

Loans against MF being secured loans have much lower interest rate than personal loans. You can get a loan typically upto 50% of the market value of your investment

If you do not take timely action to save this TDS deduction you will have to wait for more than a year to file your ITR next year and then wait for few more months to get the refund

After the announcement of the lockdown, the government anticipating cashflow problems of salaried employee allowed them to get funds from their EPF balance

The government has extended income tax returns (ITR) filing deadline for FY 2019-20 to November 30, 2020, from July 31

The deadline for filing of income tax returns for 2019-20 has been extended from 31 July to 30 November 2020

According to K.E. Raghunathan of AIMO, the MSMEs who are in need of funds are hesitant to avail the loan facility only to meet non-productive expenses and suffer from servicing of the loan later

While auto drain and humidity control are gradually becoming popular, some brands are even adding inverter technology for low power consumption and Wi-Fi for smart connectivity

If a part of the director's remuneration is not declared 'salary' as per the company books of accounts, it'll be treated as fees for professional or technical services and hence GST will be levied

Indias economy is expected to shrink in FY21. The government has come out with several reforms of late to make the country a global manufacturing hub and push jobs and growth

ICICI Bank is offering an interest rate of 6.55% to senior citizens when compared to 5.75% it offers to general public. HDFC Bank is giving additional 0.75% to senior citizens and offering FDs at 6.5%

All ITR forms, including Sehaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V, will have separate space for mentioning investments made during quarter that can be availed as exemptions or deductions

Under the tax law, banks, mutual funds, companies and registrar, etc are supposed to furnish details of high value transactions

It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

However, categories such as ice-cream has seen a 80 per cent dip in sales. Amul is also sitting on huge inventory of milk powder, with HOREKA sales coming to a halt

Worst impacted by the pandemic are the ice-cream manufacturers, as consumers are staying away from ice-cream due to the fear of contracting coronavirus

\"The travel and tourism sector is going through a very bad phase. It has taken a severe beating due to the COVID-19 outbreak with lakhs of people dependent on it suffering immense losses and job cuts,\" the report said

Fiscal impact, or cost to government, of the relief package for coronavirus - touted to be worth Rs 20.97 lakh crore - is in the range of Rs 1.5- Rs 3.08 lakh crore, according to top ratings agencies

\"The steps taken under the Atmanirbhar Bharat economic stimulus will help the country in the long term but the emergent issues facing the retail industry have not been addressed,\" RAI Chief Executive Officer Kumar Rajagopnoalan said in a statement

A Barclays report suggests that in the five tranches of announcements, the actual fiscal impact is to the tune of Rs 1.5 lakh crore including the largest single additional cost of Rs 40,000 crore due to higher allocation to MNREGS