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Total 1023 results found. Search for [ income tax deduction ]

Results 1 to 21 of 1023
Aprajita Sharma
New Delhi, January 19, 2021
The Budget 2021 is much awaited from taxpayers' point of view, who expect COVID-19-linked relief in income tax for the financial year 2020-21. Saraswathi Kasturirangan, Partner, Deloitte India expects the government to announce some tax deductions on expenses that the employees may have incurred during work-from-home such as phone bills or utility costs. Speaking to Business Today's Aprajita Sharma, Kasturirangan also talked about how the tax relief under section 87-A needs a revision, if tweaking the income tax slab structure is not an option. She made a case for offering some tax exemptions under the new tax regime and cautioned a COVID-19 cess, beyond health & education cess, of 4 per cent would not be a great idea. Watch the video for more.


PTI
January 10, 2021
Confederation of Real Estate Developers' Associations of India, which has around 20,000 members from across the country, also recommended tax incentives to boost investment in Real Estate Investment Trusts (REITs)


Team BT
New Delhi, January 6, 2021
How the FM can make it a 'never before' Budget. Top experts weigh in


BusinessToday.In
January 4, 2021
Traders' body FAIVM advocated levying income tax on partnership firms and limited liability partnerships at 22 per cent instead of the present 30 per cent, bringing it at par with corporate tax rate


PTI
December 19, 2020
Other recommendations include extending tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement, ECGC coverage to the banks for export finance, and higher budget allocation to the Department of Commerce


Aprajita Sharma
December 15, 2020
If you are below the age of 60 years and buy an individual policy or a family floater covering your spouse and children, the tax deduction will be available up to Rs 25,000 per annum


PTI
December 6, 2020
Chamber in its pre-budget memorandum to Finance Ministry stated that for purpose of section 35 of Income Tax Act, \"scientific research\" should include any research related to COVID-19


Sandeep Deshpande
December 1, 2020
If an assessee travels to any other region in India, the current rules will apply for that year. To qualify for the block, the assessee must travel at least three out of four years in that block to specified regions


Naveen Kumar
November 30, 2020
Most of the NPS funds have delivered attractive return without taking higher risk. As on November 20, 2020, the seven-year annualised return of five out of six equity funds with track record of seven years is above 11 per cent, while the sixth fund also delivered decent return of 10.17 per cent


Naveen Kumar
November 27, 2020
\"One can claim HRA exemption and interest deduction on a housing loan simultaneously if one satisfies all of the conditions for claiming so,\" says Kapil Rana, Founder & Chairman, HostBooks Ltd. Let us understand the conditions that will allow you to claim both the tax benefits together


Naveen Kumar
New Delhi, November 25, 2020
You can save taxes either by investing in government-notified products or by claiming exemptions on certain type of expenses. The lowdown


Aprajita Sharma
November 18, 2020
If you are a Dream11 team player you must know the money you win is not entirely yours. The prize money is your income from other sources that will attract taxes just like your primary income. Prize money in Kaun Banega Crorepati is also taxed


BusinessToday.In
October 20, 2020
As per a survey conducted by Nielsen for PGIM Mutual Fund, 51 per cent of Indians do not have a retirement plan ready and barely one in five takes inflation into account while planning for retirement


BusinessToday.In
October 20, 2020
The deadline for filing income tax returns (ITR) for financial year 2018-19 has been extended by two months till November 30


BusinessToday.In
October 19, 2020
Scheme is voluntary and taxpayers with income up to over Rs 10 lakh may be incentivised for supporting a poor family with Rs 5,000 per month; govt can incentivise taxpayers with around Rs 50,000 tax deduction apart from exemption offered under 80C


Naveen Kumar
October 16, 2020
I-T filing 2019-20: Since the current tax filing involves the income earned during the financial year 2019-20, you must check all deductions allowed in that financial year


Khyati Dharamsi
New Delhi, October 15, 2020
You may consider taking on debt due to low interest rates, even in these uncertain times. The question is how much and in what ways


Naveen Kumar
New Delhi, October 15, 2020
Picking the right ITR form is critical for filing hassle-free income tax returns


Mansi Jaswal
October 13, 2020
In terms of tax benefits, there are not any exclusive schemes for women. Any individual can claim up to Rs 2 lakh as a tax deduction for interest paid on a home loan. In respect of principal repayment, an individual can claim a deduction up to Rs 1.5 lakh on a self occupied property


Aprajita Sharma
October 12, 2020
FM Sitharaman on her part has put forth the suggestions but the discretion lies with states and private organisations. At least some of them are expected to offer similar benefits


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