An individual is required to file a tax return when his total income exceeds the basic exemption limit of Rs 2.5 lakh, say experts
If you receive Rs 30 lakh in cash during marriage, is it taxable? Read to find out
Only senior citizens (resident individuals of age 60 years or more) are not required to pay advance tax.
If the property is gifted by your uncle to your wife, the transaction will not be covered under the exemption
Steps like widening the scope of TDS and compelling businesses with revenue above a threshold to offer electronic payment will make tax avoidance harder
Below are some of the checks you should run before clicking on the 'file' button
For debt-oriented funds, the gain will be long term if the period of holding is over 36 months
For taxpayers having taxable income not exceeding Rs 5 lakh, it is Rs 1,000
The amount deposited qualifies for deduction under Section 80C, within the overall limit of Rs 1.5 lakh
Capital gain accounts are of two types
An individual is liable to file the tax return where his total income exceeds the basic exemption limit
When dividend is reinvested, it becomes eligible to be allowed as a deduction under Section 80C of the Act
Assessee owns the property from the date of issuance of allotment letter
Kuldip Kumar, partner and leader (personal tax), PwC India, answers your questions
Kuldip Kumar, partner and leader (personal tax), PwC India, answers your questions
Kuldip Kumar, partner and leader personal tax PwC India, answers your questions
Kuldip Kumar, partner and leader, personal tax, PwC India, answers your questions
Kuldip Kumar, partner and leader, personal tax, PwC India, answers your questions