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Union Budget 2019-20: Tax Sops Likely To Be Doled Out For Women Taxpayers

Nirmala Sitharaman, the country's second women finance minister, who is all set to present the full Budget 2019 on July 5 might go an extra mile to further empower the women class to have a better lifestyle. Some of the major ...

ITR Filing: Reporting Salary Details In ITR 1 Get Simplified For FY18-19

This year providing a much needed relief, the department has notified ITR 1 form for tax filing for FY 2018-19 i.e. in sync with form 16 i.e. TDS certificate issued by an employer. This simply means that salaried class taxpayers without ...

Tax Benefit On Top-Up Home Loans

A usual home loan provides tax benefits such as deduction of up to Rs. 1.5 lakh on principal repayment as per section 80C of the Income Tax Act and up to Rs. 2 lakh in respect of interest payment in a ...

Are You A Co-Owner In A House Property? You Can Claim These Tax Benefits

Co-ownership in a house property refers to a state where more than one person owns the house and these owners are then referred as co-owners of a house property. These days co-ownership is quite a common scenario. Also, government provides ...

Which Small Savings Schemes Will Best Meet Your Investment Goal?

Of the several small saving schemes backed by the government, with limited funds you cannot book profits by investing in all of them. Here's a take on which can best meet your investment goals and considering that interest on these schemes ...

Salaried class allowed deductions for donations made for rural development or scientific research

In accordance with a new circular released by the Central Board of Direct Taxes (CBDT), in addition to the deductions allowed to salaried class and other individuals and HUF for donations made as per Section 80 G (To know about Section ...